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.
|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%|
|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%|