EANS-News: SYZYGY AG
Sales grow by 11 per cent in Q2
tax effect raises
earnings per share to EUR 0.57
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- quarterly report Bad Homburg (euro adhoc) - In the second quarter 2012, SYZYGY Group generated sales of EUR 7.9 million, an 11 per cent rise compared to Q2-2011. The Germany segment performed particularly well: Strong business with existing as well as renowned new clients resulted in sales growth of 18 per cent. Due to investments in the expansion of SYZYGY Group, operating income was down 25 per cent to EUR 0.6 million. Financial income amounted to EUR 0.3 million (+4%). In Q2-2012, income before taxes decreased by 18 per cent to EUR 0.9 million. Due to tax effects resulting from successful judicial proceedings on the recognition of impairment losses on foreign subsidiaries, net income was up 915 per cent to EUR 7.3 million. As a result, SYZYGY reports earnings per share of EUR 0.57. For the current financial year, SYZYGY Group aims at a significant sales growth and expects an operating income on last year's level. Furthermore, SYZYGY expects earnings per share to reach EUR 0.72 in 2012. | |Q2-2012 |Q2-2011 |Change |H1-2012 |H1-2011 |Change | |Sales |7,869 |7,107 |+11% |15,346 |14,530 |+6% | |(EUR'000) | | | | | | | |EBIT (EUR'000) |611 |811 |-25% |1,393 |1,632 |-15% | |EBIT margin |8% |11% |-3pp |9% |11% |-2pp | |Financial |262 |251 |+4% |492 |543 |-9% | |income (EUR'000)| | | | | | | |Net income |7,287 |718 |+915% |8,017 |1,508 |+432% | |(EUR'000) | | | | | | | |Earnings per |0.57 |0.06 |+850% |0.63 |0.12 |+425% | |share (EUR) | | | | | | | The quarterly report will be issued on August 2, 2012, and can be downloaded at http://www.ir.syzygy.co.uk/default3_and_fz_menu=financial_reports_2012.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: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English
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