DGAP-News

PLEASING FIRST FINANCIAL QUARTER OF 2016/2017 / EBITA IMPROVED BY MORE THAN 50 PER CENT OVER PREVIOUS YEAR / WELL-FILLED ORDER BOOKS BACK UP REVENUE FORECAST

DGAP-News: SinnerSchrader AG / Key word(s): Quarter Results
PLEASING FIRST FINANCIAL QUARTER OF 2016/2017 / EBITA IMPROVED BY MORE THAN
50 PER CENT OVER PREVIOUS YEAR / WELL-FILLED ORDER BOOKS BACK UP REVENUE
FORECAST

13.01.2017 / 08:20
The issuer is solely responsible for the content of this announcement.

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SinnerSchrader got the 2016/2017 financial year off to a successful start.
In the first quarter (1 September to 30 November 2016), the Group generated
net revenue of 13.3 million euros, an operating result (EBITA) of around
1.3 million euros and net income of 0.9 million euros. While the increase
in revenue appears to be restrained at just under 0.5 million euros or
3.6 per cent over that of the previous year, the EBITA and net income have
improved by more than 50 per cent in comparison to the figures for the
first quarter of 2015/2016.

Business volume experienced only slight growth in the quarter of the report
because the cooperation with Audi that started in July 2016 was still being
established. However, due to the further expansion of the cooperation and
positive developments in other important client relationships, at the end
of the first business quarter the order books of the SinnerSchrader Group
are already well-filled for the rest of the 2016/2017 financial year.
Furthermore, with its unique combination of platform and content expertise,
SinnerSchrader acquired its first client from the pharmaceuticals industry
in the quarter under review.

The good development of the business perspective goes hand in hand with a
pleasing development of profitability. The operating margin improved from
6.5 per cent in the previous year to 9.6 per cent in the first quarter of
2016/2017. The operating result (EBITA) thus increased by a good
0.4 million euros or more than 52 per cent in comparison to the previous
year. After tax, the rise in the EBITA was reflected in the net income with
an increase by a good 0.3 million euros, resulting in the net earnings
dynamics to be even higher at 58 per cent. In the quarter of the report,
the earnings per share reached 0.08 euros, following 0.05 euros in the
previous year.

On the basis of the development of business in the first quarter of
2016/2017, which slightly exceeded internal planning, SinnerSchrader is
confident that it will achieve its forecast for the financial year: revenue
of more than 56 million euros, EBITA in the range of 5.8 to 5.9 million