EANS-News: SYZYGY AG
Sales growth and strong operating cash flow
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 9-month report Bad Homburg (euro adhoc) - In the nine month under review, SYZYGY Group generated sales of EUR 21.7 million, a 4 per cent increase as against 9M-2010. Operating income was down 13 per cent to EUR 2.4 million due to investments in the strategic and geographical expansion of the Group. Financial income reduced by one fifth to EUR 737,000. Net income of EUR 2.1 million represents a decrease of 16 per cent year-to-year. Earnings per share were thus EUR 0.17 (-19%) At EUR 5.7 million, the operating cash flow was particularly strong in Q3 and amounted to EUR 759,000 at the end of the period. As at balance sheet day, liquid funds and securities were EUR 19.0 million, corresponding to a cash-portion of EUR 1.48 per share. | |Q3-2011 |Q3-2010 |Change |9M-2011 |9M-2010 |Change | |Sales (EUR'000) |7,189 |7,182 |- |21,719 |20,845 |+4% | |EBIT (EUR'000) |721 |1,009 |-29% |2,353 |2,717 |-13% | |EBIT margin |10% |14% |-4pp |11% |13% |-2pp | |Financial |194 |360 |-46% |737 |932 |-21% | |income (EUR'000)| | | | | | |Net income |626 |963 |-35% |2,134 |2,553 |-16% | |(EUR'000) | | | | | | | |EPS (EUR) |0.05 |0.08 |-38% |0.17 |0.21 |-19% | In 2011, SYZYGY AG expects a modest increase in sales, while the operating income will be below last year´s level. For 2012, SYZYGY is planning for a clear double-digit growth in both sales and operating income. The 9-months-report will be issued on October 28, 2011, and can be downloaded at http://ir.syzygy.co.uk/default3_and_fz_menu=financial_reports_2011.aspx Further inquiry note: Katrin Schreyer Telefon: +49/6172-9488251 E-Mail: ir@syzygy.net end of announcement euro adhoc -------------------------------------------------------------------------------- company: Syzygy AG Im Atzelnest 3 D-61352 Bad Homburg phone: +49(0)6172 9488-100 FAX: +49(0)6172 9488-272 mail: ir@syzygy.net WWW: http://www.syzygy.net sector: Online ISIN: DE0005104806 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, München language: English
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