2014

Disclosure Announcement: SYZYGY enhances sales by 33 per cent / raises forecast for 2014

With sales growth of 33 per cent to EUR 22.6 million, SYZYGY Group exceeded expectations. 

Operating income increased disproportionately by 53 per cent to EUR 2.0 million. Financial income also saw an uplift of 45 per cent to EUR 1.2 million. Net income was at EUR 2.7 million, representing an increase of 71 per cent as against last year`s period. This results in earnings per share of EUR 0.20 (+67%). 

Operating cash flows of the period amounted to EUR 3.8 million. 

As at balance sheet day, liquid funds and securities were at EUR 23.4 million, equalling a cash portion of EUR 1.81 per share. 

Due to the very successful first half year and a positive business outlook, SYZYGY AG has raised the forecast for the financial year 2014: Earnings per share before special items are expected to grow by 23 per cent to EUR 0.32 (previous forecast: EUR 0.30). Sales expectations increased by 6 per cent to EUR 42.5 million, representing growth of 21 per cent as against 2013. 

With respect to operating income, SYZYGY now forecasts EUR 3.5 million (previous forecast: EUR 3.2 million), which is a 75 per cent uplift compared to 2013 results.

  Q2-2014 Q2-2013 Change H1-2014 H1-2013 Change
Sales in EUR`000 11 510 8 955 +29% 22 573 16 933 +33%
EBIT in EUR'000 919 621 +48% 2 035 1 326 +53%
EBIT margin 8% 7% +1pp 9% 8% +1pp
Financial income in EUR`000 571 445 +28% 1 158 801 +45%
Income before taxes in EUR`000 1 490 1 066 +40% 3 843 2 127 +81%
Net income in EUR`000 790 780 +1% 2 655 1 549 +71%
Earnings per share in EUR 0.06 0.06 - 0.20 0.12 +67%