Syzygy AG

Earnings Release • Oct 31, 2014

News Details

Ad-hoc | 31 October 2014 14:57

SYZYGY AG: Sales growth of 31 per cent / forecast for 2014 raised anew

SYZYGY AG / Key word(s): 9-month figures/Change in Forecast

31.10.2014 14:57

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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In the third quarter, SYZYGY Group has built upon the very successful first
half year: Sales were up 26 per cent to EUR 11.8 million, whereas in the
9-month-period, sales of EUR 34.3 million were generated (+31%).
Operating income grew disproportionately by 52 per cent to EUR 1.0 million
and by 53 per cent to EUR 3.0 million respectively. In the first nine
months of the year, financial income was at EUR 1.7 million, representing
an increase of 24 per cent as against last year's result.

Net income enhanced by 56 per cent to EUR 3.8 million, resulting in
earnings per share of EUR 0.28 (+47%).

Due to the very high operating cash flow of EUR 9.4 million, liquid funds
and securities increased significantly in the period under review:
Totalling EUR 29.3 million (+18%) as at September 30, 2014, liquidity
assets represented a cash portion of EUR 2.31 per share.

Due to the successful business development, SYZYGY raises the forecast for
2014 anew: The company now expects to generate sales of EUR 44.0 million
(+26% compared to 2013) and an operating income of EUR 3.6 million (+80%).
Earnings per share are expected to increase to EUR 0.33 (+27%).

                  Q3-2014  Q3-2013  Change  9M-2014  9M-2013  Change

Sales (EUR'000) 11,772 9,370 +26% 34,345 26,303 +31%
EBIT (EUR'000) 1,006 661 +52% 3,041 1,987 +53%
EBIT margin 9% 7% +2pp +9% 8% +1pp
Financial income 545 570 -4% 1,703 1,371 +24%
(EUR'000)
Net income (EUR'000) 1,100 852 +29% 3,755 2,401 +56%
EPS (EUR) 0.08 0.07 +14% 0.28 0.19 +47%

The financial report for the 9-month-period will be available in English
language on November 7, 2014 and can be downloaded at
http://ir.syzygy.co.uk

31.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: SYZYGY AG
Im Atzelnest 3
61352 Bad Homburg
Germany
Phone: 06172 9488100
Fax:
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 Announcement DGAP News-Service

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