EANS-News: SinnerSchrader AG SinnerSchrader grows by approx. 29 per cent in
fiscal 2010/2011 service portfolio significantly enhanced
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annual result/Financial Figures/Balance Sheet/Preliminary figures 2010/2011
Hamburg, 13 October 2011 (euro adhoc) - With net revenues anticipated to reach
EUR 8.3 million, SinnerSchrader continued to grow by more than 20 per cent in
the fourth quarter of its financial year 2010/2011 (1 September 2010 to
31 August 2011). Based on preliminary, as yet unaudited figures SinnerSchrader´s
Group Financial Statements show an increase in net revenues by approx.
29 per cent for the entire financial year leading to a total of around
EUR 30.9 million. Development of net revenues, thus, exceeded the original
forecast which provided for a growth rate of between 15 and 20 per cent.
The dynamic development of the Interactive Marketing segment, once again, was
at the heart of the group´s revenue growth; segment net revenue increased by
some EUR 5.5 million or by 25 per cent compared to the previous financial year.
It was particularly pleasant that through new client relationships
SinnerSchrader successfully established good positions in new industries such
as food retailing, insurance, and luxury brands. SinnerSchrader developed and
managed the rollout of online shops for major brands of the French PPR Group
like Yves Saint Laurent, Stella McCartney und Bottega Veneta. For REWE, a major
German food giant, SinnerSchrader devised, designed, and implemented its path
into online food retailing.
Nonetheless, both the Interactive Media segment and the Interactive Commerce
Segment, too, grew their businesses at a significant rate.
Operating earnings (EBITA) came out at some EUR 0.6 million for the fourth
quarter 2010/2011. For the entire financial year, they increased by approx.
17 per cent reaching a level of more than EUR 2.55 million. The earnings
improvement, thus, fell within the forecast corridor of between 15 and 20 per
cent. As expected, the development of earnings lagged behind the top-line
growth due to the continued expansion of SinnerSchrader´s service portfolio.
During the 2010/2011 financial year SinnerSchrader has launched a creative
agency under the brand Haasenstein for communication and campaign driven
services and has entered the market for mobile applications by acquiring TIC-
mobile GmbH (now SinnerSchrader Mobile GmbH). Additionally, SinnerSchrader has
created competence clusters for online shop development based on the Magento
technology platform at spot-media AG and next commerce GmbH through two smaller
acquisitions. The total cost involved in expanding the service portfolio
amounted to more than EUR 1.3 million in the financial year 2010/2011.
Net income increased parallel to operating earnings and will presumably reach
just under EUR 1.3 million, i.e. between EUR 0.11 and EUR 0.12 per share. In
the previous year net income came out at EUR 1.1 million or just about EUR 0.10
per share. SinnerSchrader will use the income improvement to raise its dividend
from last year´s level of EUR 0.08 per share.
As of the balance sheet date on 31 August 2011, the liquidity reserve amounted
to EUR 5.7 million. This was EUR 2.5 million less than a year before, due to
the business expansion and the fact that SinnerSchrader had to resume tax
prepayments. On 31 August 2011, the SinnerSchrader Group had 400 employees.
The final audited Consolidated Financial Statements for 2010/2011 and a
forecast for the 2011/2012 financial year will be published on 8 November 2011.
About SinnerSchrader
SinnerSchrader is one of the leading digital agencies in Europe. SinnerSchrader
develops interactive strategies, platforms, and applications which create
radical relationships between consumers and brands. The SinnerSchrader Group
has over 400 employees in Hamburg, Frankfurt am Main, Berlin, and Hannover who
work for customers such as Allianz, TUI, Tchibo, simyo, REWE, comdirect bank,
PPR Group, OTTO, and Steigenberger. SinnerSchrader was founded in 1996 and has
been quoted on the stock exchange since 1999.
Contact for press and public relations
Benjamin Nickel
Head of Corporate Communications
presse@sinnerschrader.com
Contact for shareholder information
Thomas Dyckhoff
CFO
ir@sinnerschrader.com
SinnerSchrader Aktiengesellschaft
Völckersstr. 38
D-22765 Hamburg
T. +49. 40. 39 88 55-0
F. +49. 40. 39 88 55-55
Further inquiry note:
Thomas Dyckhoff
CFO
Telefon: +49(0)40 398855-113
E-Mail: t.dyckhoff@sinnerschrader.de
end of announcement euro adhoc
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company: SinnerSchrader AG
Völckersstraße 38
D-22765 Hamburg
phone: +49(0)40-398855-0
FAX: +49(0)40-398855-55
mail: info@sinnerschrader.de
WWW: http://www.sinner-schrader.de
sector: Software
ISIN: DE0005141907
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English