Ad-hoc | 30 April 2004 08:00

Syzygy AG: Business develops according to plan in Q1-2004 -EBIT increases by 43%

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Syzygy AG: Business develops according to plan in the first quarter 2004 – operating income (EBIT) increases by 43% compared to the same quarter of the previous year – Net income of kEUR 740 after kEUR 650 in Q1-2003 – Earnings per share 0.06 EUR after 0.05 EUR in Q1-2003 – Operating income (EBIT) kEUR 258 after kEUR 180 in Q1-2003 – Liquid assets increased by EUR 0.7 million to EUR 62.8 million Frankfurt, April 30, 2004 In the first quarter of 2004, Syzygy generated sales of EUR 3.7 million compared to EUR 3.8 million in the same period of the previous year and EUR 3.4 million in the fourth quarter of 2003. Accordingly, sales rose by 8.3% compared to the previous quarter, but fell by some 3.7% compared to the same quarter of the previous year. Net income amounts to kEUR 740 (kEUR 650 in same quarter of the previous year), which equates to earnings per share of EUR 0.06. In the first quarter of 2004, Syzygy AG was able to generate an operating income of kEUR 258 (corresponds to an EBIT margin of 7.0%). This equates to an increase of 43%. Operating cash flow stood at kEUR 940. Liquid assets rose by EUR 0.7 million and stood at EUR 62.8 million on March 31, 2004 (this equates to a value per share of EUR 5.23). The financial income increased year-on-year by kEUR 99 to kEUR 911, meaning that the average liquid reserves yielded a return of 5.8%. Q1-2004 Q1-2003 change Q4-2003 change Sales kEUR 3,663 kEUR 3,804 kEUR -141 kEUR 3,382 kEUR +281 EBIT kEUR 258 kEUR 180 kEUR +78 kEUR 172 kEUR +86 EBIT-Margin 7.0% 4.7% +2.3 pp 5.1% +1.9 pp Net income kEUR 740 kEUR 650 kEUR +90 kEUR 686 kEUR +54 Earnings per share EUR 0.06 EUR 0.05 EUR +0.01 EUR 0.06 0.00 For the first six months of 2004, Syzygy expects sales to remain constant at the same levels as the previous year, whilst profitability is expected to rise. Taken as a whole, Syzygy expects a growth in sales as well as a significant rise in the operating result for 2004 compared to the previous year. The quarterly report can be downloaded at http://www.syzygy.net . Contact: Syzygy AG – Investor Relations Im Atzelnest 3 – D – 61352 Bad Homburg Tel.: 06172-9488-251 / Fax: 06172-9488-270 E-mail: ir@syzygy.net http://www.syzygy.net end of ad-hoc-announcement (c)DGAP 30.04.2004 ——————————————————————————– WKN: 510480; ISIN: DE0005104806; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 300800 Apr 04