Corporate | 1 April 2015 09:26

SYZYGY AG: SYZYGY Group produces all-time high / net sales increase by 34 per cent

SYZYGY AG / Key word(s): Final Results/Forecast

2015-04-01 / 09:26

SYZYGY Group produces all-time high / net sales increase by 34 per cent

In 2014, SYZYGY Group continued to grow dynamically. Exceeding last year’s growth rates, the Group produced a new all-time high. The preliminary annual figures, as reported on January 27 ^th , have been confirmed and approved by the Supervisory Board. Net sales increase by 34 per cent to EUR 47.1 million and the operating income improves disproportionately, rising 90 per cent to EUR 3.8 million.
The financial income of EUR 2.2 million was slightly above last year’s level. Income before taxes rose to EUR 4.7 million (+41%). This results in earnings per share of EUR 0.35 (+35%).

As reported on January 27 ^th , due to this strong growth and the high liquidity, the Management and Supervisory Board of SYZYGY Group agreed to propose a dividend of EUR 0.35 to the Annual General Meeting on May 29 ^th , 2015. This represents an increase of 25 per cent against last year’s dividend of EUR 0.28.

Liquid funds and securities amounted to EUR 35.2 million as at balance sheet day, representing a cash portion of EUR 2.76 per share.

For the current financial year, SYZYGY Group expects to increase organic sales by some 20 per cent to EUR 55.0 million. Operating income is expected to grow disproportionately. The segments will equally contribute to growth. Earnings per share will supposedly reach EUR 0.40.

The full Annual Report for the year 2014 in English language will be available on April 10 ^th , 2015 at
http://ir.syzygy.co.uk

	2014	2013	Change
Net sales (EUR’000)	47,075	35,030	34%
EBIT (EUR’000)	3,843	2,023	90%
EBIT margin	8%	6%	+2pp
Financial income (TEUR)	2,157	2,124	+2%
Net income (EUR’000)	4,739	3,361	+41%
Earnings / share (EUR)	0.35	0.26	+35%

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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:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart

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