"We were hoping the news would remain quiet within the Italian financial community until we could formally announce the game which we plan to do soon," a company representative told Joystiq. Sniper Elite 3 is "expected in 2014" from independent developer Rebellion, which owns the Sniper Elite franchise.
According to the original financial release [PDF], Sniper Elite 3 "will have an impact on the Group's revenues for FY 2013-2013 of 28.6 million Euros (approximately $37M USD)." The release states that Sniper Elite V2 – which launched in 2012 for the PC, Xbox 360, and PS3 – "gained worldwide success around 1.1 million copies and 28.6 million revenues sold since the April 2012 launch to the end of December."
Update: 505 Games has confirmed to Joystiq that Sniper Elite 3 is also in development for PC.