EANS-Adhoc: Syzygy AG
Growth in gross sales
earnings per share of 6 Cent
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
3-month report
23.04.2010
Compared to the first quarter of 2009, Syzygy AG was able to raise gross sales by 12 per cent to EUR 21.3 million. After deduction of media costs, net sales of EUR 6.6 million remained, representing a 12 per cent decrease. Operating income (EBIT) amounted to EUR 702,000, corresponding to an EBIT-margin of 11 per cent.
With EUR 272,000, financial income was on par with last year`s result. Net income of 680,000 resulted in earnings per share of EUR 0.06.
Syzygy was able to generate a strong positive operating cashflow of EUR 3 million in the first quarter of 2010. Due to this, liquid funds and securities totaled EUR 23.7 million, showing an increase of 15 per cent on the figure as per December 31, 2009. This corresponds to a cash portion of EUR 1.96 per share.
| |Q1-2010 |Q1-2009 |Diff. | |Gross Sales |21,337 |19,020 |12% | |(EUR`000) | | | | |Net Sales |6,620 |7,483 |-12% | |(EUR`000) | | | | |EBIT (EUR`000) |702 |1,105 |-36% | |EBIT-Margin |11% |15% |-4pp | |Financial |272 |270 |+1% | |income (EUR`000)| | | | |Net income |680 |993 |-32% | |(EUR`000) | | | | |Earnings/share |0.06 |0.08 |-25% | |(EUR) | | | | Syzygy expects to generate growth in 2010. The quarterly report will be issued on April 29, 2010 and can be downloaded at http://www.syzygy.net in the Investor Relations section.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Katrin Schreyer
Telefon: +49/6172-9488251
E-Mail: ir@syzygy.net
Branche: Online
ISIN: DE0005104806
WKN: 510480
Index: CDAX, Prime All Share, Technology 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 von: SYZYGY, übermittelt durch news aktuell