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Syzygy AG

EANS-Adhoc: Syzygy AG
Growth and strong operating cash flow in Q3-2010

  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.
9-month report
26.10.2010
In the third quarter of 2010, Syzygy Group continued its positive 
development of the second quarter and generated growth in all key 
financial figures.
Due to new client wins in the online marketing sector, gross sales
were up one third to EUR 22.0 million. Net sales improved by seven
per cent to EUR 7.2 million year on year. Operating income
increased by 12 per cent to EUR 1.0 million. With a financial
result of EUR 0.4 million, net income amounted to EUR 1.0 million,
representing an improvement of five per cent as compared to Q3-
2009.
Results for the period from January until September 2010 were
affected by the weak first quarter: At EUR 20.8 million, net sales
were down four per cent, operating income fell by ten per cent from
EUR 3.0 million to EUR 2.7 million. Financial income of EUR 0.9
million resulted in net income of EUR 2.6 million (-14%),
representing earnings per share of EUR 0.21 (-16%).
Operating cash flow developed positively and increased to EUR 4.1
million by the balance sheet date (previous year: EUR -2.0
million).
As at September 30th, liquid funds and securities amounted to EUR
20.1 million, corresponding to a cash-portion of EUR 1.56 per
share.
|                |Q3-2010 |Q3-2009 |Diff. |9M-2010 |9M-2009 |Diff.|
|Gross sales     |21,940  |16,540  |33%   |64,479  |56,100  |15%  |
|(EUR`000)       |        |        |      |        |        |     |
|Net sales       |7,182   |6,695   |7%    |20,845  |21,683  |-4%  |
|(EUR`000)       |        |        |      |        |        |     |
|EBIT (EUR`000)  |1,009   |902     |12%   |2,717   |3,033   |-10% |
|EBIT margin     |14%     |13%     |+1pp  |13%     |14%     |-1pp |
|Financial       |360     |401     |-10%  |932     |943     |-1%  |
|income (EUR`000)|        |        |      |        |        |     |
|Net income      |963     |913     |5%    |2,553   |2,967   |-14% |
|(EUR`000)       |        |        |      |        |        |     |
|EPS (EUR)       |0.08    |0.08    |-     |0.21    |0.25    |-16% |
For the financial year 2010, Syzygy is confident to achieve
increased sales and a higher operating income. The Group expects to
generate earnings per share of EUR 0.28.
The quarterly report will be issued on October 28, 2010, and can be
downloaded at http://www.syzygy.net in the Investor Relations
section.
end of announcement                               euro adhoc

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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