Syzygy AG

Earnings Release • Mar 29, 2007

News Details

Ad-hoc | 29 March 2007 18:10

Syzygy AG: Sales growth of 22 per cent in 2006 – outlook for 2007 very positive

Syzygy AG / Final Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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• Sales of EUR 20.3 million, 22% growth compared to 2005
• Operating income (EBIT) kEUR 1,404, 17% growth year-on-year
• Net income of kEUR 2,327
• Earnings per share EUR 0.19
• Liquid assets of EUR 43.7 million before special distribution (equals
  EUR 3.73 per share)

In 2006, Syzygy generated sales of EUR 20.3 million compared to EUR 16.7
million in the same period of the previous year. Accordingly, sales rose by
22%. The operating income (EBIT) of kEUR 1,404 corresponds to an EBIT
margin of 6.9%. Net income amounts to kEUR 2,327 (previous year: kEUR
2,966). After minority interest, this equals to earnings per share of EUR
0.19.

The operating cash flow amounted to EUR 1.9 million. In 2006, liquid assets
decreased to EUR 43.7 million due to the distribution of dividends as well
as the acquisition of GFEH. Thus, the current cash portion equals EUR 3.73
per share, as per December 31, 2006. Financial income reached EUR 2.3
million, leading to a yield of 5.1% on average liquidity reserves.

        2006    2005         Diff.    Q4-06    Q4-05          Diff.

Sales kEUR kEUR 21.7% kEUR kEUR 30.0%
20,313 16,692 5,511 4,238

EBIT kEUR kEUR 17.3% kEUR kEUR 11.8%
1,404 1,197 361 323

EBIT 6.9% 7.2% -0.3 pp 6.6% 7.6% -1.0 pp
margin

Net kEUR kEUR -21.5% kEUR kEUR -40.1%
income 2,327 2,966 492 821

Earnings EUR EUR -24.0% EUR EUR -57.1%
per share 0.19 0.25 0.03 0.07

The order backlog for the first half of 2007 is above last year’s level.
All in all, Syzygy expects significant growth in sales for the 2007
financial year as well as doubling its operating income.

More detailed information regarding last years’ financial figures, in
particular consolidated statements, will be issued on March 30, 2007 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)6172-9488-272
ir@syzygy.de
www.syzygy.net

DGAP 29.03.2007

Language: English
Issuer: Syzygy AG
Im Atzelnest 3
61352 Bad Homburg Deutschland
Phone: ++49 (0)6172/9488-100
Fax: ++49 (0)6172/9488-272
E-mail: ir@syzygy.net
www: www.syzygy.net
ISIN: DE0005104806
WKN: 510480
Indices: Prime All Share, Prime Standard
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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