EANS-News: SinnerSchrader AG SinnerSchrader continues to grow by more than 20
per cent in the 1st quarter of 2011/2012 Profit development on target Goals
for the 2011/2012 financial year confirmed
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quarterly report
Hamburg, 12 January 2012 (euro adhoc) - SinnerSchrader had a successful start to
the 2011/2012 financial year. In the 1st quarter of 2011/2012 (1 September to 30
November 2011) the digital agency group earned net revenue of Euro 9.3 million,
the first time this figure has exceeded Euro 9 million in a quarter. This means
that the dynamic expansion of the business volume, started in the spring of
2010, has continued in this quarter: the growth rate of 20.9 per cent in
comparison to the previous year was more than 20 per cent for the sixth time in
succession. In comparison to the preceding 4th quarter of 2010/2011, revenue has
risen by 11.9 per cent.
SinnerSchrader continued to profit from the strong demand for services in the
fields of e-commerce, digital marketing and online media. Demand appears to be
unaffected by the continuing debt crisis and SinnerSchrader acquired five new
clients in the Interactive Marketing segment in the period of the report, in
particular from the Retail & Consumer Goods sector. SinnerSchrader expects two
of these new clients to generate more than Euro 1 million each.
As planned, the operating result (EBITA), at just under Euro 0.7 million, was
well below the EBITA of the 1st quarter of 2010/2011, which was Euro 1.2
million. The growth-related financial pressures, comparatively high marketing
costs, and the fact that an exceedingly positive 1st quarter in the previous
year in the media line of business could not be repeated are the main factors in
this EBITA development. Overrunning costs in an ongoing fixed-price project have
also prevented the operating result from greatly surpassing the result planned
for the quarter of the report.
The net income amounted to just under Euro 0.3 million or 2.3 cents per share.
Against the background of what has been achieved in the 1st quarter,
SinnerSchrader is confirming the forecasts for the year as a whole: increasing
revenue to at least Euro 35.5 million, improving EBITA by 25 per cent to more
than Euro 3.25 million, and increasing the net profit by 33 per cent to Euro 1.7
million. In view of the above-mentioned problem in a fixed-price project that
has not yet been completed, tension with regard to the predicted profit has
heightened markedly.
As of 30 November 2011, the business dynamics have led to far more funds being
tied up in the working capital and thus to a fall in liquid funds of Euro 1.8
million, to Euro 3.9 million. The fall was so considerable because the Group's
major corporate clients were slow to pay on 30 November due to their year-end
planning. As of 31 December 2011, however, the liquid funds were back at Euro
4.6 million, in spite of a dividend payment of Euro 1.1 million in the interim.
The shareholders' equity rate on the balance sheet date of 30 November 2011 was
unchanged in comparison to 31 August 2011, at 59.4 per cent. At the end of the
quarter of this report, the SinnerSchrader Group had 419 employees, 19 more than
on 31 August 2011.
The complete quarterly report can be downloaded today from 1 p.m. at
www.sinnerschrader.ag/s2ir/en/5091.html.
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 Hanover who work
for clients 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
Finance Director
ir@sinnerschrader.com
SinnerSchrader Aktiengesellschaft
Völckersstraße 38
22765 Hamburg
Germany
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