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Syzygy AG
Earnings Release • Mar 29, 2016
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Earnings Release
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News Details
Corporate | 29 March 2016 17:30
SYZYGY AG: SYZYGY confirms provisional business figures – Sales up 22 per cent
DGAP-News: SYZYGY AG / Key word(s): Final Results
2016-03-29 / 17:30
The issuer is solely responsible for the content of this announcement.
The SYZYGY Group has achieved double-digit growth for the fourth year in succession and exceeded its own growth forecast for 2015. The provisional figures published on February 1, 2016 have now been confirmed and approved by the Supervisory Board. Sales increased organically by 22 per cent to EUR 57.3 million, while operating income rose by 37 per cent to EUR 5.3 million. Financial income amounted to EUR 2.0 million. Net income after taxes was EUR 4.9 million (+3%), corresponding to earnings per share of EUR 0.37 (+6%).
Due to this buoyant growth and the continuing strong cash position, the Management Board and Supervisory Board of SYZYGY AG have decided to propose a dividend of EUR 0.37 per share for the 2015 financial year at the Annual General Meeting scheduled for July 8, 2016.
Liquid funds and securities totalled EUR 26.8 million at the balance sheet date, equivalent to EUR 2.09 per share.
The SYZYGY Group expects to be able to increase its sales organically in the current financial year by more than 10 per cent to at least EUR 63.0 million, with a proportionate rise in operating income. The individual segments will contribute in roughly equal measure to this growth.
| 2015 | 2014 | Change | |
| Sales (EUR’000) | 57,311 | 47,075 | +22% |
| EBIT (EUR’000) | 5,268 | 3,843 | +37% |
| EBIT margin | 9.2% | 8.2% | +1pp |
| Financial income (EUR’000) |
1,975 | 2,157 | -8% |
| Net income (EUR’000) | 4,864 | 4,739 | +3% |
| Earnings/share (EUR) |
0.37 | 0.35 | +6% |
The full annual report will be available at http://ir.syzygy.co.uk on Friday, April 8, 2016.
2016-03-29 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.
Media archive at www.dgap-medientreff.de and 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 |
| End of News | DGAP News Service |