SinnerSchrader AG

EANS-News: SinnerSchrader grows by 29.1 per cent in 2010/2011 financial year / Dividend to be increased by 25 per cent
SinnerSchrader planning marked rise in profits for 2011/2012

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annual report


Hamburg, 8 November 2011 (euro adhoc) - SinnerSchrader ended the 2010/2011
financial year (1 September 2010 to 31 August 2011) with net revenue of
EUR 30.9 million and an operating result (EBITA) of EUR 2.6 million. In
comparison to the previous year, SinnerSchrader increased its revenue by
EUR 7 million or 29.1 per cent and increased its EBITA by EUR 0.4 million or
19.5 per cent. Net income rose by 15.9 per cent to just under EUR 1.3 million or
11.4 cents per share. The audited Consolidated Financial Statements approved by
the Supervisory Board at its meeting yesterday, which are being presented today,
confirm the provisional figures of 13 October 2011.

SinnerSchrader has thus greatly exceeded the growth objectives set for
2010/2011. The good economic development in Germany and the steady move towards
digital marketing ensured high demand for the SinnerSchrader Group´s services
in the financial year just completed, particularly in the Interactive Marketing
segment. Many new customers acquired in the 2009/2010 and 2010/2011 financial
years contributed to revenue growth of EUR 5.4 million in this segment alone
against the backdrop of stable business with existing customers and have
enabled SinnerSchrader to gain a good position in the insurance industry, and
with luxury brands and food retailers.

As announced, SinnerSchrader also consistently advanced the expansion of its
service portfolio, thus investing in future growth. In the 2010/2011 financial
year, the creative agency Haasenstein was launched and the retargeting network
mementoo was developed and introduced on the market. Furthermore,
SinnerSchrader took over TIC-mobile GmbH (now SinnerSchrader Mobile GmbH), a
specialist for mobile apps, and two agencies with a technical focus on
developing online shops based on Magento technology.

These growth initiatives burdened the total operating result by around
EUR 1.5 million. Without these encumbrances, the EBITA would have been above
EUR 4 million and the EBITA margin would have been 13.3 per cent. Including the
expansion costs, the operating margin in the 2010/2011 financial year was
8.5 per cent.

Due to the rise in revenue, the investments in growth and resumed tax payments,
the liquidity reserve fell in the financial year by EUR 2.5 million to
EUR 5.7 million as of 31 August 2011. The equity ratio on the balance sheet date
was a good 59 per cent. At the end of August 2011, the SinnerSchrader Group had
400 employees, 13 of whom were apprentices.

In spite of a clearly slowing economy in Germany, SinnerSchrader sees good
opportunities for double-digit growth in the current financial year as well.
However, in contrast to the previous year, the focus is to be on the profit
development: For 2011/2012 SinnerSchrader has set itself the goal of revenue
growth of 15 per cent to around EUR 35.5 million, an improvement in the EBITA of
25 per cent to more than EUR 3.25 million and a rise in the net income of 33 per
cent to EUR 1.7 million. So far, the current turbulence concerning state
indebtedness in the Euro region have not had any noticeable effect on business
conducted by SinnerSchrader, but the forecasts are subject to the proviso that
the crisis does not give rise to major economic upheavals.

Against the background of the success in the 2010/2011 financial year and in
view of the fundamentally positive outlook, the Management Board and
Supervisory Board propose that the Annual General Meeting on 15 December 2011
increase the dividend by 25 per cent over the previous year, from 8 cents to
10 cents per share. This amount will presumably once again be paid from the tax
deposit account and would therefore be tax-free for those with minor holdings.
SinnerSchrader is also planning to include shareholders in the positive
development of the net profit per share by increasing the dividend in the years
ahead.

The Consolidated Financial Statements and the Annual Report of SinnerSchrader
AG can be viewed from today on SinnerSchrader´s investors´ website, at
www.sinnerschrader.ag. The complete Annual Report will probably be published on
the same website on 30 November 2011.


About SinnerSchrader

SinnerSchrader is one of the leading digital agencies in Europe. SinnerSchrader
develops interactive strategies, platforms, and applications which create
radical relationships between consumers and brands. The SinnerSchrader Group
has around 400 employees in Hamburg, Frankfurt am Main, Berlin, and Hanover who
work for customers such as Allianz, TUI, Tchibo, simyo, REWE, comdirect bank,
PPR Group, OTTO, and Steigenberger. SinnerSchrader was founded in 1996 and has
been quoted on the stock exchange since 1999.


Contact for press and public relations

Benjamin Nickel
Head of Corporate Communications
presse@sinnerschrader.com

Contact for shareholder information

Thomas Dyckhoff
CFO
ir@sinnerschrader.com

SinnerSchrader Aktiengesellschaft
Völckersstr. 38
D-22765 Hamburg
T. +49. 40. 39 88 55-0


Further inquiry note:
Thomas Dyckhoff
CFO
Telefon: +49(0)40 398855-113
E-Mail: t.dyckhoff@sinnerschrader.de

end of announcement                               euro adhoc 
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company:     SinnerSchrader AG
             Völckersstraße 38
             D-22765 Hamburg
phone:       +49(0)40-398855-0
FAX:         +49(0)40-398855-55
mail:     info@sinnerschrader.de
WWW:      http://www.sinner-schrader.de
sector:      Software
ISIN:        DE0005141907
indexes:     CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, München 
language:   English
 



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