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SinnerSchrader AG

SinnerSchrader: Third quarter confirms earnings expectation for 2005/2006 - Revenue Growth Slower than Planned

Hamburg, Germany (ots)

In the first nine months of the 2005/2006
financial year, SinnerSchrader earned revenue of EUR 11.7 million,
i.e. 11 per cent more than in the comparable period of the previous
year. The EBITA rose from EUR 67,000 in the previous year to EUR
380,000. In the third quarter revenue grew from EUR 3.6 million to
EUR 3.9 million, which makes for a 7 per cent increase in comparison
to the previous year. The EBITA rose from EUR 21,000 in the previous
year to EUR 102,000.
Incoming orders in the third quarter were just under 14 per cent
above the level of the previous year. The positive business
development based on a pleasing development of demand on the market
for interactive services remains uninterrupted. Success in business
with new customers contributed to this as well as the positive
development in business with existing customers. In the first nine
months SinnerSchrader started cooperation with fifteen new customers,
including a major bank and two well-known companies from the fields
of mail order, wholesale and retail.
Based on the results for the first nine months SinnerSchrader
confirms its expectation of concluding the year as a whole at the
upper limit of its plans for operating earnings which envisaged an
EBITA of between EUR 0.3 million and EUR 0.5 million. With respect to
revenue growth, however, SinnerSchrader will probably end 2005/2006
slightly below its planned growth range of between 10 per cent and 15
per cent. This is primarily a result of reduced expectations for the
growth in media services revenue. The current high utilisation rate
for online advertising space has reduced the growth opportunities for
CPO-based residual space marketing, in which SinnerSchrader
specialises, to an extent not foreseen in the planning.
As of 31 May 2006 the liquidity reserve was EUR 10.5 million. The
shareholders' equity was EUR 10.7 million, corresponding to an equity
ratio of 75 per cent.
9 months   9 months   3rd quarter 3rd quarter
                       2005/2006  2004/2005  2005/2006   2004/2005
Sales revenue 
(EUR 000s)               11,662     10,500     3,912      3,653
Gross profit 
(EUR 000s)                3,406      3,446     1,041      1,199
EBITDA 
(EUR 000s)                  821        469       251        156
EBITA 
(EUR 000s)                  380         67       102         21
Net income 
(EUR 000s)                  400        233       160         29
Net income per share 
(EUR)                      0.04       0.02      0.01       0.00
31.05.2006 31.08.2005  31.05.2006  28.02.2006
Liquid funds and 
securities (EUR 000s)    10,521     10,570      10,521     9,805
Employees 
(final level)               133        130        133        132

Contact:

SinnerSchrader Aktiengesellschaft
Martin Recke
Corporate Communications
T +49. 40. 39 88 55-181, F +49. 40. 39 88 55-100
E-Mail: ir@sinnerschrader.de

Original-Content von: SinnerSchrader AG, übermittelt durch news aktuell

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