euro adhoc: Syzygy AG
quarterly or semiannual financial statement
Syzygy AG
raises profit forecast to EUR 0.28 per share for 2008
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
6-month report
23.07.2008
Syzygy AG raises profit forecast to EUR 0.28 per share for 2008
- Gross sales kEUR 35,868 (+34% compared to H1-2007) - Net sales kEUR 14,835 (+22% compared to H1-2007) - Operating income (EBIT) kEUR 2,508 (+92% compared to H1-2007) - Net income kEUR 2,055 (+50% compared to H1-2007) - Earnings per share EUR 0.14 - Liquid funds kEUR 25,145 (equals EUR 2.08 per share)
Due to very positive operating results, Syzygy AG raises the profit forecast for 2008 from EUR 0.26 to EUR 0.28 per share. In the first half of 2008, Syzygy AG generated an operating income (EBIT) of kEUR 2,508, thereby outperforming last year´s figure by 92 per cent. Net sales of kEUR 14,835 resulted in an EBIT-margin of 17 per cent, 6 percentage points more than in H1-2007. Gross sales, which include the transit costs of the online marketing-companies, increased by 34 per cent to kEUR 35,868. Net income amounted to kEUR 2,055 compared to kEUR 1,374 in the same period of 2007. After minority interests, this equals earnings per share of EUR 0.14.
Liquid funds were kEUR 25,145, which corresponds to a current cash portion of EUR 2.08 per share. Financial income for the first half of 2008 amounted to kEUR 514.
| |Q2-2008 |Q2-2007 | |H1-2008 |H1-2007 | | | |in kEUR |in kEUR |YoY |in kEUR |in kEUR |YoY | |Gross Sales |19,061 |14,783 |29% |35,868 |26,828 |34 % | |Net Sales |7,635 |6,707 |14% |14,835 |12,195 |22 % | |EBIT |1,285 |801 |60% |2,508 |1,306 |92% | |EBIT-margin |17% |12% |5 pp |17% |11% |6 pp | |Net income |1,033 |695 |49% |2,055 |1,374 |50% | |EPS |EUR 0.07|EUR 0.05 |40% |EUR 0.14|EUR 0.10|40% |
The order backlog for the second half of 2008 is well above last year's level. For the financial year 2008, Syzygy expects a significant double-digit growth. The quarterly report will be issued on July 30, 2008 and can be downloaded at http://www.syzygy.net in the Investor Relations section.
end of announcement euro adhoc
Further inquiry note:
Katrin Schreyer
Telefon: +49/6172-9488251
E-Mail: k.schreyer@syzygy.net
Branche: Online
ISIN: DE0005104806
WKN: 510480
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
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