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Syzygy AG
Earnings Release • Apr 21, 2016
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Earnings Release
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News Details
Corporate | 21 April 2016 15:31
SYZYGY AG: SYZYGY grows by 6 per cent in first quarter and raises forecast for current financial year
DGAP-News: SYZYGY AG / Key word(s): Quarter Results
2016-04-21 / 15:31
The issuer is solely responsible for the content of this announcement.
The SYZYGY Group remains on a growth trajectory. With sales of EUR 14.4 million in the first quarter of 2016, the agency group for digital marketing generated sales growth of 6 per cent compared with the same period of the previous year.
Operating income (EBIT) rose by 10 per cent to EUR 1.5 million, with the EBIT margin rising from 9.8 per cent to 10.2 per cent. Adjusted pre-tax income was EUR 1.9 million. In addition to EBIT, a continuing high level of financial income, amounting to EUR 0.4 million, contributed to the strong results.
Given a tax rate of 28 per cent, net income was EUR 1.3 million. This represents earnings per share of EUR 0.10 (previous year: EUR 0.10).
Liquid funds and securities totalled EUR 25.8 million at the balance sheet date, corresponding to cash holdings of EUR 2.03 per share.
| Q1 2016 | Q1 2015 | Change | |
| Sales (kEUR) | 14,425 | 13,659 | +6% |
| EBIT (kEUR) | 1,475 | 1,338 | +10% |
| EBIT margin | 10.2% | 9.8% | +0.4pp |
| Financial income (kEUR) | 396 | 556 | -29% |
| Net income before special factors and tax (kEUR) |
1,871 | 1,894 | -1% |
| Net income (kEUR) | 1,347 | 1,394 | -3% |
| Earnings per share (EUR) | 0.10 | 0.10 | -0% |
The SYZYGY Group expects to achieve a significant increase in sales in the second quarter. Due to the majority stake now held in customer experience specialist USEEDS° , the SYZYGY Group is raising its sales forecast for the current year. Instead of EUR 63.0 million, the agency group now expects to generate sales of EUR 65.0 million in the current financial year. Operating income is expected to increase ahead of sales. The individual segments will contribute to this growth in roughly equal measure.
The full quarterly report as at March 31, 2016 will be available at http://ir.syzygy.net from May 6, 2016.
2016-04-21 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.
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| 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 |
| End of News | DGAP News Service |