Earnings Release • Apr 30, 2013
Earnings Release
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Corporate | 30 April 2013 15:36
SYZYGY AG: Sales growth of 7%, net income increases by 5%
SYZYGY AG / Key word(s): Quarter Results/Interim Report
30.04.2013 / 15:36
Sales growth of 7%, net income increases by 5%
In the first quarter of 2013, SYZYGY Group generated sales of EUR 8.0 million, a 7 per cent increase compared to last year’s result.
Because of costs associated with setting up the new company Hi-ReS! Berlin founded in 2012, operating income (EBIT) fell by 10 per cent to EUR 0.70 million. The agency is expected to break even in the second quarter of 2013.
Financial income was at EUR 0.36 million (+55%), so that the net income totalled EUR 0.77 million (+5%). At EUR 0.06, income per share was at last year’s level.
Liquid funds and securities amounted to EUR 23.2 million, corresponding to a cash portion of EUR 1.81 per share.
For the current financial quarter, SYZYGY expects to further increase sales, thereby outperforming the result of Q1-2013. Operating income is expected to grow significantly in the second half-year, as start-up costs for new entities will probably no longer apply.
| Q1-2013 | Q1-2012 | Change | |
| Sales (EUR’000) | 7,978 | 7,477 | +7% |
| EBIT (EUR’000) | 705 | 782 | -10% |
| EBIT margin | 9% | 10% | -1pp |
| Financial income (EUR’000) |
356 | 230 | +55% |
| Net income of the period (EUR’000) |
769 | 730 | +5% |
| Earnings/share (EUR) |
0.06 | 0.06 | – |
The full financial report as per March 31, 2013, in English language will be issued on May 8, 2013, and can be downloaded at http://ir.syzygy.co.uk/default3_and_fz_menu=financial_reports_2013.aspx
End of Corporate News
30.04.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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| Language: | English |
| Company: | SYZYGY AG |
| Im Atzelnest 3 | |
| 61352 Bad Homburg | |
| Germany | |
| Phone: | 06172 9488100 |
| E-mail: | [email protected] |
| 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 |
| - - - |
| 209090 30.04.2013 |
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