DGAP-News: SYZYGY AG: Sales growth of 20% in Q3 / earnings guidance raised
(firmenpresse) - DGAP-News: SYZYGY AG / Key word(s): Interim Report/Quarter Results
SYZYGY AG: Sales growth of 20% in Q3 / earnings guidance raised
29.10.2013 / 13:28
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In the third quarter 2013, SYZYGY Group continued to develop positively and
produced the strongest organic growth in company history. Compared to
Q3-2012, sales were up 20% to EUR 9.4 million. In the 9-months period,
sales totalled EUR 26.3 million (+14%).
Operating income (EBIT) grew by 31% to EUR 661,000 in the third quarter
(prev. year: EUR 506,000). For the period from January to September, SYZYGY
reports EBIT of EUR 2.0 million, representing an increase of 5%. At EUR 1.4
million, financial income was significantly higher than in the previous
year (+49%).
Income before taxes showed growth of 20% to EUR 3.4 million compared to EUR
2.8 million in 9M-2012.
As at balance sheet day, net income totalled EUR 2.4 million. In 2012, high
tax refunds had a positive effect on net income which amounted to EUR 8.7
million.
Liquid funds and securities were at EUR 23.2 million. This figure
corresponds to a cash portion of EUR 1.82 per share.
Q3-2013 Q3-2012 Change 9M-2013 9M-2012 Change
Sales 9,370 7,825 +20% 26,303 23,171 +14%
(EUR'000)
EBIT 661 506 +31% 1,987 1,899 +5%
(EUR'000)
EBIT margin 7% 6% +1pp 8% 8% -
Financial income 570 427 +33% 1,371 919 +49%
(EUR'000)
Net income 852 665 +28% 2,401 8,682 -72%
(EUR'000)
EPS 0.07 0.05 +40% 0.19 0.68 -72%
(EUR)
For the current financial year, SYZYGY expects sales growth of about 13% to
some EUR 35 million. Operating income is likely to rise in line with sales.
SYZYGY now anticipates earnings per share of EUR 0.26 in 2013, thus raising
the earnings guidance by EUR 0.01.
The full financial report in English language will be available on Tuesday,
5 November 2013, at http://ir.syzygy.co.uk
End of Corporate News
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29.10.2013 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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236677 29.10.2013
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Datum: 29.10.2013 - 13:28 Uhr
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