Ad hoc: SYZYGY AG: SYZYGY enhances sales by 33 per cent / raises forecast for 2014

Mittwoch, 30.07.2014 11:20 von DGAP - Aufrufe: 437

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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