Corporate News: SYZYGY confirms best-ever sales and earnings in 2016 - sales up 12 per cent – dividend of EUR 0.38 proposed
- Consolidated sales increased by 12 per cent to EUR 64.3 million
- Operating income up by around 6 per cent to EUR 5.6 million
- Net income up 5 per cent to EUR 5.1 million
- Attractive dividend of EUR 0.38 proposed
- Outlook for 2017: slight rise in sales and EBIT
The SYZYGY Group has achieved double-digit growth for the fifth year in succession, posting the best annual results since the agency was established. The provisional figures published on January 24, 2017 have now been confirmed and approved by the Supervisory Board. Sales increased by 12 per cent to EUR 64.3 million, while operating income rose by around 6 per cent to EUR 5.6 million. Financial income amounted to EUR 1.3 million. Net income after taxes was EUR 5.1 million (+5%), corresponding to earnings per share of EUR 0.39 (+5%).
Due to this buoyant growth and the continuing strong cash position, the Management Board and Supervisory Board of SYZYGY AG have decided to propose a dividend of EUR 0.38 per share for the 2016 financial year at the Annual General Meeting scheduled for June 30, 2017. Liquid funds and securities totalled EUR 22.2 million at the balance sheet date, equivalent to EUR 1.73 per share.
Outlook for 2017: modest increase in sales and EBIT
The SYZYGY Group expects to increase its sales again in the current financial year. SYZYGY is forecasting only a modest rise in sales in the lower single-digit range due to the uncertainty in the UK arising from the current lack of clarity around the outcome of Brexit, and political and economic uncertainty in the US. Operating income (EBIT) will rise slightly ahead of sales. All the individual segments will contribute in roughly equal measure to this growth. Any acquisitions, which are part of the SYZYGY Group's growth strategy, may affect these forecasts positively or negatively.
|Sales in EUR`000||64,237||57,311||12%|
|EBIT in EUR`000||5,596||5,268||6%|
|Financial income in EUR'000||1,336||1,975||--32%|
|Net income in EUR`000||5,097||4,864||5%|
|Earnings per share in EUR||0.39||0.37||5%|