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EANS-News: SinnerSchrader AG
SinnerSchrader achieves 12 per cent growth in third quarter of 2008/2009
Full-year earnings forecast slightly adjusted downwards

Hamburg (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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balance/3rd Quarterly Report
In the third quarter of the 2008/2009
financial year (1 March to 31 May 2009), SinnerSchrader once again 
gained momentum after a weaker second quarter. Gross revenues grew by
12 per cent compared to the third quarter of 2007/2008 to reach EUR 
6.9 million. This growth was not positively influenced by any 
consolidation effect from the takeover of spot-media AG. Net revenues
reached EUR 5.1 million.
Incoming orders increased by almost 15 per cent compared to the 
previous quarter and were 6 per cent higher than in the same quarter 
of the previous year.
The positive revenue development caused the operating result (EBITA) 
to increase by EUR 0.4 million compared to the previous quarter to 
reach EUR 0.5 million. This was nearly the same level as in the 
previous year, although SinnerSchrader still carried preparatory 
costs of around EUR 0.2 million for the establishment of new fields 
of business in the third quarter of 2008/2009.
One of the milestones in the establishment of these business fields 
was the foundation in May 2009 of next commerce GmbH, which has 
already acquired a customer from the fashion industry with its 
portfolio of e-commerce outsourcing services. With the takeover of 
newtention technologies GmbH, SinnerSchrader additionally acquired 
leading ad-serving technology to expand its own performance marketing
business.
In the first nine months of the 2008/2009 financial year, 
SinnerSchrader's gross revenues increased by 18 per cent compared to 
the same period of the previous year, including positive 
consolidation effects from the first half- year, to reach EUR 20.8 
million (EUR 15.5 million net). Despite accumulated preparatory costs
for the establishment of new fields of business amounting to EUR 0.4 
million, the EBITA reached EUR 1.2 million. In the previous year, the
operating result after the first nine months was nearly EUR 1.4 
million.
The accumulated consolidated income for the reporting period came to 
EUR 0.8 million, or EUR 0.07 per share, compared to EUR 1.2 million, 
or EUR 0.10 per share in the previous year. A significant decline in 
earnings from the investment of liquid funds as well as the planned 
amortisation of intangible assets from acquisitions hampered this 
development.
In light of the development in the first nine months, the forecasted 
increase in revenues compared to the 2007/2008 financial year can be 
emphatically confirmed. However, as regards the operating result 
before investments in the establishment of new fields of business, 
the goal of an increase compared to the previous year appears 
increasingly unlikely, despite the positive development in the third 
quarter, since the shortfall from the second quarter could only be 
made up with an extraordinarily good fourth quarter and the overall 
economic situation continues to restrain order clearance.
SinnerSchrader currently expects gross revenues for the financial 
year to exceed EUR 27 million and EBITA to reach a level of EUR 1.5 
million with preparatory costs amounting to EUR 0.5 millon. The 
dividend payout for the financial year will be adjusted according to 
the final results for the year and is very likely to once again be 
tax free for minor shareholders.
The operating cash flows of the first nine months amounted to a good 
EUR 1.9 million. Due to investments, the dividend payment, and the 
stock repurchase programme, the liquidity reserve as of 31 May 2009 
was EUR 7.7 million, or EUR 1.3 million below the value of 31 August 
2008. The equity ratio was 61.5 per cent as of 31 May 2009.
The entire quarterly report can be downloaded from the Internet at 
http://www.wkn514190.de/s2ir/de/Finanzberichte.html from 3:00 p.m. 
today.
About SinnerSchrader
SinnerSchrader is one of the leading interactive agencies in Germany.
SinnerSchrader develops interactive customer experiences that 
radically deepen the relationships between brands and consumers. 
SinnerSchrader was founded in 1996, has been quoted on the stock 
exchange since 1999, and has over 250 employees at its Hamburg and 
Frankfurt am Main sites.
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(0)40 398855-113
E-Mail: t.dyckhoff@sinnerschrader.de

Branche: Software
ISIN: DE0005141907
WKN: 514190
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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