27.03.2020 SYZYGY AG  DE0005104806

DGAP-News: SYZYGY AG: SYZYGY confirms preliminary figures: sales of EUR 64.2 million and EBIT of EUR 5.5 million - dividend proposal of EUR 0.20


 

DGAP-News: SYZYGY AG / Key word(s): Annual Results/Dividend
SYZYGY AG: SYZYGY confirms preliminary figures: sales of EUR 64.2 million and EBIT of EUR 5.5 million - dividend proposal of EUR 0.20

27.03.2020 / 13:01
The issuer is solely responsible for the content of this announcement.


- Group sales EUR 64.2 million (-2 per cent compared to previous year)
- Operating income EUR 5.5 million (-9 per cent compared to previous year)
- Net income EUR 4.2 million (-17 per cent compared to previous year)
- Proposed dividend EUR 0.20
- Outlook for 2020: sales down by 10 to 20 per cent and positive EBIT margin in the mid single-digit range
- Annual General Meeting postponed to 2nd half of 2020
 

The figures for 2019 as confirmed by the Supervisory Board and the auditor indicate that the SYZYGY Group generated sales of EUR 64.2 million, representing a slight decline of around 2 per cent compared to the previous year. The core German market again saw solid growth, with sales of approximately EUR 50 million and a very strong EBIT margin of 15 per cent. In contrast, international sales were down EUR 5 million at around EUR 14 million. The restructuring of the UK business had a negative impact of EUR 1.0 million on the financial year.

Operating income (EBIT) came in at EUR 5.5 million, leading to a slight reduction in the Group's EBIT margin from 9.2 per cent to 8.6 per cent. Financial income was slightly negative at EUR -0.3 million, meaning that total net income after taxes will be around EUR 3.5 million. Earnings per share are EUR 0.26.

The Management Board and Supervisory Board have decided to propose a dividend of EUR 0.20 per share for the 2019 financial year at the Annual General Meeting. This represents a substantial cut to the dividend; it takes account of earnings performance and the current market environment.

Leading economists believe that the coronavirus pandemic will result in a recession in the markets served by the SYZYGY Group. Changes in our clients' spending behaviour will lead to a downturn in sales, the extent of which is currently difficult to estimate. Based on the information available to date, SYZYGY AG expects sales to fall by between 10 and 20 per cent in the 2020 financial year. We anticipate an EBIT margin in the mid single-digit range.
 

  2019 2018 Change
Sales (kEUR) 64,243 65,816 -2%
EBIT (kEUR) 5,497 6,067 -9%
EBIT margin in % 8.6% 9.2% -0.6 pp
Financial income (kEUR) -303 470 n.a.
Net income (kEUR) 3,540 4,890 -28%
Earnings per share (EUR) 0.26 0.35 -26%
 

The full annual report for 2019 will be available from March 30, 2020 at http://ir.syzygy.de.
 

About the SYZYGY Group
SYZYGY is a leading consultancy and implementation partner for transformation of marketing and sales. SYZYGY designs, creates and orchestrates digital experiences and products for brands, companies and people. The Group's core services are strategy, products and activation, with technology as the connecting and scaling element.
Founded in 1995, the SYZYGY Group employs some 600 people across four countries. It has offices in Bad Homburg, Berlin, Frankfurt, Hamburg, Munich, London, New York and Warsaw.
In addition to the main brand, SYZYGY, and strategy consultancy firm diffferent, the Group includes Polish design studio Ars Thanea and consultancy USEEDS , which specialises in customer centricity. Its clients include prestigious brands such as Lufthansa, AVIS, BMW, comdirekt bank, Commerzbank, Daimler, Deutsche Bank, Kyocera, Mazda, Miles & More, o2, PayPal, Porsche, health insurer Techniker Krankenkasse and Volkswagen.


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


27.03.2020 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.de
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: 1008959

 
End of News DGAP News Service

1008959  27.03.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 60,67 65,82 64,24 55,52 60,12 70,61 71,74
EBITDA1,2 6,18 8,72 10,88 9,65 14,57 11,55 9,32
EBITDA-Marge3 10,19 13,25 16,94 17,38 24,24 16,36
EBIT1,4 4,10 6,07 5,50 4,00 6,38 -5,21 -0,66
EBIT-Marge5 6,76 9,22 8,56 7,20 10,61 -7,38 -0,92
Jahresüberschuss1 4,24 4,89 3,54 2,08 4,13 -7,38 -2,76
Netto-Marge6 6,99 7,43 5,51 3,75 6,87 -10,45 -3,85
Cashflow1,7 4,78 16,56 -4,46 10,01 8,14 12,56 7,07
Ergebnis je Aktie8 0,39 0,35 0,26 0,15 0,30 -0,56 -0,22
Dividende8 0,39 0,40 0,00 0,15 0,20 0,22 0,38
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - 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: Mazars

INVESTOR-INFORMATIONEN
©boersengefluester.de
Syzygy
WKN Kurs in € Einschätzung Börsenwert in Mio. €
510480 2,860 Halten 38,61
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,23 25,31 0,36 16,63
KBV KCV KUV EV/EBITDA
0,97 5,46 0,54 4,19
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,22 0,00 0,00 09.07.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
24.04.2024 26.07.2024 29.10.2024 28.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,56% -17,39% -12,80% -46,54%
    
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