Syzygy AG

Earnings Release • Jul 31, 2015

News Details

Corporate | 31 July 2015 09:35

SYZYGY AG: SYZYGY Group posts strong sales growth of 22% in first half of 2015

SYZYGY AG / Key word(s): Quarter Results

2015-07-31 / 09:35

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Bad Homburg, July 31, 2015: The SYZYGY Group remains on a growth trajectory, with sales up 22 per cent to EUR 27.6 million in the first half of 2015.

Operating income (EBIT) rose significantly by 25 per cent to EUR 2.5 million. At EUR 1.1 million, financial income was also strong. Total net income amounted to EUR 2.7 million, 2 per cent up on the prior-year period. This represents earnings per share of EUR 0.20.

Due to the successful first six months, combined with ongoing positive prospects, SYZYGY AG is maintaining its forecast for 2015. It expects to increase sales in the current financial year by around 20 per cent to some EUR 55.0 million. All segments will contribute to this growth. Earnings per share are likely to rise to around EUR 0.40.

	Q2 2015	Q2 2014	Change	H1 2015	H1 2014	Change
Net sales (EUR’000)	13,974	11,510	+21%	27,633	22,573	+22%
EBIT (EUR’000)	1,208	919	+31%	2,546	2,035	+25%
EBIT margin	9%	8%	+1pp	9%	9%	0pp
Financial income (EUR’000)	524	571	-8%	1,080	1,158	-7%
Income before taxes	1,732	1,175	+47%	3,626	3,528	+3%
Net income (EUR’000)	1,315	790	+66%	2,709	2,655	+2%
Earnings/share (EUR)	0.10	0.06	+67%	0.20	0.20	0%

The financial report for the first half of 2015 in English language will be available on Friday, August 7 at http://ir.syzygy.co.uk

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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:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart

End of News	DGAP News-Service

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