DGAP-Adhoc

SYZYGY AG: Sales growth of 39 per cent / strongest quarter in the company's history

SYZYGY AG / Key word(s): Quarter Results

16.04.2014 16:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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According to preliminary figures, SYZYGY Group produced the strongest
growth in company history in the first quarter of 2014: Sales amounted to
EUR 11.1 million, representing an increase of 39 per cent as against
Q1-2013.

Operating income (EBIT) improved disproportionately, growing 58 per cent to
EUR 1.1 million. EBIT margin was thus 10 per cent. At EUR 2.4 million,
income before taxes was up 122 per cent.
In addition to operating income, the high financial income of EUR 0.6
million (+65%) as well as valuation effects from the initial consolidation
of Ars Thanea of EUR 0.7 million made a contribution to this result.

Net income amounted to EUR 1.9 million, a 143 per cent increase compared to
Q1-2013. This figure results in earnings per share of EUR 0.14 (+133%)

Liquid funds and securities were at EUR 26.5 million, representing a cash
portion of EUR 2.07 per share.

                                      Q1-2014        Q1-2013        Change

Net sales (EUR'000)                    11,063          7,978          +39%

EBIT (EUR'000)                          1,116            705          +58%

EBIT margin                               10%             9%          +1pp

Financial income (EUR'000)                587            356          +65%

Valuation effect from                     650              -             -

initial consolidation (EUR'000)

Net income (EUR'000)                    1,865            769         +143%

Earnings / share (EUR)                   0.14           0.06         +133%

The interim report as per 31 March, 2014 in English language will be
available from May 9, 2014 at http://ir.syzygy.co.uk


16.04.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: SYZYGY AG
Im Atzelnest 3
61352 Bad Homburg
Germany
Phone: [phone]
Fax:
E-mail: [e-mail]
Internet: www.syzygy.net
ISIN: DE0005104806
WKN: 510480
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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