Ad-hoc | 30 July 2004 07:45

Syzygy AG: positive business trend in Q2-2004: EBIT rose by 48%

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Syzygy AG: positive business trend in Q2-2004: EBIT rose by 48% – Sales of EUR 4.0 million, 6% growth following Q2-2003 – Operating income (EBIT) kEUR 300 following kEUR 202 in Q2-2003 – Net income kEUR 610 following kEUR 682 in Q2-2003 – Earnings per share EUR 0.05 after EUR 0.06 in Q2-2003 – Liquid assets amounted to EUR 45.7 million following special distribution of EUR 18.0 million. Frankfurt, July 30th, 2004 In Q2-2004, Syzygy generated sales of EUR 4.0 million compared to EUR 3.8 million in the same period of the previous year and EUR 3.7 million in Q1-2004. Accordingly, sales rose 9.7% compared to the previous quarter and 6.2% over the same period of the previous year. The operating result of kEUR 300 corresponds to an EBIT margin of 7.5%. The net income of kEUR 610 (Q2-2003: kEUR 682) corresponds to earnings per share of EUR 0.05. The operating cash flow development amounted to kEUR 1,317. Liquid assets dropped by EUR 17.1 million; on 30th June they totalled EUR 45.7 million, corresponding to EUR 3.81 per share. The reduction was a result of the special distribution of EUR 18.0 million, while liquid assets from operating activities increased by EUR 0.9 million. Because of the lower stocks of liquid assets, financial income compared to the same period of the previous year declined by kEUR 180 to kEUR 658, resulting in a yield of 5.7% on average available liquidity reserves. Q2-2004 Q2-2003 Difference Q1-2004 Difference Sales kEUR 4,017 kEUR 3,784 kEUR 233 kEUR 3,663 kEUR 354 EBIT kEUR 300 kEUR 202 kEUR 98 kEUR 258 kEUR 42 EBIT-Margin 7.5% 5.3% 2.2pp 7.0% 0.5pp Net income kEUR 610 kEUR 682 kEUR -72 kEUR 740 kEUR -130 Earnings per share EUR 0.05 EUR 0.06 EUR -0.01 EUR 0.06 EUR -0.01 The company anticipates Q3 sales and operating income to remain unchanged from the level of the previous quarter. Because of the positive profit development in the first six months of the year, the company is raising its forecast for earnings per share for the financial year from EUR 0.20 to 0.21. The quarterly report can be downloaded from http://www.syzygy.de/investors . Contact: Syzygy AG – Investor Relations Im Atzelnest 3 – D-61352 Bad Homburg Phone: 49 (0)6172 9488251 / Fax: 06172-9488-270 e-mail: ir@syzygy.de http://www.syzygy.de end of ad-hoc-announcement (c)DGAP 30.07.2004 ——————————————————————————– WKN: 510480; ISIN: DE0005104806; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 300745 Jul 04