Ad-hoc | 31 July 2001 08:33

Syzygy AG english

Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– syzygy AG releases its results for the second Quarter 2001 – Back to operating profitability and positive Earnings per share (Eur 0.01) – 13% sales growth compared to Q1 2001, 2.1% growth vs H1 2000 Bad Homburg, 31. July 2001 syzygy AG, the pan-European eBusiness solutions provider, today released their final results for the second quarter 2001 The company succeeded in growing sales by 13.1% in the second quarter 2001 compared to the first quarter of this year. This is a 2.8% decline on the second quarter of 2000. t.Sales for the first six months in 2001 are Eur 8.63m compared to Eur 8.45m for the comparable period of 2000, a growth rate of 2.1%. As planned, syzygy not only succeeded in reducing the loss of the first quarter, but regained operating profitability (EBITDA) as well as a positive net income for the second quarter. The cash reserve remains at Eur 53.2m. The figures for the group are as follows: 2nd quarter 2001 2nd quarter previous 1st quarter 2001 2000* year Sales Eur4.582 million Eur4.713million -2.8% Eur4.051 million EBITDA Eur0.024 million Eur0.713million -96.6% Eur-0.498million EBITDA margin 0.5% 15.1% -14.6pp -12.3% Result for the Eur0.062 million Eur0.127 million -51.1% Eur-0.209million period Earnings per share Eur 0.01 n/a n/a Eur-0.02 * pro forma syzygy AG- The Board of Management contact: syzygy AG-Joachim Sorg (Investor Relations) Im Atzeinest 3-61352 Bad Homburg/Germany Tel.: +49-6172/9488-100 Fax: +49-6172/9488-270 E-mail: i. sorg@svzvqy.net www.syzygy.net end of ad hoc announcement (c) DGAP 31.07.2001 Issuer’s information/explanatory remarks concerning this ad hoc announcement: Explanations to the trading of the 2nd quarter 2001 Sales Volatile market conditions in the IT services and eBusiness sector continued throughout the second quarter of 2001. Nevertheless, syzygy succeeded in growing sales in alt three businesses compared to the first quarter of 2001. Profitability The Group’s profitability in the second quarter of 2001 was positively impacted by the higher level of revenues in all three countries as well as the strict cost management throughout the group. People As per30.06.2001 syzygy employed 177 people vs. a staff of 174 (31.03.2001). Outlook Although the market remains tough and volatile in all three of syzygy’s regions, demand has increased quarter on quarter, and syzygy expects sales and profit for the second half of 2001 to continue to increase on the results of the reported quarter. ——————————————————————————– WKN: 510 480; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 310833 Jul 01