SinnerSchrader achieves record revenues and still sees opportunities for growth in a difficult environment
-------------------------------------------------------------------------------- ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
shares/stock market/technology
Hamburg (euro adhoc) - SinnerSchrader is ending the 2007/2008 financial year (1 September 2007 to 31 August 2008) with gross revenues of EUR 24.2 million, the highest in the company's history to date, an operating result (EBITA) of EUR 2.3 million, and a gross revenue margin of 9.5 per cent. In comparison to the previous year, the gross revenues have increased by EUR 5.6 million or 30 per cent. The EBITA rose by EUR 1.3 million or 121 per cent and the gross revenue margin rose by 3.9 percentage points.
The audited Consolidated Financial Statements approved by the Supervisory Board, which are being presented today, thus confirm the provisional figures of 9 October 2008. SinnerSchrader achieved around two thirds of the growth in revenues and EBITA organically, especially in business with its major existing customers. The other third was accounted for by the wholly-owned subsidiary spot-media AG, which SinnerSchrader had taken over in February.
After depreciation of the investments in the subsidiaries and affiliated companies spot-media AG and activeGATE GmbH made in the course of the financial year, interest from investment of the liquidity reserve, and taxes, the Group's consolidated income is EUR 1.6 million or EUR 0.14 per share. In the last year, SinnerSchrader achieved a consolidated income of EUR 1.0 million or EUR 0.09 per share.
As a result of the investments made in the 2007/2008 financial year, on 31 August 2008 the liquidity reserve had fallen by EUR 1.4 million to EUR 9.1 million in comparison to the level on 31 August 2007. The equity ratio was just around 65 per cent. At the end of August, the SinnerSchrader Group had 241 employees, 13 of whom were apprentices.
In view of the financial crisis and the uncertainty it has brought about with regard to overall economic development in the months ahead, it is difficult to make predictions for the 2008/2009 financial year. However, SinnerSchrader is not expecting the economic crisis to have any negative effects on the fundamental factors that drive its business forward.
The importance of interactive consumers will continue to increase, and therefore the adaptation pressure on marketing to make use of this change will rise. This means that SinnerSchrader sees growth opportunities for revenues and profits, even in a weaker economic environment.
Against the background of the successful development and the confidence of further growth in the years ahead, the Management Board and Supervisory Board will propose to the Annual General Meeting on 18 December 2008 a dividend in the amount of EUR 0.12 per share from the balance sheet profit of 31 August 2008. This sum will once again be serviced from the tax deposit account and would therefore be tax-free for those with minor holdings.
The Consolidated Financial Statements can be viewed from today on SinnerSchrader's investor website at www.wkn514190.de. The complete Annual Report will probably be published in the same place on 15 November 2008.
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.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
SinnerSchrader Aktiengesellschaft
Thomas Dyckhoff, CFO
T. +49. 40. 39 88 55-0
Martin Recke, Corporate Communications
T. +49. 40. 39 88 55-181
E-mail: ir@sinnerschrader.de
F. +49. 40. 39 88 55-100
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