SinnerSchrader AG

SinnerSchrader confirms preliminary figures for 2005/2006 and announces 15 % growth in revenues and an EBITA of EUR 1.2 million for 2006/2007

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Hamburg (euro adhoc) - In its Annual Report submitted today, SinnerSchrader has confirmed its preliminary figures for the 2005/2006 financial year which were published on 9 October 2006. Revenues rose by 10.5 % compared to the previous year to reach EUR 15.8 million. The final operating earnings (EBITA) were EUR 0.6 million, up from EUR 0.2 million last year. The net income was more than twice as high as the previous year, amounting to EUR 1.2 million, or EUR 0.10 per share. SinnerSchrader thus met or surpassed its goals for the 2005/2006 financial year.

The liquidity reserve amounted to EUR 10.0 million at the end of the financial year on 31 August 2006. This was slightly below the previous year's figure of EUR 10.5 million due to an increase in capital expenditure. The equity ratio stood at 76.5 % (previous year: 75.2 %).

In light of the positive signals from its market environment, SinnerSchrader is planning for organic growth of 15 % and revenues of over EUR 18 million for the current 2006/2007 financial year. Thanks to a reduced fixed cost basis following the move to new office premises in Hamburg as of 1 August 2006, operating earnings will continue to grow at a disproportionately high rate to reach an anticipated EUR 1.2 million in 2006/2007, approximately twice the result achieved in 2005/2006.

The medium-term goal is still to attain an operating margin between 10 % and 12 % with double-digit organic growth annually. SinnerSchrader is banking on innovative projects to reach this goal. The most recent example of this is the cooperation with Microsoft and the mail-order company OTTO for the creation of a reference online shop built on the new Windows Vista operating system. Acquisitions to create additional options for growth also remain on the agenda.

@@start.t2@@|                                                    |FY          |FY            |4th         |4th          |
|                                                    |              |                |quarter  |quarter    |
|                                                    |2005/2006|2004/2005*|2005/2006|2004/2005*|
|                                                    |              |                |              |                |
|Gross revenues (EUR 000s)            |15,819    |14,315      |4,156      |3,815        |
|Gross profit (EUR 000s)                |4,609      |4,698        |1,203      |1,253        |
|EBITDA (EUR 000s)                         |1,152      |718          |329         |251          |
|EBITA (EUR 000s)                          |600         |177          |218         |111          |
|Net income (EUR 000s)                  |1,192      |544          |790         |312          |
|Net income per share (EUR)          |0.10        |0.05         |0.07        |0.03         |
|                                                    |              |                |              |                |
|                                                    |31.08.06 |31.08.05* |31.08.06 |31.08.05* |
|                                                    |              |                |              |                |
|Liquid funds and securities         |10,005    |10,570      |10,005    |10,570      |
|(EUR 000s)                                    |              |                |              |                |
|Employees (final figure)              |143         |130          |143         |130          |@@end@@

* Previous year's figures adjusted for IFRS

About SinnerSchrader SinnerSchrader has been a pioneer of innovative e-business since 1996. It is currently one of Germany's biggest e-business service providers. The company has 143 employees at its offices in Hamburg and Frankfurt, and has been listed since 1999.

Contact for press and public relations Martin Recke Head of Corporate Communications presse@sinnerschrader.de

Contact for shareholder information Kirsten Schütt Investor Relations ir@sinnerschrader.de

SinnerSchrader Aktiengesellschaft Völckersstr. 38 D-22765 Hamburg T. +49. 40. 39 88 55-0 F. +49. 40. 39 88 55-55

@@start.t3@@end of announcement                                                 euro adhoc 28.11.2006 08:21:56
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ots Originaltext: SinnerSchrader AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Kirsten Schütt
Investor Relations
Telefon: +49 (40) 398855-150
E-Mail: k.schuett@sinnerschrader.de

Branche: Software
ISIN:      DE0005141907
WKN:        514190
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade



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