SinnerSchrader publishes figures for the third quarter and the first nine months
of 2006/2007: growth in revenues on schedule at 17 per cent
Results below
target due to new organisational structure
Hamburg (euro adhoc) -
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balance/Q3 figures
Corporate News
SinnerSchrader has increased its revenues by 17 per cent in the first nine months of the 2006/2007 financial year (1 September 2006 to 31 May 2007) in comparison to the same period the previous year. In the third quarter (1 March to 31 May 2007), the revenues increased by 9 per cent compared to the same quarter the previous year.
Integrating the operating companies, which had been working independently, in the new organisational model under the agency brand SinnerSchrader led to one- off costs in the third quarter that burdened the operating result. The EBITA was EUR 75,000 compared to EUR 102,000 in the same period the previous year. In comparison to the first nine months, the operating result rose by almost 50 percent to EUR 0.6 million.
For the whole year 2006/2007, SinnerSchrader now expects revenues on schedule of approx. EUR 18.2 million and an EBITA of EUR 0.9 to EUR 1.0 million compared to the original target of EUR 1.2 million.
With its new organisational structure, SinnerSchrader sees itself armed for the fundamental change to the marketing world: the internet, as a means of reaching the customer more effectively and increasing loyalty to the brand, is back in the focus of attention amongst marketing managers. Agencies such as SinnerSchrader, which provide marketing consultants, creation und technical implementation under one roof, benefit from this.
On 31 May 2007, SinnerSchrader had a liquidity reserve of EUR 10.7 million, almost EUR 0.7 million more than on 31 August 2006. The equity ratio was 76.6 per cent.
In view of the positive development in liquidity, the Management Board and Supervisory Board have decided to make use of their right to buy back own shares.
| |3rd |3rd |9 months|9 months| | |quarter |quarter | | | | |06/07 |05/06 |06/07 |05/06 | | | | | | | |Total revenues (EUR 000s) |4,247 |3,912 |13,604 |11,662 | |Gross income (EUR 000s) |1,093 |1,041 |3,618 |3,406 | |EBITDA (EUR 000s) |177 |251 |874 |823 | |EBITA (EUR 000s) |75 |102 |571 |382 | |Net income (EUR 000s) |96 |160 |631 |402 | |Net income per share (EUR)|0.01 |0.01 |0.06 |0.04 | | | | | | | | |31.05.07|28.02.06|31.05.07|30.08.06| | | | | | | |Cash and cash | | | | | |equivalents (EUR 000s) |10,675 |10,561 |10,675 |10,005 | |Employees (end of period) |152 |157 |152 |143 |
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 152 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 12.07.2007 08:55:00
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: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade
Original-Content von: SinnerSchrader AG, übermittelt durch news aktuell