euro adhoc: Syzygy AG
Financial Figures/Balance Sheet
Syzygy AG: growth
continues, operating income increases by 65 per cent
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
9-month report
21.10.2008
- Gross sales kEUR 56,551 (+32% compared to 9M-2007) - Net sales kEUR 23,164 (+18% compared to 9M-2007) - Operating income (EBIT) kEUR 3,806 (+65% compared to 9M-2007) - Net income kEUR 3,089 (+43% compared to 9M-2007) - Earnings per share EUR 0.21 (+40% compared to 9M-2007) - Liquid funds and securities kEUR 23,752 (equals EUR 1,97 per share)
Syzygy AG kept up its very positive performance. In the first nine months of 2008, net sales increased by 18 per cent compared to the same period of the previous year. The growth was hampered by the increasing Euro exchange rate as against the British pound. The growth on net sales would have been 24 per cent if the exchange rate had remained constant. In the period from January to September 2008, Syzygy generated an operating income (EBIT) of kEUR 3,806, thereby outperforming last year´s figure of kEUR 2,310 by 65 per cent. Net sales of kEUR 23,164 resulted in an EBIT-margin of 16 per cent, 3 percentage points more than in 9M-2007. Gross sales, which include the transit costs of the online marketing-companies, increased by 32 per cent to kEUR 56,551. In the period under review, net income increased by one third to kEUR 3,089 compared to kEUR 2,162 in 2007. After minority interests, this equals earnings per share of EUR 0.21.
Liquid funds and securities were at kEUR 23,752, which corresponds to a current cash portion of EUR 1.97 per share. The operating cash flow developed positively and amounted to kEUR 5,756 as of September 30, 2008.
| |Q3-2008 |Q3-2007 | |9M-2008 |9M-2007 | | | |in kEUR |in kEUR |YoY |in kEUR |in kEUR |YoY | |Gross Sales |20,683 |15,988 |29% |56,551 |42,816 |32% | |Net Sales |8,329 |7,512 |11% |23,164 |19,707 |18% | |EBIT |1,298 |1,004 |29% |3,806 |2,310 |65% | |EBIT-margin |16% |13% |3 pp |16% |12% |4pp | |Net income |1,034 |788 |31% |3,089 |2,162 |43% | |EPS |EUR 0.07|EUR 0.05|40% |EUR 0.21|EUR 0.15|40% |
The order backlog for the fourth quarter of 2008 is above last year's level. For the financial year 2008, Syzygy expects a significant double-digit growth and confirms the profit forecast of EUR 0.28 per share.
The quarterly report will be issued on October 30, 2008 and can be downloaded at http://www.syzygy.net in the Investor Relations section.
end of announcement euro adhoc
Further inquiry note:
Katrin Schreyer
Syzygy AG
Investor Relations
Im Atzelnest 3
61352 Bad Homburg
Tel.: +49 (0)6172-9488-251
Fax: +49 (0)6172-9488-272
E-Mail: ir@syzygy.de
http://www.syzygy.net
Branche: Online
ISIN: DE0005104806
WKN: 510480
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
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade