Syzygy AG

Earnings Release • Oct 29, 2002

News Details

Ad-hoc | 29 October 2002 07:30

Syzygy AG english

syzygy AG released its 3Q02 figures: Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– syzygy AG released its 3Q02 figures: – Business trend above expectations – EBIT profitability achieved (3.5% yield) – EBT EUR 0.7m – Cash/cash equivalents up EUR 1.3m to EUR 54.7m/EUR 4.55 per share Frankfurt, October 29, 2002 syzygy achieved sales in 3Q02 of EUR 3.7m (previous year: EUR 4.0m), a rise of 12% against the previous quarter.* At EUR 0.1m (previous year: EUR 0.2m), EBIT was once again positive. Earnings after tax and after taking into account the one-off negative effect on the results of ending the French operations were EUR 0.3m (previous year: +EUR 0.4m). This is equivalent to EPS of EUR 0.02 (previous year: +EUR 0.03). The upward trend continued both at the German and at the British subsidiary, showing growth in sales compared to the previous quarter. Over the same period, tough cost management measures reduced production and administration costs by 2%. Both units stabilized their EBIT margins at a double-digit level. syzygy’s cash and cash equivalents rose by EUR 1.4m to EUR 54.7m or EUR 4.55 per share. In chart form the company’s figures look like this: 3Q02 3Q01 2Q02 Previous Quarter Sales revenues EUR 3.680m EUR 3.958m EUR 3.279m +12.2% EBIT EUR 0.129m EUR 0.180m -EUR 0.335m +EUR 0.5m EBIT margin +3,5% +4,5% -10,2% +13.7pp Result for the period EUR 0.268m EUR 0.350m -EUR 0.344m +13.6% EPS EUR 0.02 EUR 0.03 -EUR 0.03 0% Cash and marketable securities EUR 54.684m EUR 53.586m EUR 53.409m +EUR 1.3m Total cash flow -EUR 0.730m -EUR 2.350m -EUR 0.915m -EUR 0.2m No. of employees 119 128 111 +8 syzygy expects sales and operating results in 4Q02 to be on a level with those of the period under review. Contact: syzygy AG – Joachim Sorg – Investor Relations Im Atzelnest 3 – 61352 Bad Homburg Tel. +49-6172-9488-251 / Fax: +49-6172-9488-272 e-mail: j.sorg@syzygy.net / http://www.syzygy.net — * syzygy France deconsolidated, all comparative figures based on income statements are adjusted accordingly end of ad-hoc-announcement (c)DGAP 29.10.2002 ——————————————————————————– WKN: 510480; ISIN: DE0005104806; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart 290730 Okt 02