Syzygy AG

Earnings Release • Apr 29, 2003

News Details

Ad-hoc | 29 April 2003 07:59

Syzygy AG english

syzygy AG Q1-Results 2003: syzygy AG starts successfully into 2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– syzygy AG starts successfully into 2003: – Sales growth 17% vs. Q1 2002 – KEUR 180 EBIT; 4,7% EBIT profitability – KEUR 650 net income – Cash/cash equivalents up EUR 0.9m to EUR 59.2m/EUR 4.93 increased per share – Positive Outlook for Q2 2003 Frankfurt, April 29, 2003 syzygy achieved sales of EUR 3.8m in Q1 2003 (previous year: EUR 3.2m), a rise of 17.4% against Q1 2002. EBIT amounts to KEUR 180 which equals an EBIT profitability of 4.7%. Financial income also has been increased by KEUR 205 up to KEUR 812 so that net income of KEUR 650 were achieved. This is equivalent to EPS of EUR 0.05.In spite of a continuing unfavourable investment climate both the German and the British subsidiary could continue its positive development of the last quarters.syzygy’s cash and cash equivalents rose by EUR 0.9m to EUR 59.2m in Q1, this is equivalent to EUR 4.93 per share. 1Q03 1Q02 delta p.y. 4Q02 delta p.q. Sales KEUR 3,804 KEUR 3,240 KEUR +564 KEUR 4,023 KEUR -219 EBIT KEUR 180 KEUR -1,014 KEUR +1,194 KEUR 240 KEUR -60 EBIT margin 4.7% -31.3% +36.0 % 6.0% -1.3 % Net income KEUR 650 KEUR -398 KEUR +1,048 KEUR 882 KEUR -232 Earnings per share EUR 0.05 EUR -0.03 EUR +0.08 EUR 0.07 EUR -0.02 syzygy confirms last forecasts for 2003 and expects increasing sales and a positive EBIT in spite of the continuous difficult market environment. The result per share will increase according to the forecast from EUR 0.03 in 2002 to EUR 0.16 per share in the year 2003. 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 end of ad-hoc-announcement (c)DGAP 29.04.2003 ——————————————————————————– WKN: 510480; ISIN: DE0005104806; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 290759 Apr 03