Chat with Filing

Ask questions about this document

Please log in or register to use the chat feature. Please register first.

ER - SYZYGY AG: Annual results for 2019 - Sales of EUR 64.2 million with solid growth in the core German market

Company: Syzygy AG Date: 2020-01-31 Language: English Register to download

Loading document preview...

Document Preview Not Available

The file type (.html) cannot be displayed directly here.

Open Original File

Error loading document preview. Please try the 'Open Original File' link.

You're One Click Away From The Full Filing

Instantly access this document—and 2.8M more—for free. Select your preferred method:

Continue with Google Continue with Microsoft Continue with Facebook Continue with Amazon

 News Details

Corporate | 31 January 2020 07:56

#   

SYZYGY AG: Annual results for 2019 – Sales of EUR 64.2 million with solid growth in the core German market

DGAP-News: SYZYGY AG / Key word(s): Preliminary Results  

31.01.2020 / 07:56  

The issuer is solely responsible for the content of this announcement.  

Provisional figures for 2019 indicate that the SYZYGY Group generated sales of EUR 64.2 million, representing a slight decline of around 2 per cent compared to the previous year. The core German market again saw solid growth, with sales of approximately EUR 50 million and a strong EBIT margin of 15 per cent. In contrast, international sales were down around EUR 5 million to EUR 14 million. The loss of AVIS as a client in the US and the restructuring of the UK business had a negative impact of EUR 0.9 million on the financial year.

Operating income (EBIT) will come in at EUR 5.5 million, leading to a slight reduction in the Group’s EBIT margin from 9.2 per cent to 8.6 per cent. Financial income is slightly negative at EUR -0.3 million, meaning that total net income after taxes will be around EUR 3.8 million. Earnings per share will be approximately EUR 0.28.

The SYZYGY Group will remain focused on expansion in its successful core German market in the 2020 financial year and move to deepen interdisciplinary cooperation. To help achieve this, the German performance marketing and media services at the Hamburg and Munich locations will be brought together under the name SYZYGY Performance Marketing.

  

**Outlook**  

SYZYGY AG expects sales growth in the low single-digit percentage range in the 2020 financial year, combined with an increase in profitability compared to the previous year. Growth is expected to take place in Germany, while the international companies will see a single-digit percentage decline in sales and generate an EBIT margin in the mid single-digit range.  

The full annual report for 2019 will be available from March 30, 2020 at http://ir.syzygy.de.

  

**About the SYZYGY Group**

SYZYGY is a leading consultancy and implementation partner for transformation of marketing and sales. SYZYGY designs, creates and orchestrates digital experiences and products for brands, companies and people. The Group’s core services are strategy, products and activation, with technology as the connecting and scaling element.  

Founded in 1995, the SYZYGY Group employs some 600 people across four countries. It has offices in Bad Homburg, Berlin, Frankfurt, Hamburg, Munich, London, New York and Warsaw.  

In addition to the main brand, SYZYGY, and strategy consultancy firm diffferent, the Group includes Polish design studio Ars Thanea and consultancy USEEDS , which specialises in customer centricity. Its clients include prestigious brands such as Lufthansa, AVIS, BMW, comdirekt bank, Commerzbank, Daimler, Deutsche Bank, Kyocera, Mazda, Miles & More, o2, PayPal, Porsche, health insurer Techniker Krankenkasse and Volkswagen.  

Contact:  

Susan Wallenborn  

Investor & Public Relations Manager  

s.wallenborn@syzygy.de

  

- - -

31.01.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.  

The issuer is solely responsible for the content of this announcement.  

  

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.dgap.de  

- - -

|     |     |
| --- | --- |
| Language: | English |
| Company: | SYZYGY AG |
|     | Horexstraße 28 |
|     | 61352 Bad Homburg v.d.H. |
|     | Germany |
| Phone: | 06172 9488100 |
| E-mail: | info@syzygy.de |
| Internet: | www.syzygy.de |
| ISIN: | DE0005104806 |
| WKN: | 510480 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 964427 |

  

|     |     |
| --- | --- |
|     |     |
| End of News | DGAP News Service |

![show this](https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=964427&application_name=news&site_id=news_data)

Unlock Europe's Largest Financial Database—Free

Get instant access to over 2.8M filings from 8,970 companies across 44 markets. No cost. No hassle. Just results.