2014

Disclosure Announcement: Sales growth of 31 per cent / forecast for 2014 raised anew

In the third quarter, SYZYGY Group has built upon the very successful first half year: Sales were up 26 per cent to EUR 11.8 million, whereas in the 9-month-period, sales of EUR 34.3 million were generated (+31%). 

Operating income grew disproportionately by 52 per cent to EUR 1.0 million and by 53 per cent to EUR 3.0 million respectively. In the first nine months of the year, financial income was at EUR 1.7 million, representing an increase of 24 per cent as against last year's result. 

Net income enhanced by 56 per cent to EUR 3.8 million, resulting in earnings per share of EUR 0.28 (+47%). 

Due to the very high operating cash flow of EUR 9.4 million, liquid funds and securities increased significantly in the period under review: Totalling EUR 29.3 million (+18%) as at September 30, 2014, liquidity assets represented a cash portion per share of EUR 2.31. 

Due to the successful business development, SYZYGY raises the forecast for 2014 anew: The company now expects to generate sales of EUR 44.0 million (+26% compared to 2013) and an operating income of EUR 3.6 million (+80%). Earnings per share are expected to increase to EUR 0.33 (+27%). 

The financial report for the 9-month-period will be available in English language on November 7, 2014.

  Q3-2014 Q3-2013 Change 9M-2014 9M-2013 Change
Sales in EUR`000 11 772 9 370 +26% 34 345 26 303 +31%
EBIT in EUR'000 1 006 661 +52% 3 041 1 987 +53%
EBIT margin 9% 7% +2pp 9% 8% +1pp
Net income in EUR`000 1 100 852 +29% 3 755 2 401 +56%
Earnings per share in EUR 0.08 0.07 +14% 0.28 0.19 +47%