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Syzygy AG
Earnings Release • Apr 20, 2018
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Earnings Release
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News Details
Corporate | 20 April 2018 08:50
SYZYGY AG: SYZYGY grows by 4 per cent in the first quarter and confirms forecast for 2018
DGAP-News: SYZYGY AG / Key word(s): Quarter Results
20.04.2018 / 08:50
The issuer is solely responsible for the content of this announcement.
- Sales up by 4 per cent to EUR 15.4 million
- Operating income increased by 10 per cent to EUR 1.1 million
- Net income EUR 0.9 million
- Outlook for 2018: double-digit sales growth
The SYZYGY Group started the 2018 financial year with sales growth of 4 per cent compared with the same period of the previous year. Sales increased to EUR 15.4 million.
Operating income (EBIT) rose by 10 per cent to EUR 1.1 million. The EBIT margin remained unchanged at 7 per cent compared with the previous year. Pre-tax income was EUR 1.3 million. Given a tax rate of 27 per cent, net income was EUR 0.9 million. This represents earnings per share of EUR 0.07 (previous year: EUR 0.09).
Liquid funds and securities totalled EUR 19.5 million at the balance sheet date, corresponding to cash holdings of EUR 1.45 per share.
| Q1 2018 | Q1 2017 | Change | |
| Sales (kEUR) | 15,424 | 14,795 | +4% |
| EBIT (kEUR) | 1,104 | 1,004 | +10% |
| EBIT margin | 7% | 7% | 0pp |
| Financial income (kEUR) | 151 | 503 | -70% |
| Earnings before tax (kEUR) | 1,255 | 1,507 | -17% |
| Net income (kEUR) | 920 | 1,071 | -14% |
| Earnings per share (EUR) | 0.07 | 0.09 | -25% |
The SYZYGY Group is confirming its forecast for 2018 and expects double-digit sales growth in the current financial year, with a rise in the EBIT margin in the upper single-digit range.
The full quarterly report as at March 31, 2018 will be available at http://ir.syzygy.net from May 4, 2018.
Contact:
Susan Wallenborn
Investor & Public Relations Manager
20.04.2018 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 |
| Horexstraße 28 | |
| 61352 Bad Homburg v.d.H. | |
| 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 |