SYZYGY AG: SYZYGY boosts profitability with 10 per cent EBIT margin in 2nd quarter - sales advance by 8 per cent compared to same quarter of previous year
July 20, 2018 at 08:15 am EDT
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DGAP-News: SYZYGY AG / Key word(s): Half Year Results
SYZYGY AG: SYZYGY boosts profitability with 10 per cent EBIT margin in 2nd quarter - sales advance by 8 per cent compared to same quarter of previous year
20.07.2018 / 14:09
The issuer is solely responsible for the content of this announcement.
- Sales up by 8 per cent to EUR 16.8 million - Operating income increased by 53 per cent to EUR 1.7 million - Net income up 28 per cent to EUR 1.4 million - Outlook for 2018: forecast confirmed, double-digit sales growth with rising profitability
The SYZYGY Group remains on a growth trajectory, with a rise in sales of 6 per cent to EUR 32.2 million in the first half of 2018. Operating income (EBIT) improved significantly, climbing 33 per cent to EUR 2.8 million, while the EBIT margin rose from 7.0 per cent to 8.7 per cent.
Financial income accounted for EUR 0.2 million of the total (previous year EUR 0.9 million). The annualised return on the securities portfolio was 5 per cent.
Liquid funds and securities declined from EUR 14.3 million to EUR 13.7 million in the reporting period. This figure includes the dividend of EUR 5.2 million paid on June 20, 2018.
Earnings before tax remained unchanged at EUR 3.0 million, while net income rose by 7 per cent to EUR 2.3 million.
Earnings per share were EUR 0.17 overall and EUR 0.10 in the second quarter.
"We regard these strong results as confirmation of our corporate reorganisation over the past year and a half. A change in strategy, management restructuring, consolidation and the successful integration of our acquisitions are clearly paying off. Going forward, these factors will continue to be a key driver of our success," commented Lars Lehne, Chairman of the Management Board of SYZYGY AG.
Q2 2018
Q2 2017
Change
H1 2018
H1 2017
Change
Sales (kEUR)
16,799
15,485
8%
32,223
30,280
6%
EBIT (kEUR)
1,690
1,102
53%
2,794
2,106
33%
EBIT margin
10.1%
7.1%
3.0pp
8.7%
7.0%
1.7pp
Financial income (kEUR)
84
405
-79%
235
908
-74%
Earnings before tax (kEUR)
1,774
1,507
18%
3,029
3,014
0%
Net income (kEUR)
1,404
1,097
28%
2,324
2,168
7%
Earnings per share(EUR)
0.10
0.11
-9%
0.17
0.20
-15%
Operating cash flow (kEUR)
978
-642
n.a.
4,891
-2,748
n.a.
The SYZYGY Group expects this strong performance to continue in the second half of the year and is confirming the forecast for the full year 2018. Double-digit sales growth and a rise in the EBIT margin in the upper single-digit range are expected for the current financial year.
The full six-monthly report will be available at http://ir.syzygy.de from August 3, 2018.
Contact:
Susan Wallenborn
Investor & Public Relations Manager
s.wallenborn@syzygy.de
20.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
SYZYGY AG
Horexstraße 28
61352 Bad Homburg v.d.H.
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, Tradegate Exchange
Syzygy AG is a Germany-based digital marketing company. The Company's activities include, among others, digital production services, such as film and computer generated imagery, Search Engine Marketing (SEM), Facebook advertising and affiliate marketing, and display and real time advertising. It operates through four segments: The Germany segment comprises the Company's activities in Germany; the United Kingdom segment covers clients from the United Kingdom; the United States segments includes the Company's activities in the United States, and the Other segment, which comprises Ars Thanea Rozbicki ska, a Poland-based subsidiary. The Company operates through offices in London in the United Kingdom, New York in the United States and Warsaw in Poland, as well as through offices in Berlin, Frankfurt, Hamburg and Munich in Germany.
SYZYGY AG: SYZYGY boosts profitability with 10 per cent EBIT margin in 2nd quarter - sales advance by 8 per cent compared to same quarter of previous year
SYZYGY AG 
