SinnerSchrader defies economic crisis: Revenues rise 35 per cent in first quarter of 2008/2009, earnings up 67 per cent
Hamburg (euro adhoc) -
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Despite the economic crisis, SinnerSchrader continues to develop successfully. In the first quarter of the 2008/2009 financial year (1 September to 30 November 2008), gross revenues rose by 35 per cent compared to the same quarter last year to reach EUR 7.3 million, while net revenues improved by 37 per cent, reaching EUR 5.6 million. The operating result (EBITA) rose 67 per cent to EUR 0.5 million.
The operating margin was 7.7 per cent (gross) and 10 per cent (net), an improvement of 1.5 and 1.8 percentage points compared to the previous year. A considerable portion of the growth in revenues and earnings was attributed to the wholly owned subsidiary spot-media AG, which did not yet belong to SinnerSchrader in the first quarter of the previous year.
The consolidated income of EUR 0.4 million was a good 29 per cent higher than in the previous year. The consolidated income per share amounted to EUR 0.04 and was thus EUR 0.01 higher than in the same period last year. As of 30 November 2008, SinnerSchrader had a liquidity reserve of EUR 8.6 million, which was EUR 0.4 million less than on 31 August 2008. The equity ratio was 63 per cent.
Incoming orders in the first quarter were 13.5 per cent higher than the previous year, meaning that the dynamic growth in orders has slowed down. SinnerSchrader sees further growth opportunities for the year as a whole. However, due to the current economic difficulties, the growth rates of the first quarter will not be able to be applied to the whole fiscal year.
Yesterday, the Management Board and Supervisory Board agreed to extend to 30 June 2009 the share repurchase programme which started in October 2008 and was initially limited to 31 December 2008.
The complete quarterly report will be made available in the Internet under www.wkn514190.de/s2ir/de/Finanzberichte.html today at 3 pm.
About SinnerSchrader SinnerSchrader is a leading interactive agency in Germany. SinnerSchrader develops interactive customer experiences which radically intensify the relationship between brands and consumers. SinnerSchrader was founded in 1996, has been listed on the stock exchange since 1999, and has over 200 employees in Hamburg and Frankfurt am Main.
end of announcement euro adhoc
Further inquiry note:
SinnerSchrader Aktiengesellschaft
Thomas Dyckhoff, CFO
T. +49. 40. 39 88 55-0
Martin Recke, Corporate Communications
T. +49. 40. 39 88 55-181
E-mail: ir@sinnerschrader.de
F. +49. 40. 39 88 55-100
Branche: Software
ISIN: DE0005141907
WKN: 514190
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
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Börse München / free trade