EANS-News: SYZYGY AG Dynamic sales growth and positive operating cash flow
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
9-month report
Bad Homburg (euro adhoc) - In the nine month under review, SYZYGY Group
increased its sales by 7 per cent to EUR 23.2 million. This was primarily due to
a very dynamic sales growth in Germany. SYZYGY expects this development to
accelerate in the fourth quarter 2012 and forecasts an organic double-digit
sales growth in the financial year 2012.
Investments in new locations impacted the operating income. It
totaled EUR 1.9 million, down 19 per cent compared to last year's
figure.
With EUR 919,000, financial income increased by 25 per cent.
A tax effect in Q2-2012 resulted in a strong growth of net income
by 307 per cent to EUR 8.7 million. Earnings per share for the nine-
month period were thus EUR 0.68, EUR 0.54 of which are attributable
to the tax effect.
In the third quarter, the operating cash flow amounted to EUR 1.3
million, reaching EUR 331,000 as at 30 September 2012.
At EUR 18.7 million, liquid funds and securities were at last
year's level, representing a cash portion of EUR 1.46 per share.
SYZYGY expects liquid funds and securities to increase to over EUR
20 million by the end of the year.
| |Q3-2012 |Q3-2011 |Change |9M-2012 |9M-2011 |Change |
|Net sales |7,825 |7,189 |+9% |23,171 |21,719 |+7% |
|(EUR'000) | | | | | | |
|EBIT (EUR'000) |506 |721 |-30% |1,899 |2,353 |-19% |
|EBIT margin |6% |10% |-4pp |8% |11% |-3pp |
|Financial |427 |194 |+120% |919 |737 |+25% |
|income (EUR'000)| | | | | | |
|Net income |665 |626 |+6% |8,682 |2,134 |+307% |
|(EUR'000) | | | | | | |
|EPS (EUR) |0.05 |0.05 |-- |0.68 |0.17 |+300% |
In 2012, SYZYGY forecasts an organic double-digit sales growth. Due
to investments in new locations, operating income will be below
last year's level. SYZYGY expects earning per share of about EUR
0.72 for the 2012 financial year.
The 9-months-report in English will be issued on November 2, 2012, and can be
downloaded at http://ir.syzygy.co.uk in the section "Financial
Reports".
Further inquiry note:
Katrin Schreyer
Telefon: +49/6172-9488251
E-Mail: ir@syzygy.net
end of announcement euro adhoc
--------------------------------------------------------------------------------
company: Syzygy AG
Im Atzelnest 3
D-61352 Bad Homburg
phone: +49(0)6172 9488-100
FAX: +49(0)6172 9488-272
mail: ir@syzygy.net
WWW: http://www.syzygy.net
sector: Online
ISIN: DE0005104806
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English