EANS-News: SYZYGY AG Sales growth and strong operating cash flow
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
9-month report
Bad Homburg (euro adhoc) - In the nine month under review, SYZYGY Group
generated sales of EUR 21.7 million, a 4 per cent increase as against 9M-2010.
Operating income was down 13 per cent to EUR 2.4 million due to
investments in the strategic and geographical expansion of the
Group.
Financial income reduced by one fifth to EUR 737,000. Net income of EUR
2.1 million represents a decrease of 16 per cent year-to-year.
Earnings per share were thus EUR 0.17 (-19%)
At EUR 5.7 million, the operating cash flow was particularly strong
in Q3 and amounted to EUR 759,000 at the end of the period.
As at balance sheet day, liquid funds and securities were EUR 19.0
million, corresponding to a cash-portion of EUR 1.48 per share.
| |Q3-2011 |Q3-2010 |Change |9M-2011 |9M-2010 |Change |
|Sales (EUR'000) |7,189 |7,182 |- |21,719 |20,845 |+4% |
|EBIT (EUR'000) |721 |1,009 |-29% |2,353 |2,717 |-13% |
|EBIT margin |10% |14% |-4pp |11% |13% |-2pp |
|Financial |194 |360 |-46% |737 |932 |-21% |
|income (EUR'000)| | | | | |
|Net income |626 |963 |-35% |2,134 |2,553 |-16% |
|(EUR'000) | | | | | | |
|EPS (EUR) |0.05 |0.08 |-38% |0.17 |0.21 |-19% |
In 2011, SYZYGY AG expects a modest increase in sales, while the
operating income will be below last year´s level. For 2012, SYZYGY
is planning for a clear double-digit growth in both sales and
operating income.
The 9-months-report will be issued on October 28, 2011, and can be
downloaded at
http://ir.syzygy.co.uk/default3_and_fz_menu=financial_reports_2011.aspx
Further inquiry note:
Katrin Schreyer
Telefon: +49/6172-9488251
E-Mail: ir@syzygy.net
end of announcement euro adhoc
--------------------------------------------------------------------------------
company: Syzygy AG
Im Atzelnest 3
D-61352 Bad Homburg
phone: +49(0)6172 9488-100
FAX: +49(0)6172 9488-272
mail: ir@syzygy.net
WWW: http://www.syzygy.net
sector: Online
ISIN: DE0005104806
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English