SYZYGY GROUP confirms provisional figures and record earnings: EBIT margin rises to 10.6 per cent in 2021 – sales reach EUR 60.1 million
03/29/2022 | 08:49am EDT
SYZYGY GROUP confirms provisional figures and record earnings: EBIT margin rises to 10.6 per cent in 2021 / sales reach EUR 60.1 million
March 29, 2022
Sales of EUR 60.1 million (+8 per cent compared to previous year)
Core German market: Sales of EUR 48.1 million (+6 per cent compared to previous year)
Operating income of EUR 6.4 million with an EBIT margin of 10.6 per cent (+60 per cent compared to previous year) - the best performance in the company's history
Net income of EUR 4.1 million
Earnings per share of EUR 0.30 (+100 per cent compared to previous year)
Proposed dividend for 2021 financial year: EUR 0.20 per share (+33 per cent compared to previous year)
Forecast for 2022: Sales growth of around 10 per cent with an EBIT margin of 10 per cent before special factors
The figures for 2021 as confirmed by the Supervisory Board and the auditor indicate that the SYZYGY GROUP generated sales of EUR 60.1 million and significantly boosted its profitability. The Group's operating income of around EUR 6.4 million represents the best performance since the company was established.
Financial income was EUR -1.0 million, meaning that total net income after taxes is EUR 4.1 million. This corresponds to earnings per share of EUR 0.30.
Core German market
The Germany segment boosted its sales by 6 per cent to EUR 48.1 million; the share of sales generated in the core market was thus around 78 per cent. EBIT before write-downs of goodwill stood at EUR 6.7 million (2020: EUR 6.6 million), with operating profitability remaining unchanged over the previous year at 14 per cent. The reported EBIT of EUR 3.9 million in the Germany segment includes write-downs of goodwill amounting to EUR 2.8 million.
The confirmed figures now available show that the international companies continued to perform well in the 2021 financial year. UK sales increased by 13 per cent in the reporting period to reach EUR 7.8 million, with operating profitability of 12 per cent. Sales in Poland and the US, the other non-German markets, likewise saw strong gains of 18 per cent, coming in at EUR 5.5 million. The EBIT margin here was 21 per cent.
"The quality of digital content and experiences makes the difference, it is our top priority at all levels. This approach enabled us to continue winning many new clients in 2021, such as the German Federal Press Office, Frankfurt Book Fair, Miles & More, and iTaxi in Poland.
As a result, our Group delivered strong performance overall in the past year.
Franziska von Lewinski, CEO der SYZYGY GROUP
+ 3,4 pp
Net income before tax
Earnings per share (EUR)
* in TEUR
Based on the strong earnings performance in the 2021 financial year, the Management Board and Supervisory Board will propose a dividend of EUR 0.20 per share at the Annual General Meeting scheduled for July 5, 2022.
The SYZYGY GROUP expects sales growth of around 10 per cent in the 2022 financial year, combined with an EBIT margin of 10 per cent before special factors.