EANS-News: SinnerSchrader grows by 29.1 per cent in 2010/2011 financial year /
Dividend to be increased by 25 per cent
SinnerSchrader planning
marked rise in profits for 2011/2012
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- annual report Hamburg, 8 November 2011 (euro adhoc) - SinnerSchrader ended the 2010/2011 financial year (1 September 2010 to 31 August 2011) with net revenue of EUR 30.9 million and an operating result (EBITA) of EUR 2.6 million. In comparison to the previous year, SinnerSchrader increased its revenue by EUR 7 million or 29.1 per cent and increased its EBITA by EUR 0.4 million or 19.5 per cent. Net income rose by 15.9 per cent to just under EUR 1.3 million or 11.4 cents per share. The audited Consolidated Financial Statements approved by the Supervisory Board at its meeting yesterday, which are being presented today, confirm the provisional figures of 13 October 2011. SinnerSchrader has thus greatly exceeded the growth objectives set for 2010/2011. The good economic development in Germany and the steady move towards digital marketing ensured high demand for the SinnerSchrader Group´s services in the financial year just completed, particularly in the Interactive Marketing segment. Many new customers acquired in the 2009/2010 and 2010/2011 financial years contributed to revenue growth of EUR 5.4 million in this segment alone against the backdrop of stable business with existing customers and have enabled SinnerSchrader to gain a good position in the insurance industry, and with luxury brands and food retailers. As announced, SinnerSchrader also consistently advanced the expansion of its service portfolio, thus investing in future growth. In the 2010/2011 financial year, the creative agency Haasenstein was launched and the retargeting network mementoo was developed and introduced on the market. Furthermore, SinnerSchrader took over TIC-mobile GmbH (now SinnerSchrader Mobile GmbH), a specialist for mobile apps, and two agencies with a technical focus on developing online shops based on Magento technology. These growth initiatives burdened the total operating result by around EUR 1.5 million. Without these encumbrances, the EBITA would have been above EUR 4 million and the EBITA margin would have been 13.3 per cent. Including the expansion costs, the operating margin in the 2010/2011 financial year was 8.5 per cent. Due to the rise in revenue, the investments in growth and resumed tax payments, the liquidity reserve fell in the financial year by EUR 2.5 million to EUR 5.7 million as of 31 August 2011. The equity ratio on the balance sheet date was a good 59 per cent. At the end of August 2011, the SinnerSchrader Group had 400 employees, 13 of whom were apprentices. In spite of a clearly slowing economy in Germany, SinnerSchrader sees good opportunities for double-digit growth in the current financial year as well. However, in contrast to the previous year, the focus is to be on the profit development: For 2011/2012 SinnerSchrader has set itself the goal of revenue growth of 15 per cent to around EUR 35.5 million, an improvement in the EBITA of 25 per cent to more than EUR 3.25 million and a rise in the net income of 33 per cent to EUR 1.7 million. So far, the current turbulence concerning state indebtedness in the Euro region have not had any noticeable effect on business conducted by SinnerSchrader, but the forecasts are subject to the proviso that the crisis does not give rise to major economic upheavals. Against the background of the success in the 2010/2011 financial year and in view of the fundamentally positive outlook, the Management Board and Supervisory Board propose that the Annual General Meeting on 15 December 2011 increase the dividend by 25 per cent over the previous year, from 8 cents to 10 cents per share. This amount will presumably once again be paid from the tax deposit account and would therefore be tax-free for those with minor holdings. SinnerSchrader is also planning to include shareholders in the positive development of the net profit per share by increasing the dividend in the years ahead. The Consolidated Financial Statements and the Annual Report of SinnerSchrader AG can be viewed from today on SinnerSchrader´s investors´ website, at www.sinnerschrader.ag. The complete Annual Report will probably be published on the same website on 30 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 around 400 employees in Hamburg, Frankfurt am Main, Berlin, and Hanover 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 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