DGAP-News: SYZYGY AG: Sales growth of 14% in Q2-2013 / earnings before taxes up 22%
(firmenpresse) - DGAP-News: SYZYGY AG / Key word(s): Half Year Results
SYZYGY AG: Sales growth of 14% in Q2-2013 / earnings before taxes up
22%
31.07.2013 / 17:35
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In the first half year 2013, SYZYGY Group developed very dynamically and
enhanced sales by 10 per cent to EUR 16.9 million.
In line with expectations, operating income (EBIT) was down 5 per cent to
EUR 1.3 million due to start-up costs in H1. On a quarterly basis, SYZYGY
reports operating income of EUR 621,000, a 2 per cent rise on Q1-2012.
At EUR 0.8 million (+63%), financial income was very strong and more than
offset the decline in operating income. As a result, income before taxes
showed a 13 per cent increase and amounted to EUR 2.1 million. Net income
totalled EUR 1.5 million, representing earnings per share of EUR 0.12.
In the current financial year, SYZYGY expects to increase sales by 10 per
cent to some EUR 35.0 million. Operating income is expected grow in line
with sales. SYZYGY forecasts earnings per share of EUR 0.25. Deducting tax
effects of EUR 0.54 from last year's result of EUR 0.73, this figures
equates to growth of 32 per cent.
Q2-2013 Q2-2012 Change H1-2013 H1-2012 Change
Sales (EUR'000) 8,955 7,869 +14% 16,933 15,346 +10%
EBIT (EUR'000) 621 611 +2% 1,326 1,393 -5%
EBIT margin 7% 8% -1pp 8% 9% -1pp
Financial income 445 262 +70% 801 492 +63%
(EUR'000)
Income before taxes (EUR'000) 1,066 873 +22% 2,127 1,885 +13%
Net income (EUR'000) 780 7,287 -89% 1,549 8,017 -81%
Earnings per share 0.06 0.57 -89% 0.12 0.63 -81%
(EUR)
The half-year report in English language will be available on Thursday,
August 1, at http://ir.syzygy.co.uk
End of Corporate News
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31.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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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223695 31.07.2013
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Datum: 31.07.2013 - 17:35 Uhr
Sprache: Deutsch
News-ID 283511
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