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Syzygy AG
Earnings Release • Oct 19, 2016
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Earnings Release
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News Details
Corporate | 19 October 2016 13:02
SYZYGY AG: SYZYGY Group grows by 13 per cent in first nine months of 2016
DGAP-News: SYZYGY AG / Key word(s): 9-month figures/Quarter Results
2016-10-19 / 13:02
The issuer is solely responsible for the content of this announcement.
The SYZYGY Group remains on a growth trajectory, with a further rise in sales of 13 per cent to EUR 47.2 million in the first nine months of 2016. Operating income (EBIT) likewise improved by 13 per cent to reach EUR 4.3 million, while the EBIT margin was 9.2 per cent, as in the prior year.
Financial income fell due to a lower level of liquid funds and the situation in the capital markets, contributing EUR 1.1 million to results. A high annualised return of 6.7 per cent was achieved.
Growth is mainly being driven by the Germany and US segments. Operating profit (EBIT) will rise in line with sales, which means earnings per share are expected to be approximately EUR 0.40.
| Q3 2016 | Q3 2015 | Change | 9M 2016 |
9M 2015 |
Change | |
| Sales (kEUR) | 16,369 | 14,230 | +15% | 47,199 | 41,863 | +13% |
| EBIT (kEUR) | 1,393 | 1,310 | +6% | 4,347 | 3,856 | +13% |
| EBIT margin | 8.5% | 9.2% | -0.7pp | 9.2% | 9.2% | +0.0pp |
| Financial income (kEUR) |
339 | 504 | -33% | 1,139 | 1,584 | -28% |
| Net income (kEUR) | 1,450 | 1,323 | +10% | 4,173 | 4,032 | +3.5% |
| Earnings per share (EUR) |
0.10 | 0.10 | 0% | 0.30 | 0.30 | 0% |
Due to ongoing positive prospects, SYZYGY AG is maintaining its forecast for the 2016 financial year and expects to increase sales to some EUR 65.0 million.
The full quarterly report will be available at http://ir.syzygy.de on Friday, October 28, 2016.
And in in English language it will be available from November 4, 2016 at http://ir.syzygy.co.uk .
2016-10-19 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| 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: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |