EANS-News: SinnerSchrader successful in business with new customers First
quarter concluded positively Annual General Meeting votes on a 25 per cent
dividend increase
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Annual & Special Corporate Meetings/Dividend Announcements/Distribution
Hamburg, 15 December 2011 (euro adhoc) - SinnerSchrader started the 2011/2012
financial year with wind in its sails. At the ordinary Annual General Meeting of
SinnerSchrader AG held in Hamburg today, the Management Board reports on a
sustained dynamic development of business. Based on preliminary figures for the
first quarter of 2011/2012 (September to November 2011), revenues are expected
to grow by 19 per cent over those of the previous quarter, to more than EUR 9
million. Moreover, at the end of the quarter, several significant new clients
from the fashion, retail and entertainment sectors were gained and will drive
business in the coming months.
"Our new business success is reinforcing the growth targets we at SinnerSchrader
set for 2011/2012," says Chairman of the Management Board Matthias Schrader.
"Our digital agency group thus intends to increase its net revenues by around 15
per cent to EUR 35.5 million in the 2011/2012 financial year."
The first-quarter EBITA will probably amount to EUR 0.6 million to EUR 0.7
million. Although this figure clearly falls short of results for the previous
year, internal plans were easily achieved, so that the quarterly trend also
emphasises the ambitious earnings forecast for the full financial year of EUR
3.25 million in EBITA (an increase of 25 per cent over that of the previous
year) and EUR 1.7 million (an increase of 33 per cent over that of the previous
year). Finance Director Thomas Dyckhoff: "We benefit enormously from the general
trend towards digital business models and perceive a strong demand for our
services."
This trend had already considerably boosted business in the previous financial
year. In 2010/2011 SinnerSchrader generated net revenues of EUR 30.9 million and
operative earnings (EBITA) of EUR 2.6 million. This is an increase in revenues
of EUR 7 million (+ 29.1 per cent) and a 19.5 per cent increase in EBITA.
With these increases, SinnerSchrader has clearly exceeded the growth targets it
set itself. On this basis and in light of the positive outlook for 2011/2012,
the Management Board and Supervisory Board proposed that the dividend be raised
by 25 per cent over that of the previous year, to 10 cents per share, at the
Annual General Meeting held today in Hamburg. This dividend will once again be
paid from the contribution account for tax purposes, and is thus tax-free for
those with minor holdings.
About SinnerSchrader
SinnerSchrader is one of the leading digital agencies in Europe. SinnerSchrader
develops interactive strategies, platforms, and applications which create
radical relationships between consumers and brands. The SinnerSchrader Group has
around 400 employees in Hamburg, Frankfurt am Main, Berlin, and Hanover who work
for customers such as Allianz, TUI, Tchibo, simyo, REWE, comdirect bank, PPR
Group, OTTO, and Steigenberger. SinnerSchrader was founded in 1996 and has been
quoted on the stock exchange since 1999.
Further inquiry note:
Thomas Dyckhoff
CFO
ir@sinnerschrader.com
Benjamin Nickel
Head of Corporate Communications
presse@sinnerschrader.com
SinnerSchrader Aktiengesellschaft
Völckersstr. 38
D-22765 Hamburg
T. +49. 40. 39 88 55-0
end of announcement euro adhoc
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company: SinnerSchrader AG
Völckersstraße 38
D-22765 Hamburg
phone: +49(0)40-398855-0
FAX: +49(0)40-398855-55
mail: info@sinnerschrader.de
WWW: http://www.sinner-schrader.de
sector: Software
ISIN: DE0005141907
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English