EANS-News: SinnerSchrader AG
SinnerSchrader grows by approx. 29 per cent in
fiscal 2010/2011
service portfolio significantly enhanced
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- annual result/Financial Figures/Balance Sheet/Preliminary figures 2010/2011 Hamburg, 13 October 2011 (euro adhoc) - With net revenues anticipated to reach EUR 8.3 million, SinnerSchrader continued to grow by more than 20 per cent in the fourth quarter of its financial year 2010/2011 (1 September 2010 to 31 August 2011). Based on preliminary, as yet unaudited figures SinnerSchrader´s Group Financial Statements show an increase in net revenues by approx. 29 per cent for the entire financial year leading to a total of around EUR 30.9 million. Development of net revenues, thus, exceeded the original forecast which provided for a growth rate of between 15 and 20 per cent. The dynamic development of the Interactive Marketing segment, once again, was at the heart of the group´s revenue growth; segment net revenue increased by some EUR 5.5 million or by 25 per cent compared to the previous financial year. It was particularly pleasant that through new client relationships SinnerSchrader successfully established good positions in new industries such as food retailing, insurance, and luxury brands. SinnerSchrader developed and managed the rollout of online shops for major brands of the French PPR Group like Yves Saint Laurent, Stella McCartney und Bottega Veneta. For REWE, a major German food giant, SinnerSchrader devised, designed, and implemented its path into online food retailing. Nonetheless, both the Interactive Media segment and the Interactive Commerce Segment, too, grew their businesses at a significant rate. Operating earnings (EBITA) came out at some EUR 0.6 million for the fourth quarter 2010/2011. For the entire financial year, they increased by approx. 17 per cent reaching a level of more than EUR 2.55 million. The earnings improvement, thus, fell within the forecast corridor of between 15 and 20 per cent. As expected, the development of earnings lagged behind the top-line growth due to the continued expansion of SinnerSchrader´s service portfolio. During the 2010/2011 financial year SinnerSchrader has launched a creative agency under the brand Haasenstein for communication and campaign driven services and has entered the market for mobile applications by acquiring TIC- mobile GmbH (now SinnerSchrader Mobile GmbH). Additionally, SinnerSchrader has created competence clusters for online shop development based on the Magento technology platform at spot-media AG and next commerce GmbH through two smaller acquisitions. The total cost involved in expanding the service portfolio amounted to more than EUR 1.3 million in the financial year 2010/2011. Net income increased parallel to operating earnings and will presumably reach just under EUR 1.3 million, i.e. between EUR 0.11 and EUR 0.12 per share. In the previous year net income came out at EUR 1.1 million or just about EUR 0.10 per share. SinnerSchrader will use the income improvement to raise its dividend from last year´s level of EUR 0.08 per share. As of the balance sheet date on 31 August 2011, the liquidity reserve amounted to EUR 5.7 million. This was EUR 2.5 million less than a year before, due to the business expansion and the fact that SinnerSchrader had to resume tax prepayments. On 31 August 2011, the SinnerSchrader Group had 400 employees. The final audited Consolidated Financial Statements for 2010/2011 and a forecast for the 2011/2012 financial year will be published on 8 November 2011. About SinnerSchrader SinnerSchrader is one of the leading digital agencies in Europe. SinnerSchrader develops interactive strategies, platforms, and applications which create radical relationships between consumers and brands. The SinnerSchrader Group has over 400 employees in Hamburg, Frankfurt am Main, Berlin, and Hannover who work for customers such as Allianz, TUI, Tchibo, simyo, REWE, comdirect bank, PPR Group, OTTO, and Steigenberger. SinnerSchrader was founded in 1996 and has been quoted on the stock exchange since 1999. Contact for press and public relations Benjamin Nickel Head of Corporate Communications presse@sinnerschrader.com Contact for shareholder information Thomas Dyckhoff CFO ir@sinnerschrader.com SinnerSchrader Aktiengesellschaft Völckersstr. 38 D-22765 Hamburg T. +49. 40. 39 88 55-0 F. +49. 40. 39 88 55-55 Further inquiry note: Thomas Dyckhoff CFO Telefon: +49(0)40 398855-113 E-Mail: t.dyckhoff@sinnerschrader.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: SinnerSchrader AG Völckersstraße 38 D-22765 Hamburg phone: +49(0)40-398855-0 FAX: +49(0)40-398855-55 mail: info@sinnerschrader.de WWW: http://www.sinner-schrader.de sector: Software ISIN: DE0005141907 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, München language: English
Original content of: SinnerSchrader AG, transmitted by news aktuell