2014

Disclosure announcement: Sales growth of 39 per cent / strongest quarter in the company's history

According to preliminary figures, SYZYGY Group produced the strongest growth in company history in the first quarter of 2014: Sales amounted to EUR 11.1 million, representing an increase of 39 per cent as against Q1-2013. 

Operating income (EBIT) improved disproportionately, growing 58 per cent to EUR 1.1 million. EBIT margin was thus 10 per cent. At EUR 2.4 million, income before taxes was up 122 per cent. 

In addition to operating income, the high financial income of EUR 0.6 million (+65%) as well as valuation effects from the initial consolidation of Ars Thanea of EUR 0.7 million made a contribution to this result. 

Net income amounted to EUR 1.9 million, a 143 per cent increase compared to Q1-2013. This figure results in earnings per share of EUR 0.14 (+133%) 

Liquid funds and securities were at EUR 26.5 million, representing a cash portion of EUR 2.07 per share. 

The interim report as per 31 March, 2014 in English language will be available from May 9, 2014.

  Q1-2014 Q1-2013 Change
Sales in EUR`000 11 063 7 978 +39%
EBIT in EUR`000 1 116 705 +58%
EBIT margin 10% 9% +1pp
Financial income in EUR'000 587 356 +65%
Valuation effect from initial consolidation in EUR?000 650 - -
Net income in EUR`000 1 865 769 +143%
Earnings per share in EUR 0.14 0.06 +133%