27.03.2018
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DGAP-News: SYZYGY AG: SYZYGY sees prospect of double-digit growth in 2018 - dividend of EUR 0.39 proposed
DGAP-News: SYZYGY AG / Key word(s): Final Results/Forecast
SYZYGY AG: SYZYGY sees prospect of double-digit growth in 2018 - dividend of
EUR 0.39 proposed
27.03.2018 / 13:04
The issuer is solely responsible for the content of this announcement.
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- Consolidated sales fall 6 per cent to EUR 60.7 million
- Operating income lower by around 27 per cent at EUR 4.1 million
- Total net income down 17 per cent at EUR 4.2 million
- Attractive dividend of EUR 0.39 proposed
- Outlook for 2018: double-digit sales growth
The SYZYGY Group's 2017 financial year was dominated by an extensive
restructuring exercise that put considerable pressure on operating income.
In addition, the loss of major client BMW Digital held back growth.
Due to strong new business demand, the focus on Germany as a growth market
and closer integration of the individual business areas, SYZYGY expects to
return to the growth strategy of recent years in 2018.
The provisional figures published on February 1, 2018 have now been
confirmed by the auditors and approved by the Supervisory Board. Sales
decreased by 6 per cent to EUR 60.7 million, while operating income fell by
around 27 per cent to EUR 4.1 million. Financial income improved 8 per cent
to EUR 1.4 million and was primarily derived from interest income and gains
realised on securities. Net income after taxes was EUR 4.2 million (-17%).
Due to negative minority interest, income attributable to shareholders was
EUR 5.0 million, corresponding to earnings per share of EUR 0.39.
Due to the strong cash position, the Management Board and Supervisory Board
of SYZYGY AG have decided to propose a dividend of EUR 0.39 per share for
the 2017 financial year at the Annual General Meeting scheduled for June 15,
2018.
Liquid funds and securities totalled EUR 16.0 million at the balance sheet
date, equivalent to EUR 1.18 per share.
Outlook for 2018: double-digit sales growth and increase in EBIT margin
The SYZYGY Group expects double-digit sales growth in the current financial
year, with a rise in the EBIT margin in the upper single-digit range. Growth
is expected to take place chiefly in Germany, while the performance of all
other segments will remain broadly unchanged. Operating income (EBIT) will
rise in line with sales.
2017 2016 Change
Sales (kEUR) 60,669 64,273 -6%
EBIT (kEUR) 4,096 5,596 -27%
EBIT margin 6.8% 8.7% -1.9pp
Financial income (kEUR) 1,440 1,336 +8%
Net income ( kEUR) 4,235 5,097 -17%
Earnings per share (EUR) 0.39 0.39 +0%
The full annual report for 2017 will be available from March 29, 2018 at
http://ir.syzygy.de.
About the SYZYGY Group
As a provider of technological, creative and media services in the digital
marketing space, the SYZYGY Group has around 700 employees. Established in
1995, it has branches in Bad Homburg, Berlin, Frankfurt, Hamburg, Munich,
London, New York and Warsaw.
Its clients include prestigious brands such as AVIS, BMW, comdirekt bank,
Commerzbank, Daimler, Deutsche Bank, Mazda, Miles & More, o2 and health
insurer Techniker Krankenkasse.
Contact:
Susan Wallenborn
Investor & Public Relations Manager
[email protected]
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27.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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
Horexstraße 28
61352 Bad Homburg v.d.H.
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 News DGAP News Service
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669253 27.03.2018
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