SinnerSchrader AG

EANS-News: SinnerSchrader intends to further accelerate the pace of growth in 2010/2011

Final figures for 2009/2010 confirm successful financial year

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annual report/Earnings Forecast

Subtitle: Final figures for 2009/2010 confirm successful financial year

Hamburg (euro adhoc) - SinnerSchrader ended the 2009/2010 financial year (1 September 2009 to 31 August 2010) with net revenue of EUR 23.9 million and an operating result (EBITA) of EUR 2.2 million. In comparison to the previous year, SinnerSchrader increased its revenue by EUR 3 million or 14.3 per cent and boosted EBITA by EUR 0.75 million or 51.7 per cent. With this result, SinnerSchrader met its revenue goals and actually exceeded the EBITA plans. The operative margin improved to 9.1 per cent, after 6.9 per cent in the previous year.

The setting up of the new business fields of adserving and e-commerce outsourcing resulted in operative start-up losses in the amount of EUR 1.25 million in 2009/2010 without which EBITA would have been EUR 3.45 million or 14.4 per cent of the net revenue. In the 2008/2009 financial year, SinnerSchrader bore start-up costs of EUR 1.0 million.

The audited Consolidated Financial Statements approved by the Supervisory Board, which are being presented today, confirm the provisional figures of 14 October 2010, thus substantiating the record figures of the fourth quarter of 2009/2010 - net revenue of EUR 6.8 million and EBITA of EUR 1.1 million. Thanks to welcome success in acquiring new customers, SinnerSchrader was able to boost net revenue and EBITA by 27.0 per cent and 73.0 per cent respectively in the fourth quarter.

The Group net income assigned to the SinnerSchrader shareholders was EUR 1.1 million or 10 cents per share in the 2009/2010 financial year. It was EUR 0.1 million or 1 cent per share less than in the previous year because positive one-off effects in the financial result and in income tax from the previous year no longer apply and the amortisation charges for acquisitions rose. As of 31 August 2010 the liquidity reserve had risen by EUR 0.3 million to EUR 8.3 million. As of the balance sheet date, the equity ratio was 60 per cent. At the end of August 2010, the SinnerSchrader Group had 305 employees, 19 of whom were apprentices.

In view of the conducive economic environment and the advancing digitisation of marketing, SinnerSchrader sees considerable opportunities for growth for the current 2010/2011 financial year. These should be seized to up the growth pace once again. SinnerSchrader is thus expecting organic net revenue growth of 15 to 20 per cent in the 2010/2011 financial year and an equally marked increase in EBITA. A positive operative development would once again result in a noticeable improvement in the net income of the 2010/2011 financial year.

Against this background, the Management Board and the Supervisory Board are proposing to the Annual General Meeting of 16 December 2010 an unchanged dividend of 8 cents per share. This amount would again be serviced from the tax deposit account and would therefore be tax-free for those with minor holdings. An improvement in net income in the 2010/2011 financial year would give scope for an increase in the dividend.

At its Balance Sheet Meeting, the Supervisory Board appointed Matthias Schrader, one of the two founders of the SinnerSchrader Group and sole Chairman of the Management Board of SinnerSchrader AG since September 2002, to the role of Chairman of the Management Board for a further five years until 31 December 2015.

The Consolidated Financial Statements and the Financial Statements can be viewed from today on SinnerSchrader's investor website at The complete Annual Report will be published in the same place, probably on 18 November 2010.

About SinnerSchrader

SinnerSchrader is one of the leading digital agencies in Germany. SinnerSchrader develops interactive strategies, platforms, and applications which create radical relationships between consumers and brands. The SinnerSchrader Group has over 300 employees in Hamburg and Frankfurt am Main who work for customers such as TUI, Tchibo, simyo, REWE, comdirect bank, Gucci Group, OTTO, mobilcom-debitel, and Steigenberger. SinnerSchrader was founded in 1996 and has been quoted on the stock exchange since 1999.

end of announcement                               euro adhoc

Further inquiry note:

SinnerSchrader Aktiengesellschaft

Thomas Dyckhoff, CFO
T. +49. 40. 39 88 55-0

Benjamin Nickel, Corporate Communications
T. +49. 40. 39 88 55-542

F. +49. 40. 39 88 55-100

Branche: Software
ISIN: DE0005141907
WKN: 514190
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

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