Syzygy AG

Earnings Release • Jul 26, 2001

News Details

Ad-hoc | 26 July 2001 07:35

Syzygy AG english

Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– syzygy AG releases its preliminary results for the second Quarter 2001 – Back to operating profitability and positive Earnings per share (Eur 0.01)13% sales – growth compared to Q1 2001, 2.1% growth vs H1 2000 Bad Homburg, 26. July 2001 Due to today’s Annual General Meeting, syzygy AG, the pan-European eBusiness solutions provider, releases preliminary results for the first six months of 2001. The final and full set of quarterly and half yearly numbers will be released on Tuesday, 31.07.2001. In the second quarter of 2001 the company succeeded in growing sales by 13.1% compared to the first quarter of this year. This is a 2.8% decline on the second quarter of 2000. Sales for the first six months in 2001 are Eur 8.63m compared to Eur 8.45m for the comparable period of 2000, a growth rate of 2.1%. As planned, syzygy not only succeeded in reducing the loss of the first quarter, but regained operating profitability (EBITDA) as well as a positive net income for the second quarter. The cash reserve remains at Eur 53.2m. The preliminary figures for the group are as follows: (* pro forma) 2nd quarter 2001 2nd quarter 2000* previous year 1st quarter 2001 Sales Eur4.582 million Eur4.713million -2.8% Eur4.051million EBITDA EurO.024 million Eur0.713million -96.6% Eur-0.498million EBITDA margin 0.5% 15.1% -14.6pp -12.3% Result for EurO.062 million EurO.127 million -51.2% Eur-0.209million the period Earnings per Eur 0.01 n/a n/a Eur-0.02 share syzygy AG-The Management Board contact: syzygy AG-Joachim Sorg (Investor Relations) Im Atzelnest 3 61352 Bad Homburg/Germany Tel.: +49-6172/9488-100 Fax: +49-6172/9488-270 E-mail: j.sorg@syzygy.net http://www.syzygy.net end of ad hoc announcement (c) DGAP 26.07.2001 ——————————————————————————– WKN: 510 480; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 260735 Jul 01