EANS-News: SinnerSchrader starts 2010/2011 financial year with strong first quarter: Net revenues up more than 25 per cent over those of previous year, EBITA doubled
Hamburg (euro adhoc) -
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Annual & Special Corporate Meetings/Dividend Announcements/Distribution
In the first quarter of 2010/2011 (1 September 2010 to 30 November 2010), SinnerSchrader considerably surpassed the record figures of the fourth quarter of 2009/2010. Based on the preliminary figures, the net revenues for the quarter amounted to over EUR 7.5 million, which is over 10 per cent more than the previous quarter and over 25 per cent higher than in the previous year.
The EBITA also reached a new record of around EUR 1.2 million, which is about double the amount of the previous year. All segments contributed to the doubling of earnings, with the Interactive Media segment developing particularly well.
SinnerSchrader has thus started the new financial year better than planned overall. The digital marketing sector continues to grow dynamically also thanks to the good economic climate in Germany. The growth targets for the 2010/2011 financial year - an increase of 15 to 20 per cent in net revenues and at least proportional development of EBITA - can therefore be confirmed. The good operative development will also be reflected in a significant rise in the consolidated revenues.
In light of the positive expectations for the current 2010/2011 financial year, the Management Board and Supervisory Board proposed a dividend of EUR 0.08 per share at the Annual General Meeting held today in Hamburg, to be paid from earnings generated in the 2009/2010 financial year. 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 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, REWE, comdirect bank, the Gucci Group, OTTO, mobilcom-debitel, and Steigenberger. SinnerSchrader was founded in 1996 and has been quoted on the stock exchange since 1999.
end of announcement euro adhoc
Further inquiry note:
SinnerSchrader Aktiengesellschaft
Thomas Dyckhoff, CFO
T. +49. 40. 39 88 55-0
Benjamin Nickel, Corporate Communications
T. +49. 40. 39 88 55-542
E-Mail: ir@sinnerschrader.com
F. +49. 40. 39 88 55-100
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