EANS-Adhoc: Syzygy AG announce a dividend of 20 cents per share
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
annual report
28.03.2011
Today, the Management and Supervisory Board of Syzygy AG resolved to propose a dividend of 20 cents per share at the Annual General Meeting, the same as the previous year.
Due to a very strong Online Media business in 2010, gross sales were up 8 per cent to EUR 87.1 million. After deduction of the media turnover, net sales of EUR 27.2 million remained, representing a decrease of 6 per cent compared to 2009.
Operating income (EBIT) was down 11 per cent to EUR 3.2 million. Extraordinary tax effects had a positive impact on net income, which rose 14 per cent to EUR 3.8 million. Earnings per share were thus EUR 0.30, which is EUR 0.02 or 7 per cent above last year´s figure.
With EUR 8.2 million, operating cash flow was up significantly as against 2009 (EUR -162,000).
Liquid funds and securities amounted to EUR 23.9 million, corresponding to a cash portion of EUR 1.86 per share.
For 2011, Syzygy Group is expected to deliver significant growth with double-digit growth rates with respect to both net sales and operating income.
| |2010 (in |2009 (in | | | |EUR`000) |EUR`000) |Diff.| |Gross sales |87,096 |80,487 |+8% | |Net sales |27,247 |28,833 |-6% | |EBIT |3,168 |3,556 |-11% | |EBIT margin |12% |12% |- | |Net income |3,796 |3,331 |+14% | |Earnings/share |EUR 0.30 |EUR 0.28 |+7% |
The Annual Report will be issued on March 31, 2011 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: ir@syzygy.net
Branche: Online
ISIN: DE0005104806
WKN: 510480
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
Original content of: SYZYGY, transmitted by news aktuell