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SRH AlsterResearch AG

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DGAP-News News vom 16.12.2019

SRH AlsterResearch AG: SNP SE - New level after success stories and brilliant Q3 [Update / Buy / Target price: EUR 59.00]

DGAP-News: SRH AlsterResearch AG / Key word(s): 9 Month figures/Research Update
16.12.2019 / 15:31
The issuer is solely responsible for the content of this announcement.

(Heidelberg/Hamburg) The Hamburg-based research house SRH AlsterResearch AG published a research update as part of the Q3 reporting of SNP Schneider-Neureither & Partner SE, based in Heidelberg. The company, which specializes in IT transformations, has shown a trend reversal with regard to profit development. The Heidelberg-based company also reported on strategic progress. For instance, it was possible to acquire renowned partners, including Google and IBM, who will in future be using SNP software for SAP S/4HANA projects. In addition, an important S/4HANA flagship project was won from the automotive supplier Mahle.
Analyst Alexander Zienkowicz believes that the conditions are in place to achieve sustained profitability growth through the rapid implementation of the partner sales strategy. A higher margin level due to the shift in sales weights justifies an increase in the price target to EUR 59.00. The "buy" recommendation was confirmed.

The complete research study (in German only) is available at the following link (Please note the disclaimer at the end of the document):

About SRH AlsterResearch AG: AlsterResearch focuses on equity research. Currently, more than 70 different shares are covered, the majority as partners in a research joint venture with Norddeutsche Landesbank. The joint portfolio comprises more than 200 German and international stocks. In addition, AlsterResearch helps smaller companies to improve their perception on the capital market and continuously seeks exciting and promising investment opportunities for institutional investors, especially in the small and mid-cap sector. These are regularly presented at investor conferences in Germany and other European countries.

16.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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