2013

Corporate News: Sales growth of 14% in Q2-2013, earnings before taxes up 22%

In the first half year 2013, SYZYGY Group developed dynamically and enhanced sales by 10 per cent to EUR 16.9 million. 

In line with expectations, operating income (EBIT) was down 5 per cent to EUR 1.3 million due to start-up costs in H1. On a quarterly basis, SYZYGY reports operating income of EUR 621,000, a 2 per cent rise on Q1-2012. 

At EUR 0.8 million (+63%), financial income was very strong and more than offset the decline in operating income. As a result, income before taxes showed a 13 per cent increase and amounted to EUR 2.1 million. Net income totalled EUR 1.5 million, representing earnings per share of EUR 0.12. 

In the current financial year, SYZYGY expects to increase sales by 10 per cent to some EUR 35.0 million. Operating income is expected grow in line with sales. SYZYGY forecasts earnings per share of EUR 0.25. Deducting tax effects of EUR 0.54 from last year?s result of EUR 0.73, this figures equates to growth of 32 per cent.

  Q2-2013 Q2-2012 Change H1-2013 H1-2012 Change
Sales in EUR`000 8 955 7 869 +14% 16 933 15 346 +10%
EBIT in EUR'000 621 611 +2% 1 326 1 393 -5%
EBIT margin 7% 8% -1pp 8% 9% -1pp
Financial income in EUR`000 445 262 +70% 801 492 +63%
Income before taxes in EUR`000 1 066 873 +22% 2 127 1 885 +13%
Net income in EUR`000 780 7 287 -89% 1 549 8 017 -81%
Earnings per share in EUR 0.06 0.57 -89% 0.12 0.63 -81%