EANS-Adhoc: Syzygy AG
Syzygy raises earnings per share by 19%
currency
effects hamper growth
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
9-month report
29.10.2009
Despite recession, Syzygy AG will be able to improve earnings per share in 2009. In the period under review, the Group generated earnings per share of 25 Cent, corresponding to an increase of 19 per cent compared to the first nine months of 2008.
Gross sales were down slightly by 1 per cent to EUR 56.1 million, net sales fell by 6 per cent to EUR 21.7 million. Given a constant rate of exchange, net sales would have been almost identical in 2008 and 2009, gross sales would have improved by 6 per cent.
The general economic situation, currency effects and the end of agency commissions paid by Google impacted the operating income, which fell by 20 per cent to EUR 3 million. The financial income developed positively from EUR 737,000 to EUR 943,000 (+28%). Net income reduced by 4 per cent to EUR 3 million (previous year: EUR 3.1 million).
| |9M-2009|9M-2008 |Diff. |Q3-2009 |Q3-2008 |Diff. | |Gross sales |56,100 |56,551 |-1% |16,540 |20,683 |-20% | |(EUR`000) | | | | | | | |Net sales |21,683 |23,164 |-6% |6,695 |8,329 |-20% | |(EUR`000) | | | | | | | |EBITA |3,033 |3,806 |-20% |902 |1,298 |-31% | |(EUR`000) | | | | | | | |EBITA margin |14% |16% |-2pp |13% |16% |-3pp | |Financial |943 |737 |+28% |401 |223 |80% | |income | | | | | | | |(EUR`000) | | | | | | | |Net income |2,967 |3,089 |-4% |913 |1,034 |-12% | |(EUR`000) | | | | | | | |Earnings per |0.25 |0.21 |+19% |0.08 |0.07 |+14% | |share (EUR) | | | | | | |
Syzygy AG does not expect the general economic environment to improve beyond the current financial year. Furthermore, currency effects may hamper the growth of the Group. Nevertheless, Syzygy expects to raise earnings per share from 30 Cent to 33 Cent in 2009.
The 9-month-report will be issued on October 29, 2009 and can be downloaded at http://www.syzygy.net in the Investor Relations section.
Ende der Mitteilung euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Katrin Schreyer
Telefon: +49/6172-9488251
E-Mail: ir@syzygy.net
Branche: Online
ISIN: DE0005104806
WKN: 510480
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade
Original-Content von: SYZYGY, übermittelt durch news aktuell