20.07.2016
SYZYGY AG DE0005104806
DGAP-News: SYZYGY AG: SYZYGY Group grows by further 12 per cent in first half of 2016
DGAP-News: SYZYGY AG / Key word(s): Half Year Results
SYZYGY AG: SYZYGY Group grows by further 12 per cent in first half of 2016
20.07.2016 / 14:04
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
The SYZYGY Group remains on a growth trajectory, with a further rise in
sales of 12 per cent to EUR 30.8 million in the first half of 2016.
Operating income (EBIT) improved significantly, climbing 16 per cent to EUR
3.0 million, while the EBIT margin rose from 9.2 per cent to 9.6 per cent.
Financial income fell due to a lower level of liquid funds and the
situation in the capital markets, contributing EUR 0.8 million to results.
A high annualised return of 6.5 per cent was achieved.
Liquid funds and securities declined from EUR 26.8 million to EUR 21.8
million in the period covered by the report, equivalent to EUR 1.70 per
share.
Earnings before tax rose by 4 per cent to EUR 3.8 million, while net income
remained at around the previous year's level when the higher tax rate is
taken into account.
This represents earnings per share of EUR 0.20 (previous year EUR 0.20), or
EUR 0.10 in the second quarter.
Q2 2016 Q2 2015 Change H1 2016 H1 2015 Change
Sales (kEUR) 16,405 13,974 +17% 30,830 27,633 +12%
EBIT (kEUR) 1,479 1,208 +22% 2,954 2,546 +16%
EBIT margin 9.0% 8.6% +0.4pp 9.6% 9.2% +0.4pp
Financial 404 524 -23% 800 1,080 -26%
income
(kEUR)
Earnings 1,883 1,732 +9% 3,754 3,626 +4%
before tax
(kEUR)
Net income 1,376 1,315 +5% 2,723 2,709 +1%
(kEUR)
Earnings per 0.10 0.10 0% 0.20 0.20 0%
share
(EUR)
Operating 1,070 -1,900 n.a. 1,211 -3,062 n.a.
cash flow
(kEUR)
Due to ongoing positive prospects, SYZYGY AG is maintaining its forecast
for the 2016 financial year and expects to increase sales to some EUR 65.0
million.
The full quarterly report as at June 30, 2016 in English language will be
available from August 5, 2016 at http://ir.syzygy.co.uk
---------------------------------------------------------------------------
20.07.2016 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.
Archive at 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
---------------------------------------------------------------------------
484323 20.07.2016
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
SYZYGY AG ISIN: DE0005104806 können Sie bei EQS abrufen
Internet-Services , 510480 , SYZ , XETR:SYZ