EANS-News: SinnerSchrader AG
SinnerSchrader grows by 32 per cent in first nine
months of 2010/2011
Operating result doubles
Growth strategy confirmed
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- quarterly report/3rd Group Quarterly Financial Report 2010/2011 Hamburg, 14 July 2011 (euro adhoc) - SinnerSchrader ended the first nine months of the 2010/2011 financial year (1 September 2010 to 31 May 2011) with net revenue of EUR 22.6 million. Net revenue rose by 31.9 per cent compared to the same period in the previous year. It amounted to EUR 7.8 million in the third quarter and was thus 32.6 per cent higher than in the third quarter of 2009/2010. The revenue of the first and second quarters was surpassed by 1.2 per cent and 9.0 per cent respectively. This revenue development documents SinnerSchrader´s growth-oriented strategy for the 2010/2011 financial year. SinnerSchrader launched several new business initiatives in the first half of the year, and it expanded its service portfolio towards the end of the third quarter with an eye to the growing importance of mobile devices for digital marketing by taking over TIC-mobile GmbH in Berlin. The latest subsidiary of the SinnerSchrader Group, now named SinnerSchrader Mobile GmbH, will begin contributing to the Group´s growth in the next quarter through mobile applications, e.g., for simfy, Germany´s leading provider of streaming music services. This extremely dynamic growth was the result of both the expansion of the service portfolio and the success in acquiring new clients. In the quarter of the report, the SinnerSchrader agency implemented its first project for the Bauer Media Group: a subscription portal which SinnerSchrader will also be responsible for maintaining. Haasenstein, the creative agency established in February, completed its first project in the third quarter by launching an extensive campaign for TUIfly.com. The revenue growth had a positive effect on the development of the operating result (EBITA) and also of net income. In the first nine months, EBITA nearly doubled from EUR 1.05 million in the comparable period of the previous year to EUR 2.0 million in the current year. Net income grew at an even higher rate in the first nine months, totalling EUR 1.1 million or EUR 0.10 per share and thus already reaching the value of the previous year as a whole. As expected, however, the costs and start-up losses involved in expanding the business caused income to develop much more slowly in the third quarter. EBITA improved slightly to EUR 0.3 million compared to the same quarter in the previous year (EUR 0.25 million) but remained considerably below the level of the first two quarters. Net income in the third quarter amounted to EUR 0.1 million. SinnerSchrader´s forecast following the end of the first half-year has therefore been confirmed: net income for the year as a whole will be more than 25 per cent higher than in the previous year, but the growth of the operating result will probably not surpass the current expected corridor of between 15 and 20 per cent. Investments in the expansion of the SinnerSchrader Group and the higher amount of funds tied up in working capital, together with the dividend payment in December, caused the amount of liquid funds to decrease compared to 31 August 2010 by EUR 2.5 million to EUR 5.8 million. The equity ratio was 54.3 per cent as of the report date. On 31 May 2011, the SinnerSchrader Group had 396 employees. The quarterly financial report will be available in the Internet from 3 p.m. today at www.wkn514190.de/s2ir/de/Finanzberichte.html. 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 F. +49. 40. 39 88 55-55 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 von: SinnerSchrader AG, übermittelt durch news aktuell