Syzygy AG

Earnings Release • Apr 30, 2002

News Details

Ad-hoc | 30 April 2002 08:33

Syzygy AG english

syzygy AG publishes figures for first quarter 2002 Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– syzygy AG publishes figures for first quarter 2002: – Sales on previous year’s level, EBITDA result affected by restructuring measures – Reorganisation of Managing Board during first quarter – Liquid funds on unchanged high level of EUR 54.2 million Frankfurt, 30 April 2002 syzygy achieved sales of EUR 4.0 million (previous year EUR 4.1 million) during the first quarter 2002. The German and British subsidiary contributed 41% each. The operating result before depreciation (EBITDA) amounted to EUR -0.9 million (previous year EUR -0.5 million), the result after taxes was EUR -0.4 million (previous year EUR -0.2 million). This corresponds to a loss per share of EUR -0.03 (previous year EUR -0.02). The comparatively more negative EBITDA result was primarily caused by the reorganisation of the Managing Board as well as one-time expenditure due to the reduction of the German subsidiary staff amounting to about EUR 0.6 million. Considering the decline in German sales the staff on site was reduced by about 10%. syzygy continues to have a high amount of liquid funds at its disposal, i.e. EUR 54.2 million or EUR 4.52 per share. An overview of company data is as follows: 1st quarter 2002 1st quarter 2001 diff. prev. 4th quarter 2001 year Sales revenues EUR 4.004 mill. EUR 4.051 mill. -1.2% EUR 4.219 mill. EBITDA EUR-0.941 mill. EUR 0.498 mill. +89% EUR-0.458 mill. EBITDA margin -23.5 % -12.3 % -13.3 Pp -10.9% Result for the EUR-0.398 mill. EUR-0.209 mill. -90.4% EUR-7.384 mill. period Profit per EUR-0.03 EUR-0.02 -50.0% EUR-0.62 share Liquid funds EUR 54.226 mill. EUR 54.384 mill. -0.3% EUR 54.582 mill. and securities Staff 154 174 -11.5% 166 syzygy maintains its annual forecast 2002 and expects, on basis of the persistently difficult market environment, sales on last year’s level and a return to operating profitability (EBITDA) during the 2nd six months of the year. 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: i.sorg@syzygy.net / http.//www.syzygy.net end of ad-hoc-announcement (c)DGAP 30.04.2002 ——————————————————————————– WKN: 510 480; ISIN: DE0005104806; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 300833 Apr 02