Ad-hoc | 30 July 2014 11:16
SYZYGY AG / Key word(s): Half Year Results/Change in Forecast
30.07.2014 11:16
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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With sales growth of 33 per cent to EUR 22.6 million, SYZYGY Group exceeded
expectations.
Operating income increased disproportionately by 53 per cent to EUR 2.0
million. Financial income also saw an uplift of 45 per cent to EUR 1.2
million. Net income was at EUR 2.7 million, representing an increase of 71
per cent as against last year's period. This results in earnings per share
of EUR 0.20 (+67%).
Operating cash flows of the period amounted to EUR 3.8 million.
As at balance sheet day, liquid funds and securities were at EUR 23.4
million, equalling a cash portion of EUR 1.81 per share.
Due to the very successful first half year and a positive business outlook,
SYZYGY AG has raised the forecast for the financial year 2014: Earnings per
share before special items are expected to grow by 23 per cent to EUR 0.32
(previous forecast: EUR 0.30). Sales expectations increased by 6 per cent
to EUR 42.5 million, representing growth of 21 per cent as against 2013.
With respect to operating income, SYZYGY now forecasts EUR 3.5 million
(previous forecast: EUR 3.2 million), which is a 75 per cent uplift
compared to 2013 results.
Q2-2014 Q2-2013 Change H1-2014 H1-2013 Change
Net sales (EUR'000) 11,510 8,955 +29% 22,573 16,933 +33%
EBIT (EUR'000) 919 621 +48% 2,035 1,326 +53%
EBIT margin 8% 7% +1pp 9% 8% +1pp
Financial income 571 445 +28% 1,158 801 +45%
(EUR'000)
Income before taxes 1,490 1,066 +40% 3,843 2,127 +81%
Net income (EUR'000) 790 780 +1% 2,655 1,549 +71%
Earnings / share 0.06 0.06 - 0.20 0.12 +67%
(EUR)
The financial report for the first half year 2014 in English language will
be available on Thursday, 7 August at http://ir.syzygy.co.uk
30.07.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SYZYGY AG
Im Atzelnest 3
61352 Bad Homburg
Germany
Phone: 06172 9488100
Fax:
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 Announcement DGAP News-Service
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