euro adhoc: Syzygy AG
Financial Figures/Balance Sheet
Syzygy AG financial
results 2007:
forecast significantly exceeded - positive outlook for 2008
-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
26.03.2008
- Net sales of EUR 27.4 million, 35% growth compared to 2006 - Operating income (EBIT) kEUR 3,372, 140% growth year-on-year - Net income of kEUR 3,213 - Earnings per share EUR 0.21 - Liquid assets of EUR 24.2 million (equals EUR 2.01 per share)
Frankfurt, March 26, 2008 In 2007, Syzygy´s net sales rose by 35% to EUR 27.4 million compared to EUR 20.3 million in 2006. Gross sales increased by 170% from EUR 21.7 million to EUR 58.6 million. The operating income (EBIT) of kEUR 3,372 corresponds to an EBIT margin of 12.3%. Syzygy achieved a double-digit margin for the first time.
Due to a special distribution of funds and the acquisition of the Unique Digital, liquid assets decreased by EUR 19.5 million to EUR 24.2 million. The current cash portion equals EUR 2.01 per share. The financial income went down to kEUR 1,245 (previous year: kEUR 2,302). As the strong operating income could more than compensate for this decrease, net income rose by 38% to kEUR 3,213. After minority interest, this equals to earnings per share of EUR 0.21.
The Syzygy Management and Supervisory Boards will propose an ordinary dividend of EUR 0.10 per share to the shareholders at the AGM.
|2007 |2006 |Change |Q4-2007 |Q4-2006 |Change Gross sales |kEUR 58,576 |kEUR 21,719 |170% |kEUR 19,959 |kEUR 6,917 |189% Net sales |kEUR 27,351 |kEUR 20,313 |35% |kEUR 7,644 |kEUR 5,511 |39% EBIT |kEUR 3,372 |kEUR 1,404 |140% |kEUR 1,062 |kEUR 361 |194% EBIT margin |12.3% |6.9% |5.4 pp |13.9% |6.6% |7.3 pp Net income |kEUR 3,213 |kEUR 2,327 |38% |kEUR 1,051 |kEUR 492 |114% EPS |EUR 0.21 |EUR 0.19 |11% |EUR 0.06 |EUR 0.03 |100%
The order backlog for the first half of 2008 is above last year´s level. Syzygy expects a double-digit growth and earnings per share of EUR 0.26 for the financial year 2008.
More detailed information regarding last year´s financial figures will be issued on March 28, 2008 and can be downloaded at http://www.syzygy.net in the Investor Relations section.
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Remarks: Starting with the financial year 2007, Syzygy reports gross sales as well as net sales. Net sales are comparable with the figures reported in earlier years. Gross sales include pass-through costs from the online-marketing business.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Syzygy AG
Public & Investor Relations
Katrin Schreyer
Fon: +49 (0)6172 / 94 88 - 251
E-Mail: k.schreyer@syzygy.net
Branche: Online
ISIN: DE0005104806
WKN: 510480
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade
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