SinnerSchrader: First half-year 2006/2007 continuously dynamic
21 per cent
growth in revenues, 77 per cent improvement in EBITA
12.04.2007 – 08:16
Hamburg (euro adhoc) -
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
balance
Corporate News Hamburg, 12 April 2007
SinnerSchrader continued to develop dynamically in the second quarter of 2006/2007 (1 December 2006 to 28 February 2007) with an organic growth in revenues of almost 20 per cent. In the first half-year 2006/2007 revenues totalled almost EUR 9.4 million or 21 per cent up on the previous year and slightly above the company's forecasts.
The operating result (EBITA) improved in the first half-year by 77 per cent to EUR 0.5 million. Thus, the earnings position also developed according to plan, confirming SinnerSchrader's annual targets - growth in revenues of 15 per cent to more than EUR 18 million and EBITA of EUR 1.2 million.
As of 28 February 2007, SinnerSchrader had a cash reserve of EUR 10.6 million at its disposal, almost EUR 0.6 million more than on 31 August 2006, and an equity ratio of 77.8 per cent.
22 per cent of revenues in the half-year under review were generated with new clients such as the OTTO Group. In cooperation with OTTO and Microsoft, SinnerSchrader designed and implemented the OTTO Store. It is one of twenty global reference projects which was prepared for the launch of the new Microsoft operating system Windows Vista and was presented at the end of January 2007.
The OTTO Store is an example of demand creation, experience and entertainment through an innovative, three-dimensional online shopping world. It shows the cooperation of creative and technical expertise - a combination which is in increasing demand on the market. The question of how innovation in the Internet will change marketing is at the core of SinnerSchrader's second trend congress 'next07' taking place 3 May 2007 under the theme of 'All Power to the Consumer!?' (next07.com).
| |1st |1st |2nd |2nd | | |Half-year |Half-year |Quarter |Quarter | | |2006/2007 |2005/2006 |2006/2007 |2005/2006 | |Revenues (EUR 000s) |9,357 |7,751 |4,579 |3,826 | |Gross profit (EUR 000s) |2,525 |2,365 |1,179 |1,110 | |EBITDA (EUR 000s) |698 |572 |263 |268 | |EBITA (EÚR 000s) |496 |280 |161 |114 | |Net income (EUR 000s) |535 |242 |294 |117 | |Net income per share (EUR) |0.05 |0.01 |0.03 |0.01 | | | | | | | | | | | | | | |28.02.2007 |31.08.2006|28.02.2007|30.11.2006| |Cash and | | | | | |cash equivalents (EUR 000s)|10,561 |10,005 |10,561 |10,418 | |Employees (end of period) |157 |143 |157 |155 |
About SinnerSchrader SinnerSchrader has been a pioneer of innovative e-business since 1996. It is currently one of Germany's biggest e-business service providers. The company has 157 employees at its offices in Hamburg and Frankfurt, and has been listed since 1999.
Contact: SinnerSchrader Aktiengesellschaft
Kirsten Schütt Investor Relations T +49. 40. 39 88 55-150, F +49. 40. 39 88 55-100 E-Mail: ir@sinnerschrader.de
Martin Recke
Corporate Communications T +49. 40. 39 88 55-181, F +49. 40. 39 88 55-100 E-Mail: presse@sinnerschrader.de
www.sinnerschrader.de
end of announcement euro adhoc 12.04.2007 08:14:27
Further inquiry note:
Kirsten Schütt
Investor Relations
Telefon: +49 (40) 398855-150
E-Mail: k.schuett@sinnerschrader.de
Branche: Software
ISIN: DE0005141907
WKN: 514190
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Original content of: SinnerSchrader AG, transmitted by news aktuell