Corporate | 30 April 2013 15:36

SYZYGY AG: Sales growth of 7%, net income increases by 5%

SYZYGY AG / Key word(s): Quarter Results/Interim Report

30.04.2013 / 15:36

Sales growth of 7%, net income increases by 5%

In the first quarter of 2013, SYZYGY Group generated sales of EUR 8.0 million, a 7 per cent increase compared to last year’s result.
Because of costs associated with setting up the new company Hi-ReS! Berlin founded in 2012, operating income (EBIT) fell by 10 per cent to EUR 0.70 million. The agency is expected to break even in the second quarter of 2013.

Financial income was at EUR 0.36 million (+55%), so that the net income totalled EUR 0.77 million (+5%). At EUR 0.06, income per share was at last year’s level.
Liquid funds and securities amounted to EUR 23.2 million, corresponding to a cash portion of EUR 1.81 per share.

For the current financial quarter, SYZYGY expects to further increase sales, thereby outperforming the result of Q1-2013. Operating income is expected to grow significantly in the second half-year, as start-up costs for new entities will probably no longer apply.

	Q1-2013	Q1-2012	Change
Sales (EUR’000)	7,978	7,477	+7%
EBIT (EUR’000)	705	782	-10%
EBIT margin	9%	10%	-1pp
Financial income (EUR’000)	356	230	+55%
Net income of the period (EUR’000)	769	730	+5%
Earnings/share (EUR)	0.06	0.06	–

The full financial report as per March 31, 2013, in English language will be issued on May 8, 2013, and can be downloaded at http://ir.syzygy.co.uk/default3_and_fz_menu=financial_reports_2013.aspx

End of Corporate News

30.04.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

Language:	English
Company:	SYZYGY AG
	Im Atzelnest 3
	61352 Bad Homburg
	Germany
Phone:	06172 9488100
E-mail:	info@syzygy.de
Internet:	www.syzygy.net
ISIN:	DE0005104806
WKN:	510480
Listed:	Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

209090  30.04.2013