euro adhoc: SinnerSchrader AG
quarterly or semiannual financial statement /
SinnerSchrader scales up plan for 2007/2008 after a good second quarter and the
successful acquisition of spot-media AG
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
6-month report
10.04.2008
After the first half of the 2007/2008 financial year, SinnerSchrader expects to be able to surpass its goals for the year as a whole. The Management Board now anticipates revenues of over Euro 22.5 million and an operating result (EBITA) on the order of Euro 2 million.
The original goals for the year were revenues of Euro 21 million and an EBITA between Euro 1.8 and 1.9 million. The new goals entail revenue growth of 21 per cent and an operating margin of 8.5 to 9 per cent. By these figures, SinnerSchrader buttresses the plan for a dividend payment of Euro 0.12 per share for the 2007/2008 financial year.
SinnerSchrader's goals have been revised as a result of the successful acquisition of spot-media AG at the start of February 2008 and positive business development in the second quarter of 2007/2008 (1 December 2007 to 29 February 2008). SinnerSchrader increased its revenues in the second quarter by over 31 per cent compared to the previous year to reach Euro 6 million and tripled its operating result to Euro 485,000.
For the first half of 2007/2008, therefore, SinnerSchrader's revenues grew by a good 22 per cent to reach Euro 11.5 million, and the EBITA rose by over 60 per cent to reach Euro 820,000. The operating margin increased to 8.1 per cent in the second quarter, coming in at 7.2 per cent for the first half-year. The takeover of spot-media AG, which was consolidated for the first time in the final month of the second quarter, contributed to this positive development.
Large orders from existing customers played a major role in the development of revenues in the entire first half of the year. The revenues and income of the first half-year were therefore higher than originally planned. SinnerSchrader also succeeded in acquiring new customers by winning first time orders from Deutsche Post and Scout24 in the first half of the fiscal year.
Incoming orders in both the second quarter and first half-year of 2007/2008 were 30 per cent higher than in the previous year. The liquidity reserve declined by Euro 1.7 million to reach Euro 8.8 million as of 29 February 2008 on account of the takeover of spot-media AG and the dividend paid in December 2007, among other things. The equity ratio dropped to 68 per cent.
| | |2nd | |2nd | |1st | |1st | | | |quarter | |quarter | |half-year | |half-year | | | |2007/2008 | |2006/2007 | |2007/2008 | |2006/2007 | |Gross revenues | | 6,019 | | 4,579 | |11,453 | | 9,357 | |Euro 000s) | | | | | | | | | |Gross profit | | 1,483 | | 1,179 | | 2,917 | | 2,525 | |(Euro 000s) | | | | | | | | | |EBITDA (Euro 000s) | | 615 | | 263 | | 1,070 | | 698 | |EBITA (Euro 000s) | | 485 | | 161 | | 820 | | 496 | |Consolidated income | | 413 | | 294 | | 734 | | 535 | |(Euro 000s) | | | | | | | | | |Consolidated income | | 0.04 | | 0.03 | | 0.06 | | 0.05 | |per share (Euro) | | | | | | | | | | | | | | | | | | | | | |29.02.2008| |30.11.2007| |29.02.2008| |31.08.2007| |Cash and cash | | | | | | | | | |(Euro 000s) | | 8,778 | |10,962 | | 8,778 | |10,450 | |Employees (final | | 222 | | 154 | | 222 | | 152 | |figure) | | | | | | | | |
end of ad-hoc announcement
About SinnerSchrader
SinnerSchrader is a leading interactive agency in Germany. SinnerSchrader develops interactive customer experiences which radically intensify the relationship between brands and consumers. SinnerSchrader was founded in 1996, has been listed on the stock exchange since 1999, and has over 200 employees in Hamburg and Frankfurt am Main.
Contact: SinnerSchrader Aktiengesellschaft
Thomas Dyckhoff, CFO T. +49. 40. 39 88 55-0
Martin Recke, Corporate Communication T. +49. 40. 39 88 55-181
E-mail: ir@sinnerschrader.de F. +49. 40. 39 88 55-100
end of announcement euro adhoc
Further inquiry note:
Thomas Dyckhoff
CFO
Telefon: +49 (40) 398855-150
E-Mail: k.schuett@sinnerschrader.de
Branche: Software
ISIN: DE0005141907
WKN: 514190
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade