Syzygy AG

EANS-Adhoc: Syzygy AG
Gross sales grow by 38%, operating income increases by 53%

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annual report


@@start.t2@@|                    |2008      |2007      |          |
|                    |in kEUR |in kEUR |YoY      |
|Gross sales  |81,123  |58,576  |38%      |
|Net sales      |31,707  |27,351  |16%      |
|EBITA            |5,163    |3,372    |53%      |
|EBITA-margin |16%        |12%        |4 pp    |
|Net income    |4,267    |3,213    |33%      |
|Earnings per |            |            |          |
|share            |EUR 0.30|EUR 0.21|43%      |

Syzygy AG was able to continue its positive development in 2008. Gross sales, which include the transitory costs of the online marketing agencies, were up 38@@end@@

per cent to kEUR 81,123. Net sales rose by 16 per cent to kEUR 31,707. The strength of the euro against sterling had a significant negative impact on the organic growth. If the exchange rate had remained constant, net sales would have gone up 24 per cent.

Due to a very good fourth quarter, operating income (EBITA) amounted to kEUR 5,163, exceeding last year´s figure by 53 per cent. Net income rose by 33 per cent to kEUR 4,267 as against kEUR 3,213 in 2007. Earnings per share were EUR 0.30, exceeding the forecast of EUR 0.28 and improving last year´s result by 43 per cent. The Management and Supervisory Board will propose an ordinary dividend of EUR 0.15 per share to the General Meeting, a 50 per cent increase compared to 2008.

Liquid funds and securities were at kEUR 26,214, which corresponds to a current cash portion of EUR 2.17 per share. The operating cash flow amounted to kEUR 9,548, representing a significant increase to last year´s figure of kEUR 2,685.

In spite of the difficult general economic setting, it is expected that Syzygy Group will continue to grow in the current financial year.

The Annual Report will be issued on March 31, 2009 and can be downloaded at in the Investor Relations section.

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ots Originaltext: Syzygy AG
Im Internet recherchierbar:

Further inquiry note:
Katrin Schreyer
Telefon: +49/6172-9488251

Branche: Online
ISIN:      DE0005104806
WKN:        510480
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 Hannover / free trade
              Börse München / free trade

Weitere Meldungen: Syzygy AG

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