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ots Ad hoc-Service: Syzygy AG <DE0005104806> syzygy AG releases results for the year 2000 and outlook for 2001:

Frankfurt/London (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
- Strong, profitable, growth across all markets year on year -
Sales up 56% from previous year - EBITDA up 282% to 8.0% margin -
Important new Blue-chip client wins - Further growth in 2001 despite
tough market conditions
syzygy AG, the pan-European eBusiness solutions provider,
announced today that proforma revenues for the year ended 31 st
December 2000 increased 56% from EUR 11.304 milion to EUR 17.639
million (French subsidiary included for 1999 and 2000). Operating
results (EBITDA) for 2000 reached EUR 1.411 million, compared with
EUR 369,000 for 1999. The corresponding EBITDA margin rose from 3.2%
to 8.0%. The pro forma net loss of EUR 1.425 million in 1999 was
reduced to a loss of EUR 958,000 in 2000 of which one-off,
IPO-related charges were EUR 783,000.
During the year, syzygy successfully completed its IPO on the
Neuer Markt, generating EUR 55 million. The company's cash and cash
equivalents, plus marketable securities at year-end totalled EUR 56
million (1999: EUR 1 million).
Importantly, repeat business from existing clients accounted for
70% of revenues while over 40% of revenues came from pan-European
projects and 74% of revenues from sector expertise in 4 core vertical
markets.
In France, syzygy turned EBIT positive in September and maintained
profitability through the remainder of the year. These positive
results were due largely to enhanced relation-ships with clients such
as Vivendi and the successful acquisition of new clients such as
Aventis, Banque de France, Gencell and Servier.
The figures for the group are as follows on a pro forma basis:
Full      4th quarter Full year 4th quarter
               year 2000 2000        1999      1999
   Sales
   (EUR)       17.639   4.482        11.304    3.132
               million  million      million   million
   EBITDA
   (EUR)       1.411   (0.362       0.369      0.575
               million million)     million    million
   EBITDA 
   margin      8.0%     n/a         3.2%       18.4%
   Net income
   for the   (0.958    (0.945      (1.425      0.171
              million) million)    million)    million
   period
Earnings 
   per share (EUR 0.08) (EUR 0.08)  n/a          n/a
syzygy AG The Board of Management

Contact:

syzygy AG Joachim Sorg Investor Relations Im Atzelnest 3 61352 Bad
Homburg Tel.:+49(0)6172/9488-0

Fax: +49(0)6172/9488-270 E-mail: j.sorg@syzygy.net

Issuer's information/explanation remarks concerning this ad hoc
announcement:

Trading during 1st quarter 2001 According to provisional
estimates, sales for the first quarter of 2001 will amount to EUR 4
million. This corresponds to a growth rate of around 8% over the
first quarter of 2000. Management reports continued strong sales
growth in Germany. The UK had a difficult January and February,
although sales picked up in March. In France there has been a sharp
downturn in Q1 revenues. For these reasons, the Group expects to post
a loss of EUR 0.5 million for the first quarter of 2001. Through
strong relationships with existing customers, the acquisition of new
customers, the launch of a new licence fee based version of the
SyCOMAX content management software and strict cost management,
syzygy will continue to pursue profitable growth. For the year 2001
as a whole, syzygy AG expects sales to grow by around 20% to ca. EUR
21 million, with an EBITDA margin of approximately 6% and the
strongest growth coming from Germany.

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