Syzygy AG

Earnings Release • Oct 29, 2013

News Details

Corporate | 29 October 2013 13:28

SYZYGY AG: Sales growth of 20% in Q3 / earnings guidance raised

SYZYGY AG / Key word(s): Interim Report/Quarter Results

29.10.2013 / 13:28

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Sales growth of 20% in Q3 / earnings guidance raised

In the third quarter 2013, SYZYGY Group continued to develop positively and produced the strongest organic growth in company history. Compared to Q3-2012, sales were up 20% to EUR 9.4 million. In the 9-months period, sales totalled EUR 26.3 million (+14%).

Operating income (EBIT) grew by 31% to EUR 661,000 in the third quarter (prev. year: EUR 506,000). For the period from January to September, SYZYGY reports EBIT of EUR 2.0 million, representing an increase of 5%. At EUR 1.4 million, financial income was significantly higher than in the previous year (+49%).

Income before taxes showed growth of 20% to EUR 3.4 million compared to EUR 2.8 million in 9M-2012.

As at balance sheet day, net income totalled EUR 2.4 million. In 2012, high tax refunds had a positive effect on net income which amounted to EUR 8.7 million.

Liquid funds and securities were at EUR 23.2 million. This figure corresponds to a cash portion of EUR 1.82 per share.

	Q3-2013	Q3-2012	Change	9M-2013	9M-2012	Change
Sales (EUR’000)	9,370	7,825	+20%	26,303	23,171	+14%
EBIT (EUR’000)	661	506	+31%	1,987	1,899	+5%
EBIT margin	7%	6%	+1pp	8%	8%	–
Financial income (EUR’000)	570	427	+33%	1,371	919	+49%
Net income (EUR’000)	852	665	+28%	2,401	8,682	-72%
EPS (EUR)	0.07	0.05	+40%	0.19	0.68	-72%

For the current financial year, SYZYGY expects sales growth of about 13% to some EUR 35 million. Operating income is likely to rise in line with sales. SYZYGY now anticipates earnings per share of EUR 0.26 in 2013, thus raising the earnings guidance by EUR 0.01.

The full financial report in English language will be available on Tuesday, 5 November 2013, at http://ir.syzygy.co.uk

End of Corporate News

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Language:	English
Company:	SYZYGY AG
	Im Atzelnest 3
	61352 Bad Homburg
	Germany
Phone:	06172 9488100
E-mail:	info@syzygy.de
Internet:	www.syzygy.net
ISIN:	DE0005104806
WKN:	510480
Listed:	Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of News	DGAP News-Service

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