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Syzygy AG
Earnings Release • Apr 25, 2019
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Earnings Release
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News Details
Corporate | 25 April 2019 12:10
SYZYGY AG: SYZYGY increases EBIT by 31 per cent in the first quarter and confirms forecast for 2019
DGAP-News: SYZYGY AG / Key word(s): Quarterly / Interim Statement
25.04.2019 / 12:10
The issuer is solely responsible for the content of this announcement.
– Sales up by 2 per cent to EUR 15.7 million
– Operating income increased by 31 per cent to EUR 1.4 million
– Net income increased by 17 per cent to EUR 1.1 million
– Effect of applying new accounting rules (IFRS 16) is positive to EBIT of TEUR 99 and negative to financial income of TEUR -143, net to net income negative of TEUR -44
– Outlook for 2019 confirmed: sales growth in the upper single-digit percentage range and with a rise in EBIT of around 10 per cent
The SYZYGY Group started the 2019 financial year with sales growth of 2 per cent compared with the same period of the previous year. Sales increased to EUR 15.7 million.
Operating income (EBIT) rose by 31 per cent to EUR 1.4 million. The EBIT margin rose to 9 per cent compared to the previous year. The earnings before taxes was EUR 1.4 million. Given a tax rate of 25 per cent, net income was EUR 1.1 million. This represents earnings per share of EUR 0.08 (previous year: EUR 0.07).
Liquid funds and securities totalled EUR 12.3 million at the balance sheet date, corresponding to cash holdings of EUR 0.91 per share.
| Q1 2019 | Q1 2018 | Change | |
| Sales (kEUR) | 15,689 | 15,424 | +2 % |
| EBIT (kEUR) | 1,442 | 1,104 | +31 % |
| EBIT margin | 9% | 7% | +2pp |
| Financial income (kEUR) | -8 | 151 | n.a. |
| Earnings before tax (kEUR) | 1,434 | 1,255 | +14 % |
| Net income (kEUR) | 1,075 | 920 | +17 % |
| Earnings per share (EUR) | 0.08 | 0.07 | +14 % |
The SYZYGY Group is confirming its forecast for 2019 and expects sales growth in the upper single-digit percentage range in the current financial year, with a rise in EBIT of around 10 per cent.
The full quarterly report as at March 31, 2019 will be available at http://ir.syzygy.net from May 3, 2019.
Contact:
Susan Wallenborn
Investor & Public Relations Manager
25.04.2019 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 |
| EQS News ID: | 803363 |
| End of News | DGAP News Service |