Syzygy AG

EANS-Adhoc: Syzygy AG
Second quarter operating income up 43% as against Q1-2010

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6-month report

27.07.2010

In the second quarter of 2010, Syzygy Group was able to improve results significantly as compared to Q1-2010: Net sales were up 6% at EUR 7.0 million and operating income rose by 43% to EUR 1.0 million. Financial income amounted to EUR 0.3 million (+10%). After income taxes, net income of EUR 0.9 million (+34%) remained, representing earnings per share of EUR 0.07.

In the first half year of 2010, Syzygy generated gross sales of EUR 42.5 million (+8%) and net sales of EUR 13.7 million (-9%). At EUR 1.7 million, operating income was a fifth below the previous year´s figure. Financial income was up 6% to EUR 0.6 million. Net income of EUR 1.6 million (-23%) corresponds to earnings per share of EUR 0.13.

Due to the payment of dividends and earn-out-obligations, liquid funds and securities reduced by EUR 3 million or 14% to EUR 17.6 million. This is equivalent to a cash portion of EUR 1.37 per share.

|                         |Q2-2010|Q1-2010|Diff. |H1-2010 |H1-2009 |Diff.|
|Gross sales        |21,202 |21,337 |-1%    |42,539  |39,560  |8%    |
|(EUR`000)          |          |          |         |            |            |        |
|Net sales          |7,043  |6,620    |6%    |13,663  |14,988  |-9%  |
|(EUR`000)          |          |            |        |            |            |        |
|EBIT (EUR`000)  |1,006  |702        |43%  |1,708    |2,131    |-20% |
|EBIT margin        |14%      |11%        |3pp  |13%        |14%        |-1pp |
|Financial income|300      |272        |10%  |572        |542        |6%    |
|(EUR`000)          |          |            |        |            |            |        |
|Net income         |910      |680        |34%  |1,590    |2,054    |-23% |
|(EUR`000)          |          |            |        |            |            |        |
|EPS (EUR)          |0.07    |0.06      |17%  |0.13      |0.17      |-24% |

For the second half of 2010, Syzygy expects an improvement of sales and significant growth in the operating income as compared to H1- 2010.

The quarterly report will be issued on July 29, 2010, 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, 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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