30.10.2007 – 19:41
euro adhoc: Syzygy AG
quarterly or semiannual financial statement
Growth exceeds expectations
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Syzygy AG: Growth exceeds expectations
. Sales of kEUR 7,512, 44% growth compared to Q3-2006 . Operating income (EBIT) kEUR 1,004, 177% growth year-on-year . Net income kEUR 788, increase by 32% . Earnings per share EUR 0.05 . Liquid assets kEUR 24,610 (equals EUR 2.04 per share)
Frankfurt, Oktober 30, 2007 With sales amounting to kEUR 7,512 in the third quarter, Syzygy increased last year`s result (kEUR 5,207) by 44%. The operating income of kEUR 1,004 corresponds to an EBIT margin of 13.4%. Net income was kEUR 788 - a 32% growth compared to kEUR 598 in 2006. After minority interest, this equals to earnings per share of EUR 0.05. The operating cash flow amounted to kEUR 2,209 - a significant rise compared to 2006. Due to this strong growth, marketable securities and cash went up by kEUR 1,223 to kEUR 24,610. This equals EUR 2.04 per share.
| |9M-2007 |9M-2006 |Change |Q3-2007 |Q3-2006 |Change | |Sales |kEUR |kEUR | |kEUR |kEUR | | | |19,707 |14,802 |33.1% |7,512 |5,207 |44.3% | |EBIT |kEUR |kEUR | |kEUR |kEUR | | | |2,310 |1,043 |121.5% |1,004 |363 |176.6% | |EBIT margin |11.7% |7.0% |4.7pp |13.4% |7% |6.4 pp | |Net income |kEUR |kEUR | |kEUR |kEUR | | | |2,162 |1,835 |17.8% |788 |598 |31.8% | |EPS |EUR 0.15 |EUR 0.16 |-6.3% |EUR 0.05 |EUR 0.05 |0,0% |
The order backlog for the coming quarter exceeds the level of last year's period considerably. Syzygy expects to grow in the segment of building and designing internet applications as well as in the new business field of online marketing, profiting from the constant growth of a dynamic market. The group even expects to outperform its forecast of doubling operating income in 2007.
The interim report can be downloaded at http://www.syzygy.net under section 'Investor Relations' from October 31, 2007.
end of announcement euro adhoc 30.10.2007 19:05:49
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