Syzygy AG

Earnings Release • Jul 29, 2005

News Details

Ad-hoc | 29 July 2005 08:09

Syzygy AG: Sales and earnings growth in the second quarter of 2005

Ad hoc announcement §15 WpHG Financial results for the first half year of 2005 Syzygy AG: Sales and earnings growth in the second quarter of 2005 Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— – Sales of EUR 4.2 million, 4.4% growth compared to the second quarter of 2004 – Operating income (EBIT) kEUR 302 following kEUR 300 in Q2-2004 – Net income of kEUR 725 after kEUR 610 in Q2-2004 – Earnings per share EUR 0.06 – Liquid assets of EUR 48.6 million (corresponds to EUR 4.05 per share) Frankfurt, 29 July 2005 In the second quarter of 2005, Syzygy generated sales of EUR 4.2 million compared to EUR 4.0 million in the same period of the previous year and EUR 3.8 million in Q1-2005. Accordingly, sales rose by 10.4% compared to the last quarter and 4.4% in relation to Q2-2004. The operating income (EBIT) of kEUR 302 corresponds to an EBIT margin of 7.2% compared to 7.5% in Q2-2004. The net income amounts to kEUR 725 (previous year: kEUR 610). This corresponds to earnings per share of EUR 0.06. The operating cash flow development amounted to kEUR 1,439. Liquid assets equal EUR 48.6 million, after a dividend distribution of EUR 0.22 and TEUR 2,642 respectively, resulting in a current cash portion of EUR 4.05 per share. Financial income reached kEUR 858 in the second quarter, leading to a yield of 6.8% on average liquidity reserves. Q2-2005 Q2-2004 difference Q1-2005 difference Sales kEUR 4,195 kEUR 4,017 4.4% kEUR 3,801 10.4% EBIT kEUR 302 kEUR 300 0.7% kEUR 230 31.3% EBIT margin 7.2% 7.5% -0.3pp 6.1% 1.1pp Net income kEUR 725 kEUR 610 18.9% kEUR 669 8.4% EPS EUR 0.06 EUR 0.05 20.0% EUR 0.06 0.0% A stimulation of new business is discernible in Germany as well as in the UK. The backlog of orders for the coming quarter exceeds the level of the same quarter of the previous year. Therefore, Syzygy expects increasing revenues for the third quarter. For the financial year, Syzygy anticipates earnings per share of EUR 0.24. The quarterly report can be downloaded at: http://www.syzygy.net under section Investor Relations Contact: Syzygy AG – Investor Relations Im Atzelnest 3 – 61352 Bad Homburg Tel.: 06172-9488-251 Fax: 06172-9488-272 E-Mail: ir@syzygy.de Syzygy AG Im Atzelnest 3 61352 Bad Homburg vdH Deutschland ISIN: DE0005104806 WKN: 510480 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 29.07.2005 290809 Jul 05