29.04.2015
SYZYGY AG DE0005104806
DGAP-News: SYZYGY AG: Good start to the new financial year // SYZYGY Group sales grow by 23% in Q1
DGAP-News: SYZYGY AG / Key word(s): Quarter Results
SYZYGY AG: Good start to the new financial year // SYZYGY Group sales
grow by 23% in Q1
29.04.2015 / 10:26
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Bad Homburg, April 29, 2015: SYZYGY Group produced a sustained high growth
in the first quarter of 2015: Sales of EUR 13.7 million in the first
quarter of 2015 saw the SYZYGY Group deliver strong growth of 23%. All
segments performed well in the period under review and contributed to the
growth of the SYZYGY Group.
Operating income (EBIT) rose by 20 per cent to EUR 1.3 million, with the
EBIT margin unchanged at 10 per cent. Adjusted pre-tax income increased 11
per cent to EUR 1.9 million. In addition to EBIT, a continuing high level
of financial income, amounting to EUR 0.6 million, contributed to the
result.
The previous year's earnings additionally included EUR 0.7 million in
revaluation effects resulting from first-time consolidation of Ars Thanea.
At EUR 1.4 million, net income was consequently EUR 0.5 million below the
figure for the previous year. This represents earnings per share of EUR
0.10 (previous year: EUR 0.14).
Liquid funds and securities totalled EUR 34.9 million at the balance sheet
date, corresponding to cash holdings of EUR 2.70 per share.
Q1 2015 Q1 2014 Change Sales (kEUR) 13,659 11,063 +23% EBIT (kEUR) 1,338 1,116 +20% EBIT margin 10% 10% - Financial income (kEUR) 556 587 -5% Net income before special 1,894 1,703 +11% factors and tax (kEUR) Revaluation effects resulting from - 650 -100% first-time consolidation (kEUR) Net income (kEUR) 1,394 1,865 -25% Earnings per share (EUR) 0.10 0.14 -29%The SYZYGY Group expects to be able to increase its sales in the current financial year by around 20 per cent to approximately EUR 55.0 million. Operating income is expected to increase ahead of sales. The segments will contribute to this growth in roughly equal measure. Earnings per share are likely to be EUR 0.40. The full quarterly report as at March 31, 2015 in English language will be available from May 8, 2015 at http://ir.syzygy.co.uk --------------------------------------------------------------------- 29.04.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 350319 29.04.2015
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