EANS-News: SinnerSchrader plans double-digit growth
14.5 per cent revenue
increase in 2008/2009
Preliminary figures confirmed
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Financial Figures/Balance Sheet
Hamburg (euro adhoc) - Despite the economic crisis, SinnerSchrader was able to continue growing during the 2008/2009 financial year (September 2008 to August 2009). Gross revenues rose by 14.5 per cent compared to the year before to reach EUR 27.7 million. Investments in the expansion of the service portfolio amounting to EUR 1.0 million caused the operating result (EBITA) to decline to EUR 1.4 million. Without these advance payments, the EBITA would have risen slightly as planned from EUR 2.3 million in the year before to EUR 2.4 million.
The audited Consolidated Financial Statements which have been approved by the Supervisory Board and are being presented today therefore confirm the preliminary figures from 15 October 2009. Net revenues improved by 14.1 per cent or EUR 2.6 million to reach EUR 20.9 million. Of this, EUR 2.2 million can be attributed to the agency business of SinnerSchrader and spot-media. The media business, including the ad serving services from newtention which SinnerSchrader acquired in May 2009, grew by EUR 0.5 million. The e-commerce outsourcing business which also started in the past financial year contributed nearly EUR 0.2 million.
Due to the costs for the establishment of new business segments, the consolidated income to be attributed to SinnerSchrader's shareholders fell by EUR 0.4 million compared to the year before to EUR 1.2 million. The earnings per share amounted to 11 cents, or 3 cents less than in the previous year. The liquidity reserve declined due to the investments by EUR 1.1 million to EUR 8.0 million as of 31 August 2009. The equity ratio was 62 per cent as of the report date. At the end of August 2009, the SinnerSchrader Group had 279 employees, of whom 17 were trainees.
For the 2009/2010 financial year, SinnerSchrader expects greater growth in net revenues than in the past financial year and a significant improvement in the operating result (EBITA), though the EBITA will still be burdened by start-up costs in the field of e-commerce outsourcing. For the following year, too, SinnerSchrader sees good prospects for double-digit growth rates in net revenues and a disproportionately large improvement in the EBITA.
The Management Board and Supervisory Board will propose a dividend of 8 cents per share at the Annual General Meeting on 16 December 2009. This amount would once again be paid from the tax-recognised contribution account and would thus be tax-free for those with minor holdings.
Dr Reinhard Pöllath, Chairman of the Supervisory Board of SinnerSchrader AG, has announced that he will step down from his position at the end of the next Annual General Meeting after ten years of service. At the Annual General Meeting, the Management Board and Supervisory Board will propose Philip Seitz as the new member of the Supervisory Board.
As of today, the Consolidated Financial Statements can be viewed on SinnerSchrader's investor website at www.wkn514190.de. The complete Annual Report will probably be published on 26 November 2009 in the same place.
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.
end of announcement 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