Syzygy AG

Earnings Release • Mar 31, 2014

News Details

Corporate | 31 March 2014 17:14

SYZYGY AG: SYZYGY Group achieves double-digit growth / very positive outlook for 2014

SYZYGY AG / Key word(s): Final Results

31.03.2014 / 17:14

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SYZYGY Group achieves double-digit growth / very positive outlook for 2014

Once again in 2013, SYZYGY Group was able to achieve double digit growth and increase organic net sales by 13 per cent to EUR 35.0 million. Thus, 2013 is one of the most successful years in the company’s history.

Operating income was down slightly to EUR 2.0 million (-5%) due to special effects. Financial income of EUR 2.1 million represents an increase of 66 per cent compared to 2012. Income before taxes rose to EUR 4.1 million (+22%).

Net income of EUR 3.4 million results in earnings per share of EUR 0.25.

Already on 22 January, the Management Board and the Supervisory Board of SYZYGY AG announced to propose a dividend of EUR 0.28 to the Annual General Meeting.

Liquid funds and securities amounted to EUR 24.8 million as at balance sheet day, representing a cash portion of EUR 1.93 per share.

For the current fiscal year, SYZYGY expect to improve net sales by some 15 per cent to EUR 40.0 million. Thereof, EUR 1.5 million will be contributed by Ars Thanea; the company will be fully consolidated in 2014, as SYZYGY raised its stake in the Polish Agency from 26 to 70 per cent in February 2014. Operating income is expected to grow disproportionately by some 60 per cent to EUR 3.2 million. Earning per share will supposedly reach EUR 0.30.

	2013	2012	Change
Net sales (EUR’000)	35,030	31,115	13%
EBIT (EUR’000)	2,023	2,121	-5%
EBIT margin	6%	7%	-1pp
Financial income (TEUR)	2,124	1,283	+66%
Net income (EUR’000)	3,361	9,022	-63%
Earnings / share (EUR)	0.26	0.73	-64%

The Annual Report 2013 in English language will be available on Friday, 25 April and can be downloaded at 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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