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Hamburg (ots Ad hoc-Service) - SinnerSchrader triples turnover and
doubles profit. 1999/2000 annual accounts confirm profitable growth
In its financial year 1999/2000 ending on 31 August 2000,
SinnerSchrader Aktiengesellschaft achieved a consolidated turnover of
DM 28.7 million and an operating profit of DM 6.6 million.
SinnerSchrader was therefore able to triple its turnover in
comparison with the previous period, double its operating income and
provide emphatic proof of the success of its profitable growth path.
Turnover and profit are both significantly above the original
budgeting of DM 24.0 million and DM 4.3 million respectively which
SinnerSchrader held out in prospect when it went public on 2 November
1999. The operating result margin is just on 23 percent.
Including the positive financial result of DM 1.6 million, the
profit before tax was DM 8.2 million. After deducting taxes, the
result was an annual net profit of DM 3.8 million. Per share, this
represents a profit of DM 0.40 or Euro 0.20 in the financial year
1999/2000. SinnerSchrader is thus one of the most profitable
e-commerce service providers in the world.
The basis for this financial success was the development of
SinnerSchrader's project business. One third of overall turnover was
achieved through new customer business alone. The share of companies
from the old economy rose by 17 percent to 70 percent. SinnerSchrader
was, for example, able to acquire Tchibo and OTTO Versand as new
customers. The market entry of Blume2000.de and LetMeShip, in which
SinnerSchrader has a share as a venture partner, went extremely
promisingly. LetMeShip has already been singled out for its business
The technological competence demonstrated in the design of
Internet-based business processes proved to be an important
differentiating characteristic of the Hamburg company. This is
crucially important to companies of the so-called old economy, in
particular. With the "unified commerce" strategy, SinnerSchrader aims
its range of services for these customers at the integration of all
digital sales channels. In addition to the Internet, the company also
integrates WAP and GPRS services, stationary kiosk terminals and
digital television into the sales network.
SinnerSchrader has realised the growth in the financial year
1999/1000 entirely organically and thus significantly reinforced the
corporate culture and processes. In the reporting period, the number
of employees rose from 62 to 174, with attention predominantly given
to the expansion of software development. With the founding of a
subsidiary in London, SinnerSchrader started the process of
internationalisation that is important to the further development of
The successful development of business together with the
strengthening of capital resources through going public form an
excellent basis for continuing its dynamic and profitable growth
path. Selective acquisitions will support this organic development.
With the takeover of e-commerce software specialist Netmatic
Intranet/Internet Solutions GmbH just before the end of the last
business year, which was completed in December after approval by the
general meeting of shareholders, SinnerSchrader took a first
important step that has significantly reinforced the technological
competence of SinnerSchrader. The crucial challenge of the current
business year is the development of European business.
More informations and report: www.sinnerschrader.com
SinnerSchrader Aktiengesellschaft Investor Relations Julia
Kretschmann Planckstrasse 13 22765 Hamburg Tel.: 040-39 88 55-89
Fax.: 040-39 88 55-55 email@example.com
Original-Content von: SinnerSchrader AG, übermittelt durch news aktuell