Corporate | 31 July 2013 17:35

SYZYGY AG: Sales growth of 14% in Q2-2013 / earnings before taxes up 22%

SYZYGY AG / Key word(s): Half Year Results

31.07.2013 / 17:35

Sales growth of 14% in Q2-2013/ earnings before taxes up 22%

In the first half year 2013, SYZYGY Group developed dynamically and enhanced sales by 10 per cent to EUR 16.9 million.
In line with expectations, operating income (EBIT) was down 5 per cent to EUR 1.3 million due to start-up costs in H1. On a quarterly basis, SYZYGY reports operating income of EUR 621,000, a 2 per cent rise on Q1-2012.

At EUR 0.8 million (+63%), financial income was very strong and more than offset the decline in operating income. As a result, income before taxes showed a 13 per cent increase and amounted to EUR 2.1 million. Net income totalled EUR 1.5 million, representing earnings per share of EUR 0.12.

In the current financial year, SYZYGY expects to increase sales by 10 per cent to some EUR 35.0 million. Operating income is expected grow in line with sales. SYZYGY forecasts earnings per share of EUR 0.25. Deducting tax effects of EUR 0.54 from last year’s result of EUR 0.73, this figures equates to growth of 32 per cent.

	Q2-2013	Q2-2012	Change	H1-2013	H1-2012	Change
Sales (EUR’000)	8,955	7,869	+14%	16,933	15,346	+10%
EBIT (EUR’000)	621	611	+2%	1,326	1,393	-5%
EBIT margin	7%	8%	-1pp	8%	9%	-1pp
Financial income (EUR’000)	445	262	+70%	801	492	+63%
Income before taxes (EUR’000)	1,066	873	+22%	2,127	1,885	+13%
Net income (EUR’000)	780	7,287	-89%	1,549	8,017	-81%
Earnings per share (EUR)	0.06	0.57	-89%	0.12	0.63	-81%

The half-year report in English language will be available on Friday, August 2, at http://ir.syzygy.co.uk .

End of Corporate News

31.07.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group 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

223695  31.07.2013