Syzygy AG

Earnings Release • Apr 29, 2015

News Details

Corporate | 29 April 2015 10:26

SYZYGY AG: Good start to the new financial year // SYZYGY Group sales grow by 23% in Q1

SYZYGY AG / Key word(s): Quarter Results

2015-04-29 / 10:26

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Bad Homburg, April 29, 2015: SYZYGY Group produced a sustained high growth in the first quarter of 2015: Sales of EUR 13.7 million in the first quarter of 2015 saw the SYZYGY Group deliver strong growth of 23%. All segments performed well in the period under review and contributed to the growth of the SYZYGY Group.

Operating income (EBIT) rose by 20 per cent to EUR 1.3 million, with the EBIT margin unchanged at 10 per cent. Adjusted pre-tax income increased 11 per cent to EUR 1.9 million. In addition to EBIT, a continuing high level of financial income, amounting to EUR 0.6 million, contributed to the result.

The previous year’s earnings additionally included EUR 0.7 million in revaluation effects resulting from first-time consolidation of Ars Thanea. At EUR 1.4 million, net income was consequently EUR 0.5 million below the figure for the previous year. This represents earnings per share of EUR 0.10 (previous year: EUR 0.14).

Liquid funds and securities totalled EUR 34.9 million at the balance sheet date, corresponding to cash holdings of EUR 2.70 per share.

	Q1 2015	Q1 2014	Change
Sales (kEUR)	13,659	11,063	+23%
EBIT (kEUR)	1,338	1,116	+20%
EBIT margin	10%	10%	–
Financial income (kEUR)	556	587	-5%
Net income before special factors and tax (kEUR)	1,894	1,703	+11%
Revaluation effects resulting from first-time consolidation (kEUR)	–	650	-100%
Net income (kEUR)	1,394	1,865	-25%
Earnings per share (EUR)	0.10	0.14	-29%

The SYZYGY Group expects to be able to increase its sales in the current financial year by around 20 per cent to approximately EUR 55.0 million. Operating income is expected to increase ahead of sales. The segments will contribute to this growth in roughly equal measure. Earnings per share are likely to be EUR 0.40.

The full quarterly report as at March 31, 2015 in English language will be available from May 8, 2015 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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