Syzygy AG

Earnings Release • Mar 10, 2005

News Details

Ad-hoc | 10 March 2005 07:45

Syzygy AG exceeds profit expectations for 2004 and announces dividend

Ad hoc announcement §15 WpHG Annual financial figures and dividend announcement Syzygy AG exceeds profit expectations for 2004 and announces dividend Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— – Sales of EUR 15.7 million, 6% growth as compared to 2003 – Operating income (EBIT) KEUR 1,092, 40% increase as compared to 2003 – Net income KEUR 2,895 after KEUR 2,758 in 2003 – Earnings per share EUR 0.24 after EUR 0.23 in 2003 – Liquid funds: EUR 50.0 million, corresponds to EUR 4.17 per share – Dividend of EUR 0.22 per share suggested Frankfurt, March 10, 2005 In 2004, Syzygy generated sales of EUR 15.7 million compared to EUR 14.7 million in the previous year. Accordingly, sales rose by 6.2% compared to 2003. The operating income (EBIT) of KEUR 1,092 corresponds to an EBIT margin of 7.0%. The net income of KEUR 2,895 (previous year: KEUR 2,758) corresponds to earnings per share of EUR 0.24 whereas EUR 0.21 per share were planned. The operating cash flow development amounted to EUR 6.2 million, exceeding the result of 2003 by EUR 2.0 million. Liquid assets decreased by EUR 12.1 million down to EUR 50.0 million (corresponds to EUR 4.17 per share) due to the special distribution of funds of EUR 18.0 million in April 2004. The financial income amounted to EUR 3.5 million, resulting in a yield of 7.0% on average liquidity reserves. 2004 2003 Q4-2004 Q4-2003 Sales KEUR 15,651 KEUR 14,739 KEUR 3,936 KEUR 3,382 EBIT KEUR 1,092 KEUR 781 KEUR 222 KEUR 172 EBIT margin 7.0 % 5.3 % 5.6% 5.1% Net income KEUR 2,895 KEUR 2,758 KEUR 882 KEUR 686 Earnings per share EUR 0.24 EUR 0.23 EUR 0.07 EUR 0.06 Due to the positive results, the Management and Supervisory Boards suggest an ordinary dividend of EUR 0.22 per share to the shareholders’ meeting. More detailed information regarding last years’ financial results, in particular consolidated accounts as well as the annual report will be published on March 31, 2005 and can be downloaded at http://www.syzygy.net Contact: Syzygy AG – Investor Relations Im Atzelnest 3 -61352 Bad Homburg Tel.: +49 (0)6172-9488-251 / Fax: +49 (0)6172-9488-270 E-mail: ir@syzygy.net 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 10.03.2005 100745 Mär 05