Syzygy AG

EANS-Adhoc: Syzygy AG: Earnings per share improve by 21 %
weak pound hampers growth

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6-month report

22.07.2009

In spite of recession, Syzygy AG was able to improve gross sales by 10 per cent to EUR 39.6 m in the period under review. Compared to the first half of 2008, net sales showed an increase of 1 per cent to EUR 15 m. If the exchanged rate GBP / EUR had remained constant, growth of 18 per cent in gross sales and 8 per cent in net sales would have been recorded.

Due to higher costs of revenues, operating income (EBITA) was down 15 per cent to EUR 2.1 m (previous year: EUR 2.5 m). The EBITA- margin fell by 3 percentage points to 14 per cent.

At EUR 542,000, the financial income improved by 5 per cent. The net income of EUR 2.1 m equals last year`s figure. As there were no minority interests in the period under review, earnings per share improved by 21 per cent or 3 Cent to EUR 0.17.

In the second quarter, the payment of dividends and the fulfillment of payment obligations from former acquisitions amounted to a cash outflow of EUR 7.4 m. As a result, liquid funds and securities reduced by 29 per cent and totalled to EUR 17.8 m. This corresponds to a cash portion of EUR 1.47 per share.

@@start.t2@@|                          |H1-2009    |H1-2008 |Diff. |Q2-2009 |Q2-2008 |Diff. |
|Gross sales         |39,560      |35,868  |10%    |20,540  |19,061  |8%      |
|(EUR`000)            |                |            |         |            |            |         |
|Net sales            |14,988      |14,835  |1%      |7,505    |7,635    |-2%    |
|(EUR`000)            |                |            |         |            |            |         |
|EBITA (EUR`000)  |2,131        |2,508    |-15%  |1,026    |1,285    |-20%  |
|EBITA-margin        |14%          |17%        |-3pp  |14%        |17%        |-3pp  |
|Financial income |542          |514        |5%      |272        |246        |11%    |
|(EUR`000)            |                |            |         |            |            |         |
|Net income          |2,054        |2,055    |-        |1,061    |1,033    |3%      |
|(EUR`000)            |                |            |         |            |            |         |
|EPS (EUR)            |0.17         |0.14      |21%    |0.09      |0.07      |29%    |@@end@@

Syzygy AG is not anticipating an improvement of the general economic setting in the second half of 2009. Important advertisers of the automotive industry and the financial services sector are restrictive in their advertising investments. In spite of this, Syzygy is expecting to raise earnings per share by 10 per cent to EUR 0.33 in 2009.

The quarterly report will be issued on July 31, 2009 and can be downloaded at http://www.syzygy.net in the Investor Relations section.

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ots Originaltext: Syzygy AG
Im Internet recherchierbar: http://www.presseportal.ch

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, Technologie All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              Hannover / free trade
              München / free trade



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