SinnerSchrader grows by 29 per cent in the first nine months and expects a
strong fourth quarter
annual forecast confirmed
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balance/Quaterly Financial Report 3 2007/2008
Hamburg (euro adhoc) - 10 July 2008
In the third quarter of 2007/2008 (March to May), SinnerSchrader increased its revenues by 44 per cent to Euro 6.1 million in comparison to the previous year and raised the operating result (EBITA) by a factor of seven to Euro 535,000. spot-media AG, which was consolidated for a full quarter for the first time after being taken over by SinnerSchrader in February, made a particular contribution to the positive development.
At just under Euro 17.6 million, revenues in the first nine months of 2007/2008 surpassed the value of the previous year by a good 29 per cent. The operating result more than doubled to almost Euro 1.4 million. After the first nine months, revenues and earnings are well on track.
Incoming orders for project and operating services rose by 44 per cent in the third quarter compared to the previous year. According to the most recent forecasts, the fourth quarter will be as planned the strongest quarter of the financial year.
SinnerSchrader is therefore confirming the annual forecast, which in April was raised to revenues of over Euro 22.5 million and an EBITA of around Euro 2 million. The operating margin for the year as a whole will probably be between 8.5 and 9.0 per cent, as planned. In the third quarter, the operating margin improved to 8.7 per cent. The operating margin for the first nine month reached 7.7 per cent.
This performance buttresses SinnerSchrader's plan to once again paying a dividend of Euro 0.12 per share for the 2007/2008 financial year which would be paid from the tax-recognised contribution account as was the dividend for 2006/2007.
As in the previous quarters, growth in revenues was driven by the dynamics in existing customer relationships in the third quarter. Nevertheless, SinnerSchrader successfully acquired promising new accounts in that quarter, among others SPIEGELnet, which will be serviced out of Hamburg, and Henkel AG & Co. KGaA, which will be customer of SinnerSchrader's Frankfurt office.
The liquidity reserve fell in the first nine months by just under Euro 1.9 million to Euro 8.6 million as of 31 May 2008 due to the takeover of spot-media AG, the investment in activeGATE, and the dividend paid in December 2007. Mainly as a result of the dividend payout, shareholders' equity fell to 68 per cent.
The complete quarterly report can be downloaded form the Internet under www.wkn514190.de/s2ir/de/Finanzberichte.html.
About SinnerSchrader
SinnerSchrader is a leading interactive agency in Germany. SinnerSchrader develops interactive customer experiences which radically intensify the relationship between brands and consumers. SinnerSchrader was founded in 1996, has been listed on the stock exchange since 1999, and has over 200 employees in Hamburg and Frankfurt am Main.
Contact:
SinnerSchrader Aktiengesellschaft
Thomas Dyckhoff, Finance Director T. +49. 40. 39 88 55-0 Martin Recke, Head of Corporate Communications T. +49. 40. 39 88 55-181 E-mail: ir@sinnerschrader.de F. +49. 40. 39 88 55-100
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Thomas Dyckhoff
CFO
Phone: +49(0)40 398855-150
e-mail: ir@sinnerschrader.de
Branche: Software
ISIN: DE0005141907
WKN: 514190
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 München / free trade
Original content of: SinnerSchrader AG, transmitted by news aktuell