EANS-Adhoc: Syzygy AG
Syzygy AG announces a dividend of 20 cents per share
-------------------------------------------------------------------------------- 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. --------------------------------------------------------------------------------
annual report
26.03.2010
Today, the Management and Supervisory Board of Syzygy AG resolved to propose a dividend of 20 cents at the Annual General Meeting. This is an increase of 5 cents or 33 percent compared to 2009.
In the period under review, Syzygy´s dynamic growth was hampered due to the weak British Pound and the general economic situation. Gross sales of EUR 80.5 million, including the media turnover from the online marketing agencies, were level with last year.
The ongoing weakness of the British Pound had a particularly negative impact on net sales, which were down 9 percent to EUR 28.8 million. Assuming a constant rate of exchange (GBP/EUR), a reduction of 4 percent would have been recorded.
Operating profit (EBITA) fell by 31 percent to EUR 3.6 million. Net income amounted to EUR 3.3 million.
Earnings per share of 28 cents were generated, whereas not-liquidity-related accounting effects in long-term liabilities burdened the outcome by 2 cents per share at the end of period. The Management and Supervisory Board will propose a dividend of 20 cents per share.
Liquid funds and securities amounted to EUR 20.5 million, corresponding to a cash portion of EUR 1.70 per share. With EUR 0.2 million, operating cash flow was below last year´s figure of EUR 9.5 million.
It is expected that Syzygy Group will grow in the current financial year. For 2011, Syzygy is confident to deliver double-digit growth again.
| |2009 |2008 | | | |EUR`000 |EUR`000 |Diff. | |Gross Sales |80,487 |81,123 |-1% | |Net Sales |28,833 |31,707 |-9% | |EBITA |3,556 |5,163 |-31% | |EBITA margin |12% |16% |-4pp | |Net income |3,331 |4,267 |-22% | |Earnings per share |EUR 0.28|EUR 0.30|-6% |
The Annual Report will be issued on March 31, 2010 and can be downloaded under http://www.syzygy.net in the Investor Relations section.
end of announcement 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, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
Original content of: SYZYGY, transmitted by news aktuell