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Syzygy AG
Earnings Release • Mar 30, 2017
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Earnings Release
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News Details
Corporate | 30 March 2017 15:15
SYZYGY AG: SYZYGY confirms best-ever sales and earnings in 2016 – Sales up 12 per cent – dividend of EUR 0.38 proposed
DGAP-News: SYZYGY AG / Key word(s): Final Results/Dividend
30.03.2017 / 15:15
The issuer is solely responsible for the content of this announcement.
– Consolidated sales increased by 12 per cent to EUR 64.3 million
– Operating income up by around 6 per cent to EUR 5.6 million
– Net income up 5 per cent to EUR 5.1 million
– Attractive dividend of EUR 0.38 proposed
– Outlook for 2017: slight rise in sales and EBIT
The SYZYGY Group has achieved double-digit growth for the fifth year in succession, posting the best annual results since the agency was established. The provisional figures published on January 24, 2017 have now been confirmed and approved by the Supervisory Board. Sales increased by 12 per cent to EUR 64.3 million, while operating income rose by around 6 per cent to EUR 5.6 million. Financial income amounted to EUR 1.3 million. Net income after taxes was EUR 5.1 million (+5%), corresponding to earnings per share of EUR 0.39 (+5%).
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 0.38 per share for the 2016 financial year at the Annual General Meeting scheduled for June 30, 2017.
Liquid funds and securities totalled EUR 22.2 million at the balance sheet date, equivalent to EUR 1.73 per share.
Outlook for 2017: modest increase in sales and EBIT
The SYZYGY Group expects to increase its sales again in the current financial year. SYZYGY is forecasting only a modest rise in sales in the lower single-digit range due to the uncertainty in the UK arising from the current lack of clarity around the outcome of Brexit, and political and economic uncertainty in the US. Operating income (EBIT) will rise slightly ahead of sales. All the individual segments will contribute in roughly equal measure to this growth. Any acquisitions, which are part of the SYZYGY Group’s growth strategy, may affect these forecasts positively or negatively.
| 2016 | 2015 | Change | |
| Sales (kEUR) | 64,273 | 57,311 | +12% |
| EBIT (kEUR) | 5,596 | 5,268 | +6% |
| EBIT margin | 8.7% | 9.2% | -0.5pp |
| Financial income (kEUR) | 1,336 | 1,975 | -32% |
| Net income (kEUR) | 5,097 | 4,864 | +5% |
| Earnings per share (EUR) | 0.39 | 0.37 | +5% |
The full annual report for 2016 in English language will be available at http://ir.syzygy.co.uk
from April 10, 2017.
About the SYZYGY Group
As a provider of technological, creative and media services in the digital marketing space, the SYZYGY Group has around 600 employees. Established in 1995, it has branches in Bad Homburg, Berlin, Frankfurt, Hamburg, Munich, London, New York and Warsaw.
Its clients include prestigious brands such as AVIS, BMW, comdirekt bank, Commerzbank, Daimler, Deutsche Bank, Mazda, Miles & More, o2 and health insurer Techniker Krankenkasse.
Contact:
Susan Wallenborn
Investor & Public Relations Manager
30.03.2017 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 |