EANS-Adhoc: Syzygy AG
Double-digit growth in net sales and operating income
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
3-month report
26.04.2011
Syzygy Group had a positive start to the 2011 financial year and generated significant growth.
While gross sales, which include media turnover of the online media entities, declined by 11 per cent to EUR 18.9 million, net sales rose 12 per cent to EUR 7.4 million as against Q1-2010. Operating income (EBIT) was up at EUR 821,000, representing an increase of 17 per cent.
With financial income amounting to EUR 292,000 (+7%), net income totaled EUR 790,000 and thus enhanced by 16 per cent.
Earnings per share remained unchanged at EUR 0.06 due to a higher number of shares compared to same period last year.
Liquid funds and securities were at EUR 19.6 million, corresponding to a cash portion of EUR 1.53 per share.
| |Q1-2011 |Q1-2010 |Diff. |
|Gross Sales (EUR`000)|18,903 |21,337 |-11% | |Net Sales (EUR`000) |7,423 |6,620 |12% | |EBIT (EUR`000) |821 |702 |17% | |EBIT margin |11% |11% |- | |Financial Income |292 |272 |7% | |(EUR`000) | | | | |Net income (EUR`000) |790 |680 |16% | |Earnings / share |0.06 |0.06 |- | |(EUR) | | | |
In 2011, Syzygy expects to generate double digit growth with respect to net sales and operating income.
The quarterly report will be issued on April 28, 2011 and can be downloaded at http://www.syzygy.net in the Investor Relations section.
end of announcement euro adhoc --------------------------------------------------------------------------------
Contact:
Katrin Schreyer
Telefon: +49/6172-9488251
E-Mail: ir@syzygy.net
Branche: Online
ISIN: DE0005104806
WKN: 510480
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