Ad-hoc | 29 April 2005 08:15

Syzygy AG: Business development according to plan in the first quarter of 2005

Ad hoc announcement §15 WpHG Financial Results for the first quarter of 2005 Syzygy AG: Business development according to plan in the first quarter of 2005 Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— – Sales of EUR 3.8 million, 3.8% growth compared to the first quarter of 2004 – Operating income (EBIT) kEUR 230 following kEUR 258 in Q1-2004 – Net income of kEUR 669 after kEUR 740 in Q1-2004 – Earnings per share with EUR 0.06 on the same level as last year – Liquid assets of EUR 50.0 million (corresponds to EUR 4.16 per share) Frankfurt, 29 April 2005 In the first quarter of 2005, Syzygy generated sales of EUR 3.8 million compared to EUR 3.7 million in the same period of the previous year. Accordingly, sales rose by 3.8%. The operating income (EBIT) of kEUR 230 corresponds to an EBIT margin of 6.1% compared to 7.0% in Q1-2004. The reduced operating income is attributable to one-time restructuring costs in UK. The net income amounts to kEUR 669 (previous year: kEUR 740). This corresponds to earnings per share of EUR 0.06. The operating cash flow development amounted to kEUR 536. Liquid assets remain unchanged and continue to stand at EUR 50.0 million resulting in a current cash portion of EUR 4.16 per share. Financial income reached kEUR 830 in the first quarter, leading to a yield of 6.6% on average liquidity reserves. Q1-2005 Q1-2004 Difference Q4-2004 Difference Sales kEUR 3,801 kEUR 3,663 3.8% kEUR 3,936 -3.4% EBIT kEUR 230 kEUR 258 -10.9% kEUR 222 3.6% EBIT margin 6.1% 7.0% -0.9 pp 5.6% 0.5 pp Net income kEUR 669 kEUR 740 -9.6% kEUR 882 -24.1% EPS EUR 0.06 EUR 0.06 0.0% EUR 0.07 -14.3% A stimulation of new business can be seen, especially in the UK. This applies to the financial services sector in particular. The backlog of orders for the coming quarter is above the level of the same quarter of the previous year. For the second quarter of the financial year, therefore, Syzygy expects rising revenues. The quarterly report can be downloaded at: http://www.syzygy.de under section investor relations Contact: Syzygy AG – investor relations Im Atzelnest 3 – 61352 Bad Homburg Tel.: 06172-9488-251 Fax: 06172-9488-272 E-Mail: ir@syzygy.de Syzygy AG Im Atzelnest 3 61352 Bad Homburg vdH Deutschland ISIN: DE0005104806 WKN: 510480 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 29.04.2005 290815 Apr 05