Syzygy AG

Earnings Release • Jul 29, 2003

News Details

Ad-hoc | 29 July 2003 07:30

Syzygy AG english

syzygy AG increases forecast for financial year 2003: Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– syzygy AG increases forecast for financial year 2003: – Positive development continued in Q2 (15% growth in comparison to Q2. 2002) – KEUR 202 EBIT (5.3% EBIT profitability); KEUR 682 net income – Cash/cash equivalents up EUR 1.1m to EUR 60.3m/EUR 5.03 per share – Positive outlook for Q3 2003 – EPS expected in 2003 increased from EUR 0.16 to EUR 0.20 Frankfurt, July 29, 2003 syzygy achieved sales of EUR 3.8m in Q2 2003 (previous year: EUR 3.3m), a rise of 15.4% against Q2 2002. EBIT amounts to KEUR 202 which equals an EBIT profitability of 5.3%. Financial income also has been increased by KEUR 213 up to KEUR 838 so that net income of KEUR 682 was achieved. This is equivalent to EPS of EUR 0.06. In spite of a continuing unfavourable investment climate both the German and the UK subsidiaries look likely to continue their positive development of the last quarters. syzygy’ s cash and cash equivalents rose by EUR 1.1m to EUR 60.3m in Q1, this is equivalent to EUR 5.03 per share. 2Q 03 2Q 02 change yoy 1Q 03 change qoq Sales TEUR 3,784 TEUR 3,279 TEUR +505 TEUR 3,804 TEUR -25 EBIT TEUR 202 TEUR -335 TEUR +537 TEUR 180 TEUR +22 EBIT margin 5.3% -10.2% +15.5 pp 4.7% +0.6 pp Net income TEUR 682 TEUR -344 TEUR +1,026 TEUR 650 TEUR +32 Earnings per share EUR 0.06 EUR -0.03 EUR +0.09 EUR 0.05 EUR +0.01 syzygy increases its EPS forecasts from EUR 0.16 to EUR 0.20 and expects increasing sales in the year 2003. Please find the full report at http://www.syzygy.net/en/index.html. 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 / www.syzygy.net end of ad-hoc-announcement (c)DGAP 29.07.2003 ——————————————————————————– WKN: 510480; ISIN: DE0005104806; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 290730 Jul 03