25.07.2019 SYZYGY AG  DE0005104806

DGAP-News: SYZYGY AG: Slight decline in sales, profitability unchanged


 

DGAP-News: SYZYGY AG / Key word(s): Half Year Results
SYZYGY AG: Slight decline in sales, profitability unchanged

25.07.2019 / 11:46
The issuer is solely responsible for the content of this announcement.


- Sales down by 2 per cent to EUR 31.6 million in first half of year

- Continuing growth in core German market with 14 per cent EBIT margin

- Operating income up marginally at EUR 2.8 million

- Net income EUR 2.1 million

- Outlook for 2019: sales at the previous year's level overall, with positive business performance in Germany contrasting with a decline in international business; operating EBIT margin of 8 to 9 per cent expected


The SYZYGY Group generated sales of EUR 31.6 million in the first 6 months of the financial year. This represents a fall of 2 per cent compared to the same period in the previous year. The German core market saw continuing solid growth, with sales of EUR 23.6 million, resulting in an EBIT margin of 14 per cent.

Earnings before tax were largely unchanged over the previous year at EUR 2.8 million, while net income declined to EUR 2.1 million. Earnings per share were EUR 0.15 overall and EUR 0.07 in the second quarter.

At EUR 15.8 million, sales in the second quarter were 5 per cent below the figure for the previous quarter. Operating income (EBIT) amounted to EUR 1.4 million, corresponding to an EBIT margin of 8.6 per cent.

Liquid funds and securities declined from EUR 13.7 million to EUR 8.3 million in the reporting period. This figure includes the dividend of EUR 5.4 million paid on June 12, 2019.

The positive sales trend in the German core market was unable to offset the weaker than expected performance of the international companies. This trend will continue in the second half of the year. Overall, the somewhat softer economy, especially in the UK market, is having an adverse impact on the SYZYGY Group's order book.

Accordingly, SYZYGY AG expects sales to remain at the prior-year level in the current financial year. Restructuring charges from international operations will be somewhat higher, with the result that an operating EBIT margin of 8 to 9 per cent is expected.

Multiple new client wins in the German market suggest that performance and growth in the core market will remain strong.
 

  Q2 2019 Q2 2018 Change H1 2019 H1 2018 Change
Sales (kEUR) 15,877 16,799 -5% 31,566 32,223 -2%
EBIT (kEUR) 1,365 1,690 -19% 2,807 2,794 0%
EBIT margin 8.6% 10.1% -1.5 pp 8.9% 8.7% 0.2 pp
Financial income (kEUR) -10 84 n.a. -18 235 n.a.
Earnings before tax (kEUR) 1,355 1,774 -24% 2,789 3,029 -8%
Net income (kEUR) 1,017 1,404 -28% 2,092 2,324 -10%
Earnings per share (EUR) 0.07 0.10 -30% 0.15 0.17 -12%
Operating cash flow (kEUR) 3,048 978 n.a. -6,220 4,891 n.a.
 

The full six-monthly report will be available at http://ir.syzygy.de from August 2, 2019.


Contact:
Susan Wallenborn
Investor & Public Relations Manager
[email protected]


25.07.2019 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.

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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
EQS News ID: 846725

 
End of News DGAP News Service

846725  25.07.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 57,31 64,27 60,67 65,82 64,24 55,52 61,50
EBITDA1,2 7,39 7,37 6,18 8,72 10,88 9,65 10,90
EBITDA-Marge3 12,89 11,47 10,19 13,25 16,94 17,38 17,72
EBIT1,4 5,27 5,60 4,10 6,07 5,50 4,00 5,25
EBIT-Marge5 9,20 8,71 6,76 9,22 8,56 7,20 8,54
Jahresüberschuss1 4,86 5,10 4,24 4,89 3,54 2,08 3,10
Netto-Marge6 8,48 7,94 6,99 7,43 5,51 3,75 5,04
Cashflow1,7 -2,42 5,93 4,78 16,56 -4,46 10,01 0,00
Ergebnis je Aktie8 0,37 0,39 0,39 0,35 0,26 0,15 0,23
Dividende8 0,37 0,38 0,39 0,40 0,00 0,15 0,20
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: BDO

INVESTOR-INFORMATIONEN
©boersengefluester.de
Syzygy
WKN Kurs in € Einschätzung Börsenwert in Mio. €
510480 6,600 Kaufen 89,10
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
22,00 24,30 0,86 19,24
KBV KCV KUV EV/EBITDA
1,69 8,90 1,60 8,55
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 0,15 2,27 28.05.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.04.2021 28.07.2021 27.10.2021 30.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,91% 1,27% 15,79% 29,41%
    
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