EANS-News: SinnerSchrader AG
SinnerSchrader grows by nearly 30 per cent in
first quarter of 2010/2011
EBITA and net income double
spot-media takes over
business of Maris Consulting
Hamburg, 13 January 2011 (euro adhoc) -
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
3-month report
In the first quarter of 2010/2011 (1 September to 30 November 2010), SinnerSchrader generated net revenues of EUR 7.7 million and thus expanded its business by 29.5 per cent compared to the same period in the previous year. This very dynamic growth is also reflected in the development of the result: both the operating result (EBITA) and the net income doubled compared to the values of the previous year, reaching new record highs of EUR 1.2 million and EUR 0.8 million, respectively. The earnings per share amounted to EUR 0.07.
With the final figures for the first quarter of the 2010/2011 financial year, SinnerSchrader has confirmed the preliminary figures announced at the Annual General Meeting on 16 December 2010. Revenues, EBITA, and net income also surpassed the record values of the final quarter of the previous year by 13, 6, and 16 per cent, respectively.
The good business development of the last financial year is thus continuing to gain momentum thanks to high demand. In light of stable business with existing customers, this development is based primarily on the remarkable success with which SinnerSchrader has managed to attract new customers to the Group over the past twelve months. Over 27 per cent of net revenues in the first quarter were generated with customers with whom SinnerSchrader did not yet have a business relationship in the year before.
All segments contributed to the organic growth of revenues and earnings in the first quarter of 2010/2011. The Interactive Media segment developed particularly well. In the Interactive Marketing segment, spot-media AG has been strengthened in the current second quarter by taking over the business of the technically oriented Maris Consulting GmbH on 1 January 2011. With this acquisition, the SinnerSchrader Group now has a location in Berlin. The acquired business is expected to make a positive contribution to revenues and EBITA in the remaining eight months of the 2010/2011 financial year.
Based on the welcome development of the first quarter, SinnerSchrader has firmly underscored its forecast for the entire 2010/2011 financial year of organic growth in revenues and EBITA of between 15 and 20 per cent. If these business dynamics are maintained in the coming months, these targets may be surpassed.
Due to the resumption of tax payments in November 2010 and a growth-related increase in receivables vis-à-vis customers, the liquid funds temporarily declined in the period of the report by EUR 0.5 million to EUR 7.8 million on 30 November 2010. By the end of the year, however, the liquid funds once again amounted to over EUR 9 million despite the dividend payment of EUR 0.9 million on 17 December 2010.
The equity ratio was 61.3 per cent as of the balance sheet date 30 November 2010. On that day, the SinnerSchrader Group had 322 employees.
The entire quarterly report can be downloaded from the Internet at www.wkn514190.de/s2ir/en/5091.html from 3:00 p.m. today.
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, Frankfurt am Main, and Berlin 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:
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