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SinnerSchrader AG

EANS-News: SinnerSchrader AG
SinnerSchrader grows by nearly 30 per cent in first quarter of 2010/2011
EBITA and net income double
spot-media takes over business of Maris Consulting

Hamburg, 13 January 2011 (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
3-month report
In the first quarter of
2010/2011 (1 September to 30 November 2010), SinnerSchrader generated
net revenues of EUR 7.7 million and thus expanded its business by 
29.5 per cent compared to the same period in the previous year. This 
very dynamic growth is also reflected in the development of the 
result: both the operating result (EBITA) and the net income doubled 
compared to the values of the previous year, reaching new record 
highs of EUR 1.2 million and EUR 0.8 million, respectively. The 
earnings per share amounted to EUR 0.07.
With the final figures for the first quarter of the 2010/2011 
financial year, SinnerSchrader has confirmed the preliminary figures 
announced at the Annual General Meeting on 16 December 2010. 
Revenues, EBITA, and net income also surpassed the record values of 
the final quarter of the previous year by 13, 6, and 16 per cent, 
respectively.
The good business development of the last financial year is thus 
continuing to gain momentum thanks to high demand. In light of stable
business with existing customers, this development is based primarily
on the remarkable success with which SinnerSchrader has managed to 
attract new customers to the Group over the past twelve months. Over 
27 per cent of net revenues in the first quarter were generated with 
customers with whom SinnerSchrader did not yet have a business 
relationship in the year before.
All segments contributed to the organic growth of revenues and 
earnings in the first quarter of 2010/2011. The Interactive Media 
segment developed particularly well. In the Interactive Marketing 
segment, spot-media AG has been strengthened in the current second 
quarter by taking over the business of the technically oriented Maris
Consulting GmbH on 1 January 2011. With this acquisition, the 
SinnerSchrader Group now has a location in Berlin. The acquired 
business is expected to make a positive contribution to revenues and 
EBITA in the remaining eight months of the 2010/2011 financial year.
Based on the welcome development of the first quarter, SinnerSchrader
has firmly underscored its forecast for the entire 2010/2011 
financial year of organic growth in revenues and EBITA of between 15 
and 20 per cent. If these business dynamics are maintained in the 
coming months, these targets may be surpassed.
Due to the resumption of tax payments in November 2010 and a 
growth-related increase in receivables vis-à-vis customers, the 
liquid funds temporarily declined in the period of the report by 
EUR 0.5 million to EUR 7.8 million on 30 November 2010. By the end of
the year, however, the liquid funds once again amounted to over 
EUR 9 million despite the dividend payment of EUR 0.9 million on 
17 December 2010.
The equity ratio was 61.3 per cent as of the balance sheet date 30 
November 2010. On that day, the SinnerSchrader Group had 322 
employees.
The entire quarterly report can be downloaded from the Internet at
www.wkn514190.de/s2ir/en/5091.html from 3:00 p.m. today.
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, 
Frankfurt am Main, and Berlin who work for customers such as TUI, 
Tchibo, simyo, REWE, comdirect bank, the 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:

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, 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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