31.03.2014
SYZYGY AG DE0005104806
DGAP-News: SYZYGY AG: SYZYGY Group achieves double-digit growth / very positive outlook for 2014
DGAP-News: SYZYGY AG / Key word(s): Final Results
SYZYGY AG: SYZYGY Group achieves double-digit growth / very positive
outlook for 2014
31.03.2014 / 17:14
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Once again in 2013, SYZYGY Group was able to achieve double digit growth
and increase organic net sales by 13 per cent to EUR 35.0 million. Thus,
2013 is one of the most successful years in the company's history.
Operating income was down slightly to EUR 2.0 million (-5%) due to special
effects. Financial income of EUR 2.1 million represents an increase of 66
per cent compared to 2012. Income before taxes rose to EUR 4.1 million
(+22%).
Net income of EUR 3.4 million results in earnings per share of EUR 0.25.
Already on 22 January, the Management Board and the Supervisory Board of
SYZYGY AG announced to propose a dividend of EUR 0.28 to the Annual General
Meeting.
Liquid funds and securities amounted to EUR 24.8 million as at balance
sheet day, representing a cash portion of EUR 1.93 per share.
For the current fiscal year, SYZYGY expect to improve net sales by at least
15 per cent to EUR 40.0 million. Thereof, EUR 1.5 million will be
contributed
by Ars Thanea; the company will be fully consolidated in 2014, as SYZYGY
raised its stake in the Polish Agency from 26 to 70 per cent in February
2014. Operating income is expected to grow disproportionately by some 60
per cent to EUR 3.2 million. Earning per share will supposedly reach EUR
0.30.
2013 2012 Change Net sales (EUR'000) 35,030 31,115 +13% EBIT (EUR'000) 2,023 2,121 -5% EBIT margin 6% 7% -1pp Financial income 2,124 1,283 +66% (EUR'000) Net income (EUR'000) 3,361 9,022 -63% Earnings / share 0.26 0.73 -64% (EUR)The Annual Report 2013 in English language will be available on Friday, 25 April and can be downloaded at ir.syzygy.co.uk End of Corporate News --------------------------------------------------------------------- 31.03.2014 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. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: SYZYGY AG Im Atzelnest 3 61352 Bad Homburg Germany Phone: 06172 9488100 E-mail: [email protected] 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 --------------------------------------------------------------------- 260772 31.03.2014
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