euro adhoc: Syzygy AG
Financial Figures/Balance Sheet
Syzygy AG: Net sales
grow by 31 per cent, EBIT increases by 142 per cent
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3-month report
23.04.2008
Frankfurt, April 23, 2008
- Gross sales of kEUR 16,807 (40% growth compared to Q1-2007) - Net sales of kEUR 7,200 - Operating income (EBIT) of kEUR 1,223 - Net income of kEUR 1,022 - Earnings per share of EUR 0.07 - Liquid assets of kEUR 25,716 (equals EUR 2.13 per share)
In the first quarter of 2008, Syzygy obtained gross sales of EUR 16.8 million. Compared to Q1-2007, this corresponds to an increase of EUR 4.8 million or 40 per cent. Net sales rose by 31 per cent to a total of EUR 7.2 million. The operating income (EBIT) grew by 142 per cent from kEUR 505 to EUR 1.2 million, leading to a double-digit EBIT-margin of 17 per cent. Net income amounted to EUR 1 million, thereby exceeding last year´s result of kEUR 679 by 51 per cent. After the deduction of minority interests, this equals to earnings per share of EUR 0.07.
Liquid assets increased by 8 per cent from EUR 23.8 million to EUR 25.7 million, which corresponds to a current cash portion of EUR 2.13 per share. The financial income reached kEUR 268.
|Q1-2008 |Q1-2007 |Change Gross sales |kEUR 16,807 |kEUR 12,045 |40% Net sales |kEUR 7,200 |kEUR 5,488 |31% EBIT |kEUR 1,223 |kEUR 505 |142% EBIT-margin |17% |9% |8 pp Net income |kEUR 1,022 |kEUR 679 |51% Earnings per share |EUR 0.07 |EUR 0.05 |40% The order backlog for the first half of 2008 is well above last year´s level. Syzygy expects a double-digit growth and earnings per share of EUR 0.26 for the financial year 2008. The report on the first quarter of 2008 will be issued on April 28, 2008 and can be downloaded at http://www.syzygy.net in the Investor Relations section.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Katrin Schreyer
Telefon: +49/6172-9488251
E-Mail: k.schreyer@syzygy.net
Branche: Online
ISIN: DE0005104806
WKN: 510480
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade
Original content of: SYZYGY, transmitted by news aktuell