Syzygy AG

Earnings Release • Oct 28, 2003

News Details

Ad-hoc | 28 October 2003 07:54

syzygy AG english

syzygy AG: Business trend according to plan in the first 9 months Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– * Sales of EUR 11.4 million, 11.4% growth year-on-year * EUR 609,000 EBIT, EUR 2.071 million consolidated profit * Liquid funds increased EUR 3.1 million to EUR 61.4 million / EUR 5.12 per share Frankfurt, October 28, 2003. syzygy generated EUR 3.8 million in sales in the 3rd quarter of 2003 (prior year: EUR 3.7 million); this is equal to 2.4% growth year-on-year. EBIT (earnings before interest and tax) stood at EUR 227,000, equivalent to an EBIT margin of 6.0%. Financial earnings were also increased from EUR 290,000 to EUR 904,000, resulting in an after-tax profit of EUR 739,000. This is equal to per-share earnings (EPS) of EUR 0.06 in the 3rd quarter of the current financial year. Despite what continues to be an unfavorable investment climate, both the German and UK subsidiaries were able to forge ahead with their positive business development from recent quarters. syzygy increased its aggregate liquid funds in the 3rd quarter by EUR 1.1 million, reaching EUR 61.4 million, or, in cash terms, EUR 5.12 per share. In the first 9 months of the financial year, unfavourable exchange rate fluctuations (GBP/EUR) have slowed sales growth and hampered attempts to increase the EBIT of the UK subsidiary. The year-on-year currency translation effects have depressed the sales figure by EUR 575,000 and the EBIT figure by EUR 62,000. For the fourth quarter, syzygy AG expects sales to remain lower than in the third quarter. Nevertheless, the company is optimistic that it will exceed its profit targets for the current year. Please find the table with the detailed figures attached. The complete 9-month report can be downloaded from the internet at http://www.syzygy.net/en/amode/investors/index.html Contact: syzygy AG – Joachim Sorg – Investor Relations Im Atzelnest 3 -61352 Bad Homburg/Germany Tel.: +49 (0)6172-9488-251/Fax: +49 (0)6172-9488-270 E-mail: j.sorg@syzygy.net / http://www.syzygy.net end of ad-hoc-announcement (c)DGAP 28.10.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Q3-2003 Q3-2002 Delta Q2-2003 Delta Sales revenues KEUR 3,769 KEUR 3,680 KEUR +89 KEUR 3,784 KEUR -15 EBIT TEUR 227 KEUR 129 KEUR +98 KEUR 202 KEUR +25 EBIT margin 6.0% 3.5% +2.5 pp 5.3% +0.7 pp Profit/loss(period) KEUR 739 KEUR 268 KEUR 471 KEUR 682 KEUR +57 Earnings per share EUR 0.06 EUR 0.02 EUR +0.04 EUR 0.06 0.00 ——————————————————————————– WKN: 510480; ISIN: DE0005104806; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 280754 Okt 03