Ad-hoc | 26 March 2002 08:36

Syzygy AG english

syzygy AG publishes annual financial statements for 2001 and presents prospects Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– syzygy AG publishes annual financial statements for 2001 and presents prospects for 2002: – Sales on level of previous year, EBITDA result reduced – Annual financial statements for 2001 carry one-time effects amounting to EUR 8.0 million, syzygy AG persistently writes off complete goodwill amounting to EUR 7.1 million for acquisitions – Liquid funds increased to EUR 54.6 million during the 4th quarter Frankfurt, 26 March 2002 syzygy achieved sales amounting to EUR 17.6 million in 2001 (previous year EUR 16.1 million, pro forma EUR 17.6 million). The main contributor to sales was the business of the German subsidiary achieving EUR 7.8 million (previous year EUR 5.2 million) and thus a growth of 51%. The operating result before depreciation (EBITDA) amounted to EUR-0.9 million (previous year EUR 1.8 million), the result after taxes was EUR-7.2 million (previous year EUR+35,000). This corresponds to a loss per share of EUR- 0.60(previous year EUR +0.01). The negative EBITDA result was primarily caused by a reduction in the sales of the English and French subsidiaries and a simultaneous increase in costs of all units as well as one-time restructuring expenses amounting to about EUR 0.6 million. The loss after taxes (EUR 7.2 million) is primarily due to the non-scheduled complete write-off of the goodwill of syzygy France S.A. amounting to EUR 7.1 million. syzygy has liquid funds of EUR 54.6 million (previous year EUR 55.9 million) at its disposal corresponding to a cash value of EUR 4.55 per share. syzygy increased liquid funds by EUR 1.0 million during the 4th quarter. Liquid funds gained interest amounting to EUR 2.7 million in 2001. Total year 2001 Total year 2000 4th quarter 2001 4th quarter 2000 Sales EUR 17.627 million EUR 16.113 million EUR 4.219 million EUR 4.564 million EBITDA EUR-0.860 million EUR 1.848 million EUR-0.458 million EUR-0.295million EBITDA margin -4.9 % 11.5 % -10.9 % -6.5 % Result for EUR-7.182 EUR 0.035 EUR-7.384 EUR-1.088 the period million million million million Profit per share EUR-0.60 EUR 0.01 EUR-0.62 EUR-0.09 syzygy expects sales on the level of the previous year for 2002 due to the continuing difficult market environment as well as a return to operating profits (EBITDA) during the second half of the year. Contact: syzygy AG – Joachim Sorg – Investor Relations Im Atzelnest 3-61352 Bad Homburg Tel.: +49-6172-9488-251 /Fax: +49-6172-9488-270 E-mail: j.sorg@syzygy.net / http://www.syzygy.net end of ad-hoc-announcement (c)DGAP 26.03.2002 ——————————————————————————– WKN: 510 480; ISIN: DE0005104806; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 260836 Mär 02