Syzygy AG

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

-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 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. end of announcement euro adhoc -------------------------------------------------------------------------------- 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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