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SinnerSchrader AG

EANS-News: SinnerSchrader intends to further accelerate the pace of growth in 2010/2011

Hamburg (euro adhoc) -

Final figures for 2009/2010 confirm successful financial year
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
annual report/Earnings Forecast
Subtitle: Final figures for 2009/2010 confirm successful financial 
year
SinnerSchrader ended the 2009/2010 financial
year (1 September 2009 to 31 August 2010) with net revenue of EUR 
23.9 million and an operating result (EBITA) of EUR 2.2 million. In 
comparison to the previous year, SinnerSchrader increased its revenue
by EUR 3 million or 14.3 per cent and boosted EBITA by EUR 0.75 
million or 51.7 per cent. With this result, SinnerSchrader met its 
revenue goals and actually exceeded the EBITA plans. The operative 
margin improved to 9.1 per cent, after 6.9 per cent in the previous 
year.
The setting up of the new business fields of adserving and e-commerce
outsourcing resulted in operative start-up losses in the amount of 
EUR 1.25 million in 2009/2010 without which EBITA would have been EUR
3.45 million or 14.4 per cent of the net revenue. In the 2008/2009 
financial year, SinnerSchrader bore start-up costs of EUR 1.0 
million.
The audited Consolidated Financial Statements approved by the 
Supervisory Board, which are being presented today, confirm the 
provisional figures of 14 October 2010, thus substantiating the 
record figures of the fourth quarter of 2009/2010 - net revenue of 
EUR 6.8 million and EBITA of EUR 1.1 million. Thanks to welcome 
success in acquiring new customers, SinnerSchrader was able to boost 
net revenue and EBITA by 27.0 per cent and 73.0 per cent respectively
in the fourth quarter.
The Group net income assigned to the SinnerSchrader shareholders was 
EUR 1.1 million or 10 cents per share in the 2009/2010 financial 
year. It was EUR 0.1 million or 1 cent per share less than in the 
previous year because positive one-off effects in the financial 
result and in income tax from the previous year no longer apply and 
the amortisation charges for acquisitions rose. As of 31 August 2010 
the liquidity reserve had risen by EUR 0.3 million to EUR 8.3 
million. As of the balance sheet date, the equity ratio was 60 per 
cent. At the end of August 2010, the SinnerSchrader Group had 305 
employees, 19 of whom were apprentices.
In view of the conducive economic environment and the advancing 
digitisation of marketing, SinnerSchrader sees considerable 
opportunities for growth for the current 2010/2011 financial year. 
These should be seized to up the growth pace once again. 
SinnerSchrader is thus expecting organic net revenue growth of 15 to 
20 per cent in the 2010/2011 financial year and an equally marked 
increase in EBITA. A positive operative development would once again 
result in a noticeable improvement in the net income of the 2010/2011
financial year.
Against this background, the Management Board and the Supervisory 
Board are proposing to the Annual General Meeting of 16 December 2010
an unchanged dividend of 8 cents per share. This amount would again 
be serviced from the tax deposit account and would therefore be 
tax-free for those with minor holdings. An improvement in net income 
in the 2010/2011 financial year would give scope for an increase in 
the dividend.
At its Balance Sheet Meeting, the Supervisory Board appointed 
Matthias Schrader, one of the two founders of the SinnerSchrader 
Group and sole Chairman of the Management Board of SinnerSchrader AG 
since September 2002, to the role of Chairman of the Management Board
for a further five years until 31 December 2015.
The Consolidated Financial Statements and the Financial Statements 
can be viewed from today on SinnerSchrader's investor website at 
www.wkn514190.de. The complete Annual Report will be published in the
same place, probably on 18 November 2010.
About SinnerSchrader
SinnerSchrader is one of the leading digital agencies in Germany. 
SinnerSchrader develops interactive strategies, platforms, and 
applications which create radical relationships between consumers and
brands. The SinnerSchrader Group has over 300 employees in Hamburg 
and Frankfurt am Main who work for customers such as TUI, Tchibo, 
simyo, REWE, comdirect bank, Gucci Group, OTTO, mobilcom-debitel, and
Steigenberger. SinnerSchrader was founded in 1996 and has been quoted
on the stock exchange since 1999.
end of announcement                               euro adhoc

Further inquiry note:

SinnerSchrader Aktiengesellschaft

Thomas Dyckhoff, CFO
T. +49. 40. 39 88 55-0

Benjamin Nickel, Corporate Communications
T. +49. 40. 39 88 55-542

E-Mail: ir@sinnerschrader.com
F. +49. 40. 39 88 55-100

Branche: Software
ISIN: DE0005141907
WKN: 514190
Index: CDAX, Prime All Share, Technology 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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