EANS-News: SinnerSchrader AG
SinnerSchrader grows by 10 per cent in the first
nine months of 2009/2010
Operating result improves by 34 per cent
Hamburg (euro adhoc) -
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9-month report
SinnerSchrader ended the first nine months of the 2009/2010 financial year (1 September 2009 to 31 May 2010) with net revenues of EUR 17.1 million and an operating result (EBITA) of EUR 1.05 million. Net revenues rose by 10 per cent compared to the same period in the previous year. Growth increased from 6.4 per cent in the first quarter to 10.8 per cent in the second quarter and 13.1 per cent in the third quarter of 2009/2010. Net revenues in the third quarter amounted to EUR 5.9 million.
The proportion of net revenues accounted for by business with new customers continued to rise in the third quarter and amounted to nearly 13 per cent during the first nine months of the year. In the third quarter, SinnerSchrader won contracts with the Gucci Group, s.Oliver, Versatel and others.
The operating result (EBITA) in the first nine months of the 2009/2010 financial year was nearly EUR 0.3 million, or 34 per cent, higher than in the comparable period last year. SinnerSchrader continued to invest in the establishment of the new business fields of e-commerce outsourcing and ad serving. Initial losses here amounted to EUR 1 million in the period under report, compared to EUR 0.6 million in the previous year. Consolidated income in the nine-month period amounted to a good EUR 0.4 million, which corresponds to 4 cents per share.
Based on current information, SinnerSchrader anticipates net revenues of at least EUR 23.3 million and an operating result (EBITA) of at least EUR 1.8 million for the full year. This would correspond to revenue growth of over 11 per cent and an improvement in earnings of nearly EUR 0.4 million, or 25 per cent. Due to a slower establishment of business in the new business fields SinnerSchrader would thus not grow faster than in the 2008/2009 financial year, as had initially been forecast, but would nevertheless achieve its operative earnings targets.
In the financial year so far, operating cash flow amounted to a good EUR 1.3 million. The liquidity reserve reached EUR 7.5 million as of 31 May 2010, which is EUR 0.4 million below the reserve on 31 August 2009. The equity ratio was 60.6 per cent as of the report date. On 31 May 2010, the SinnerSchrader Group had 299 employees.
The entire quarterly report can be downloaded from the Internet at www.wkn514190.de/s2ir/en/5091.html from 2:00 p.m. today.
SinnerSchrader is one of the leading interactive agencies in Germany. SinnerSchrader develops digital strategies, platforms, and applications which create radical relationships between consumers and brands. The SinnerSchrader Group has around 300 employees who work for customers such as Deutsche Bank, TUI, Tchibo, simyo, ECCO, comdirect bank, Heine, mobilcom-debitel, Steigenberger, and Unitymedia. SinnerSchrader was founded in 1996 and has been quoted on the stock exchange since 1999.
end of announcement euro adhoc
Further inquiry note:
Thomas Dyckhoff
CFO
Telefon: +49(0)40 398855-113
E-Mail: t.dyckhoff@sinnerschrader.de
Branche: Software
ISIN: DE0005141907
WKN: 514190
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade