EANS-News: SinnerSchrader AG
Record quarter: SinnerSchrader grows by more than
25 per cent in fourth quarter
Targets reached for the 2009/2010 financial year
Hamburg, 14 October 2010 (euro adhoc) -
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
Financial Figures/Balance Sheet
SinnerSchrader ended the 2009/2010 financial year (1 September 2009 to 31 August 2010) with a record fourth quarter. Based on preliminary, as yet unaudited figures from the Annual Financial Statements, SinnerSchrader´s net revenues increased in the fourth quarter of the 2009/2010 financial year by over 25 per cent against those of the year before, reaching around EUR 6.8 million. The operating result (EBITA) for the quarter will probably considerably surpass the EUR 1 million mark and will thus be well over 50 per cent higher than in the previous year.
The surprisingly strong economic recovery in Germany, the rapid digitisation of marketing, and SinnerSchrader´s recognised position as a leading digital agency gave a significant boost to business with new customers. In the fourth quarter, SinnerSchrader generated around 23 per cent of its revenues with customers for whom the company was not yet working one year ago, including babywalz, the Gucci Group, s.Oliver, and Versatel. Incoming orders in the fourth quarter of 2009/2010 surpassed those of the previous year by 37 per cent.
SinnerSchrader has therefore probably reached its targets for the 2009/2010 financial year. Net revenues will amount to around EUR 23.9 million, which means that growth in revenues will exceed previous year´s rate. The operating result (EBITA) will surpass the EUR 2 million mark, which is an improvement of more than EUR 0.6 million compared to the year before.
The new business fields of ad serving and e-commerce outsourcing in which SinnerSchrader invested last year have already contributed around EUR 1.5 million to the net revenues of the financial year. As expected, additional operative start-up losses amounting to over EUR 1 million were incurred, without which the EBITA would have been more than EUR 3 million.
Consolidated income will amount to around EUR 1.1 million, resulting in earnings per share of about EUR 0.10. Based on this, the Management Board and the Supervisory Board will again propose a dividend of EUR 0.08 per share to the Annual General Meeting on 16 December 2010. This would once again be paid from the tax-recognised contribution account and would thus be tax-free for private individuals with minor holdings.
As of the balance sheet date on 31 August 2010, the liquidity reserve amounted to EUR 8.3 million and was thus EUR 0.3 million higher than a year ago. The SinnerSchrader Group had 305 employees on the reporting date.
The final audited Consolidated Financial Statements for 2009/2010 and a forecast for the 2010/2011 financial year will be published on 9 November 2010. This is also the date of SinnerSchrader´s annual balance sheet press conference in Hamburg.
About SinnerSchrader
SinnerSchrader is one of the leading digital agencies in Germany. SinnerSchrader develops interactive strategies, platforms, and applications which create radical relationships between consumers and brands. The SinnerSchrader Group has over 300 employees in Hamburg and Frankfurt am Main who work for customers such as 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