Syzygy AG

EANS-News: SYZYGY AG
Sales grow by 11 per cent in Q2
tax effect raises earnings per share to EUR 0.57


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quarterly report


Bad Homburg (euro adhoc) - In the second quarter 2012, SYZYGY Group generated
sales of EUR 7.9 million, an
11 per cent rise compared to Q2-2011. The Germany segment performed
particularly well: Strong business with existing as well as renowned new
clients resulted in sales growth of 18 per cent.
Due to investments in the expansion of SYZYGY Group, operating income was down
25 per cent to EUR 0.6 million. Financial income amounted to EUR 0.3 million
(+4%).

In Q2-2012, income before taxes decreased by 18 per cent to EUR 0.9 million.
Due to tax effects resulting from successful judicial proceedings on the
recognition of impairment losses on foreign subsidiaries, net income was up 915
per cent to EUR 7.3 million. As a result, SYZYGY reports earnings per share of
EUR 0.57.

For the current financial year, SYZYGY Group aims at a significant sales growth
and expects an operating income on last year's level. Furthermore, SYZYGY
expects earnings per share to reach EUR 0.72 in 2012.


|                |Q2-2012 |Q2-2011 |Change  |H1-2012 |H1-2011 |Change  |
|Sales           |7,869   |7,107   |+11%    |15,346  |14,530  |+6%     |
|(EUR'000)       |        |        |        |        |        |        |
|EBIT (EUR'000)  |611     |811     |-25%    |1,393   |1,632   |-15%    |
|EBIT margin     |8%      |11%     |-3pp    |9%      |11%     |-2pp    |
|Financial       |262     |251     |+4%     |492     |543     |-9%     |
|income (EUR'000)|        |        |        |        |        |        |
|Net income      |7,287   |718     |+915%   |8,017   |1,508   |+432%   |
|(EUR'000)       |        |        |        |        |        |        |
|Earnings per    |0.57    |0.06    |+850%   |0.63    |0.12    |+425%   |
|share (EUR)     |        |        |        |        |        |        |

The quarterly report will be issued on August 2, 2012, and can be downloaded at
http://www.ir.syzygy.co.uk/default3_and_fz_menu=financial_reports_2012.aspx


Further inquiry note:
Katrin Schreyer
Telefon: +49/6172-9488251
E-Mail: ir@syzygy.net

end of announcement                               euro adhoc 
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company:     Syzygy AG
             Im Atzelnest  3
             D-61352 Bad Homburg
phone:       +49(0)6172 9488-100
FAX:         +49(0)6172 9488-272
mail:     ir@syzygy.net
WWW:      http://www.syzygy.net
sector:      Online
ISIN:        DE0005104806
indexes:     CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English
 

 

 



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