EANS-Adhoc: Synaxon AG reports preliminary figures for the nine-month period 2010
Increased profit forecast

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9-month report


SYNAXON AG ISIN DE0006873805 / WKN 687 380

Ad-hoc announcement in accordance with §15 WpHG [German Securities Trading Act]

Synaxon AG reports preliminary figures for the nine-month period 2010 / Increased profit forecast

On the basis of preliminary figures, the sales revenue of Synaxon AG rose by 47.4 % to EUR 14,720,000 in the first nine months of 2010 (previous year EUR 9,987,000), primarily as a result of strong growth in online commercial operations. Operating income (EBIT) amounted to EUR 684,000 as of September 30, 2010 (previous year: EUR 699,000); the profit for the period was EUR 456,000 (previous year: EUR 473,000), corresponding to earnings per share of EUR 0.13 (previous year: EUR 0.14). The company is thus already beating the forecast for the whole of fiscal year 2010 after only nine months. This provided for a forecast EBIT of EUR 200,000 - 300,000 as a result of increased investment, above all in the online business. The Group benefitted from a significant upturn in demand for IT products in the third quarter, with a simultaneous stabilization in the price level, which had a positive effect on the development of the retail cooperative business and on online selling. On the basis of the nine-month figures and the continuing fundamentally positive market prospects, the management board is raising its profit forecast for 2010. It now anticipates an EBIT figure of between EUR 800,000 and EUR 900,000 for the whole year. However, if business goes well at Christmas it believes that the company may achieve an even higher profit.

The complete interim financial report with final figures for the period ending September 30, 2010, will be published on November 30, 2010.

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Further inquiry note: Investor Relations Tel.: +49 521/ 96 96-292 E-Mail:

Branche: Hardware
ISIN:      DE0006873805
WKN:        687380
Index:    CDAX
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / free trade

Weitere Meldungen: SYNAXON AG

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