SinnerSchrader AG

SinnerSchrader: 2006/2007 financial year starts with a successful first quarter / 22 per cent revenue growth, 7 per cent operating margin

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Hamburg (euro adhoc) - Corporate News 11 January 2007

SinnerSchrader started the 2006/2007 financial year with a good first quarter. From 1 September 2006 to 30 November 2006, SinnerSchrader achieved revenues of E 4.8 million, thus surpassing the revenues of the first quarter of the previous year by 22 per cent. The dynamic growth was accompanied by a further reduction of the fixed cost basis thanks to the move to new offices as of 31 July 2006. This enabled SinnerSchrader to double its operating result (EBITA) compared to the previous year to E 336,000. The operating margin rose by 2.8 percentage points to reach 7 per cent. In the first quarter of 2006/2007, the consolidated income amounted to E 241,000, or E 0.02 per share, compared to E 124,000, or E 0.01 per share, one year earlier.

Over 20 per cent of the revenues in the first quarter came from companies which were not yet SinnerSchrader customers a year ago. These included Arena and OTTO, as well as Ecco, which became a customer in the first quarter. This shows the new momentum of the market for Internet services and reveals the good position that SinnerSchrader occupies in this market.

"The Internet finally achieved its breakthrough in 2006," said CEO Matthias Schrader. "Budgets are being shifted massively in the direction of interactive marketing. This trend towards the Web will benefit our industry as a whole, and not least SinnerSchrader."

SinnerSchrader is banking on innovative projects. For OTTO, SinnerSchrader is currently working with Microsoft to develop an online shop based on the new Windows Vista operating system. The new shop will be presented as a reference project when Vista is launched on the market at the end of January.

As of 30 November 2006, SinnerSchrader had a liquidity reserve of E 10.4 million, which is a good E 0.4 million higher than on 31 August 2006. The equity ratio was 76 per cent.

@@start.t2@@|                                                         |1st quarter |4th quarter |1st quarter |
|                                                         |2006/2007    |2005/2006    |2005/2006    |
|Revenues (E 000s)                              |4,778          |4,156          |3,925          |
|Gross profit (E 000s)                        |1,346          |1,203          |1,255          |
|EBITDA (E 000s)                                 |435              |329              |303              |
|EBITA (E 000s)                                  |336              |218              |166              |
|Net income (E 000s)                          |241              |790              |124              |
|Net income per share (E)                  |0.02            |0.07            |0.01            |
|                                                         |                  |                  |                  |
|                                                         |30.11.2006  |31.08.2006  |30.11.2005  |
|Liquid funds and securities (E 000s)|10,418         |10,005         |10,249         |
|Employees (end of period)                 |155              |143              |130              |@@end@@

About SinnerSchrader SinnerSchrader has been a pioneer of innovative e-business since 1996. It is currently one of Germany's biggest e-business service providers. The company has 155 employees at its offices in Hamburg and Frankfurt, and has been listed since 1999.

Contact: SinnerSchrader Aktiengesellschaft

Kirsten Schütt Investor Relations T +49. 40. 39 88 55-150, F +49. 40. 39 88 55-100 E-mail:

Martin Recke Unternehmenskommunikation T +49. 40. 39 88 55-181, F +49. 40. 39 88 55-100 E-mail:

@@start.t3@@end of announcement                                                 euro adhoc 11.01.2007 08:10:35

ots Originaltext: SinnerSchrader AG
Im Internet recherchierbar:

Further inquiry note:
Kirsten Schütt
Vorstandsassistenz und IR
Telefon: +49 (40) 398855-150

Branche: Software
ISIN:      DE0005141907
WKN:        514190
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade

Weitere Meldungen: SinnerSchrader AG

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