Ad-hoc | 29 October 2004 07:45

Syzygy AG: positive business trend in Q3-2004 – EBIT increased by 37%

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Syzygy AG: positive business trend in Q3-2004 – EBIT increased by 37% – Sales of EUR 4.0 million, 7% growth compared to Q3-2003 – Operating income (EBIT) kEUR 312 following kEUR 227 in Q3-2003 – Net income of kEUR 663 following kEUR 739 in Q3-2003 – Earnings per share EUR 0.06 following EUR 0.06 in Q3-2003 – Liquid assets increase by EUR 1.6 million to EUR 47.3 million (corresponds to EUR 3.94 per share) Frankfurt, 29 October 2004 In the third quarter of 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 4.0 million in the second quarter of 2004. Accordingly, sales rose by 7.1% compared to Q3-2003. The operating income of kEUR 312 corresponds to an EBIT margin of 7.7%. The net income of kEUR 663 (Q3-2003: kEUR 739) corresponds to earnings per share of EUR 0.06. The operating cash flow development amounted to kEUR 1,552. Liquid assets increased by EUR 1.6 million over the second quarter of 2004, reaching EUR 7.3 million at 30 September. This corresponds to EUR 3.94 per share. Because of the lower stocks of liquid assets, financial income declined by kEUR 186 to kEUR 718 compared to the same period of the previous year, resulting in a yield of 5.9% on average liquidity reserves. Q3-2004 Q3-2003 difference Q2-2004 diff. Sales kEUR 4,035 kEUR 3,769 kEUR 266 kEUR 4,017 kEUR 18 EBIT kEUR 312 kEUR 227 kEUR 85 kEUR 300 kEUR 12 EBIT Margin 7.7% 6.0% 1.7pp 7.5% 0.2pp Net income kEUR 663 kEUR 739 kEUR -76 kEUR 610 kEUR 53 Earnings per share EUR 0.06 EUR 0.06 EUR 0.00 EUR 0.05 EUR 0.01 In the fourth quarter Syzygy is expecting lower sales according to plan, and operating income to decline slightly compared to the third quarter of 2004. This change is due to fewer working days in the forthcoming quarter. The expected earnings per share of EUR 0.21 for the financial year shall be confirmed. The quarterly report can be downloaded at http://www.syzygy.net Contact: Syzygy AG – Investor Relations Im Atzelnest 3 -61352 Bad Homburg Tel.: +49 (0)6172-9488-250 / Fax: +49 (0)6172-9488-270 E-mail: ir@syzygy.net end of ad-hoc-announcement (c)DGAP 29.10.2004 ——————————————————————————– WKN: 510480; ISIN: DE0005104806; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 290745 Okt 04