DGAP-News: SYZYGY AG: Sales growth of 7%, net income increases by 5%
(firmenpresse) - DGAP-News: SYZYGY AG / Key word(s): Quarter Results/Interim Report
SYZYGY AG: Sales growth of 7%, net income increases by 5%
30.04.2013 / 15:36
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In the first quarter of 2013, SYZYGY Group generated sales of EUR 8.0
million, a 7 per cent increase compared to last year's result.
Because of costs associated with setting up the new company Hi-ReS! Berlin
founded in 2012, operating income (EBIT) fell by 10 per cent to EUR 0.70
million. The agency is expected to break even in the second quarter of
2013.
Financial income was at EUR 0.36 million (+55%), so that the net income
totalled EUR 0.77 million (+5%). At EUR 0.06, income per share was at last
year's level.
Liquid funds and securities amounted to EUR 23.2 million, corresponding to
a cash portion of EUR 1.81 per share.
For the current financial quarter, SYZYGY expects to further increase
sales, thereby outperforming the result of Q1-2013. Operating income is
expected to grow significantly in the second half-year, as start-up costs
for new entities will probably no longer apply.
Q1-2013 Q1-2012 ChangeThe full financial report as per March 31, 2013, in English language will
Sales (EUR'000) 7,978 7,477 +7%
EBIT (EUR'000) 705 782 -10%
EBIT margin 9% 10% -1pp
Financial income 356 230 +55%
EUR'000)
Net income of the 769 730 +5%
period (EUR'000)
Earnings/share 0.06 0.06 -
EUR)
be issued on May 8, 2013, and can be downloaded at
http://ir.syzygy.co.uk/default3_and_fz_menu=financial_reports_2013.aspx
End of Corporate News
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30.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: SYZYGY AG
Im Atzelnest 3
61352 Bad Homburg
Germany
Phone: 06172 9488100
E-mail: info(at)syzygy.de
Internet: www.syzygy.net
ISIN: DE0005104806
WKN: 510480
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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209090 30.04.2013
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Datum: 30.04.2013 - 15:36 Uhr
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