Syzygy AG

Earnings Release • Apr 27, 2006

News Details

Ad-hoc | 27 April 2006 19:07

Syzygy AG: growth of 21% in sales and 40% in operating income for Q1-2006

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— – Sales of EUR 4.6 million, 20.7% growth compared to Q1-2005 – Operating income (EBIT) kEUR 323, 40.4% growth year-on-year – Net income of kEUR 670 after kEUR 669 in Q1-2005 – Earnings per share EUR 0.06 – Liquid assets of EUR 46.5 million (corresponds to EUR 3.97 per share) Frankfurt, 27 April 2006 In the first quarter of 2006, Syzygy generated sales of EUR 4.6 million compared to EUR 3.8 million in the same quarter of the previous year. Accordingly, sales rose by 20.7%. The operating income (EBIT) of kEUR 323 corresponds to an EBIT margin of 7.0%. Net income amounts to kEUR 670 (previous year: kEUR 669) and leads to earnings per share of EUR 0.06. The operating cash flow amounted to kEUR 85 as compared to kEUR 536 year-on-year. Liquid assets remain nearly unchanged at EUR 46.5 million. Thus, the current cash portion equals EUR 3.98 per share. Financial income reached kEUR 716, leading to an annualised yield of 6% on average liquidity reserves. Q1-2006 Q1-2005 Diff. Q4-2005 Diff. to to previous previous year quarter Sales kEUR kEUR 20.7% kEUR 8.3% 4,589 3,801 4,238 EBIT kEUR kEUR 40.4% kEUR 0.0% 323 230 323 EBIT margin 7.0% 6.1% 0.9pp 7.6% -0.6pp Net income kEUR kEUR 0.1% kEUR -18.4% 670 669 821 Earnings per share EUR EUR 0.0% EUR -14.3% 0.06 0.06 0.07 The order backlog for the coming quarter is considerably higher than the previous year’s level. Therefore, Syzygy is expecting sales to grow by 20% in the second quarter, as well. Furthermore, double-digit growth rates in sales and operating income are anticipated for the 2006 financial year. The quarterly report will be published on Friday, 28 April 2006 and can be downloaded at http://www.syzygy.net under section Investor Relations. Contact: Syzygy AG Investor Relations Im Atzelnest 3 61352 Bad Homburg Tel: ++49(0)6172-9488-251 Fax: ++49(0)6172-9488-272 ir@syzygy.de www.syzygy.net (c)DGAP 27.04.2006 ————————————————————————— language: English emitter: Syzygy AG Im Atzelnest 3 61352 Bad Homburg Deutschland phone: ++49 (0)6172/9488-100 fax: ++49 (0)6172/9488-272 email: ir@syzygy.net WWW: www.syzygy.net ISIN: DE0005104806 WKN: 510480 indexes: Prime All Share, Prime Standard stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service —————————————————————————