24.01.2017
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DGAP-Adhoc: SYZYGY AG: SYZYGY posts best annual results in the company's history
DGAP-Ad-hoc: SYZYGY AG / Key word(s): Preliminary Results/Dividend
SYZYGY AG: SYZYGY posts best annual results in the company's history
24-Jan-2017 / 12:29 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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SYZYGY, the agency group for digital marketing, has posted high
double-digit growth for the fifth year in a row, achieving the best annual
results since the agency was established.
Provisional figures indicate that sales increased by 12 per cent about EUR
64.3 million. Currency effects negatively impacted sales by some EUR 2
million. Operating income rose by around 6 per cent to approximately EUR
5.6 million. Financial income totalled EUR 1.3 million resulting in a net
income before taxes of about EUR 6.9 million. Earnings per share will be
around EUR 0.39. The company has liquid funds of EUR 22.2 million.
The organic increase in sales is primarily due to the agency's success in
acquiring new business in 2016. New contracts were gained from language
school operator Berlitz, the BMW Lifestyle Group (e-shop), the Miles & More
frequent flyer programme and cosmetics company L'Oréal. These contracts
involve a broadening of the SYZYGY Group's portfolio. The digital experts
will further expand their services in the fast-growing field of content
marketing for L'Oréal, for example, and support Berlitz's digital
transformation into a global e-learning provider.
"Our success in acquiring a high number of new clients is thanks largely to
much closer interdisciplinary collaboration within the Group. We are one of
the few digital agencies that can offer companies front-end and back-end
implementation in addition to design, as well as providing marketing
services such as SEO and SEA. Customers benefit from end-to-end solutions
from a single source and very efficient working processes," said Lars
Lehne, Chairman of the Management Board of SYZYGY AG.
Due to good growth and the continuing strong cash position, the Supervisory
Board and Management Board of SYZYGY AG have today 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.
For the current financial year, the SYZYGY Group expects moderate sales
growth in the single-digit range, due in part to the impact of Brexit and
political and economic uncertainty in the United States.
The full annual report will be published on March 30, 2017.
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24-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: SYZYGY AG
Im Atzelnest 3
61352 Bad Homburg
Germany
Phone: 06172 9488100
E-mail: [email protected]
Internet: www.syzygy.net
ISIN: DE0005104806
WKN: 510480
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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538671 24-Jan-2017 CET/CEST
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