EANS-News: SinnerSchrader grows by 14 per cent in 2008/2009 financial year and invests in expansion of service portfolio
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
Financial Figures/Balance Sheet
Hamburg (euro adhoc) - SinnerSchrader ended the 2008/2009 financial year (September 2008 to August 2009) with a good fourth quarter. Based on the preliminary, unaudited figures from the Annual Financial Statements, SinnerSchrader achieved gross revenues of around EUR 6.7 million and an operating result (EBITA) before starting losses and costs from the portfolio expansion of around EUR 0.9 million in the last quarter of the financial year.
For the 2008/2009 financial year as a whole, the gross revenues will probably amount to EUR 27.5 million with an EBITA before expansion costs of between EUR 2.3 and 2.4 million. This means SinnerSchrader was able to increase its revenues by around 14 per cent and slightly increase its EBITA before expansion costs compared to the previous year despite the considerably difficult conditions brought about by the global economic crisis.
Convinced that there are still good opportunities for growth in interactive services, SinnerSchrader invested in the expansion of its own service portfolio during the financial year. SinnerSchrader established a new e-Commerce Outsourcing business division and founded next commerce GmbH in May 2009. next commerce will handle the set-up and development of online sales for established companies in return for revenue-based compensation. The first shop run by next commerce for the fashion label Olsen went live today at olsenfashion.com.
SinnerSchrader also took over newtention technologies GmbH in May 2009. Under the n7 brand, newtention develops and markets leading ad serving technology which forms the basis for the profile-based control of online advertising campaigns and is thus a fundamental technology for the performance marketing business.
The expansion of business burdened the operating result in the 2008/2009 financial year by probably around EUR 0.9 million, EUR 0.5 million of which was incurred in the fourth quarter.
The consolidated income for 2008/2009 will probably be just over EUR 1 million, compared to EUR 1.6 million last year. This corresponds to earnings per share of around EUR 0.09. With a continued high dividend ratio SinnerSchrader will probably propose a dividend of EUR 0.08 per share for the past financial year to the Annual General Meeting in December. This amount would once again be paid from the tax-recognised contribution account and would thus be tax-free for those with minor holdings.
As of the balance sheet date of 31 August 2009, the liquidity reserve amounted to EUR 8.0 million, which was EUR 1.1 million lower than the final amount at the end of the previous financial year due to the investments made. The cash flows from operating activities in the 2008/2009 financial year once again surpassed EUR 2 million and will probably amount to EUR 2.2 million. At the end of August, the SinnerSchrader Group had 279 employees, of whom 17 were trainees.
The final, audited Annual Financial Statements for 2008/2009 and the outlook for the 2009/2010 financial year will be published on 5 November 2009. This is the date on which SinnerSchrader will hold its annual balance sheet press conference in Hamburg.
About SinnerSchrader
SinnerSchrader is one of the leading interactive agencies in Germany. SinnerSchrader creates interactive customer experiences and radical relationships between brands and consumers. The SinnerSchrader Group has over 250 employees at its Hamburg and Frankfurt am Main sites who work for customers such as Deutsche Bank, TUI, Tchibo, simyo, ECCO, comdirect bank, mobilcom-debitel, Steigenberger, and Unitymedia. SinnerSchrader was founded in 1996 and has been quoted on the stock exchange since 1999.
Ende der Mitteilung euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
SinnerSchrader Aktiengesellschaft
Thomas Dyckhoff, CFO
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
Branche: Software
ISIN: DE0005141907
WKN: 514190
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
Original content of: SinnerSchrader AG, transmitted by news aktuell