DGAP-News: syzygy AG

DGAP-News: syzygy AG: SYZYGY Group grows by further 12 per cent in first half of 2016

DGAP-News: SYZYGY AG / Key word(s): Half Year Results SYZYGY AG: SYZYGY Group grows by further 12 per cent in first half of 2016

20.07.2016 / 14:04 The issuer is solely responsible for the content of this announcement.

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The SYZYGY Group remains on a growth trajectory, with a further rise in sales of 12 per cent to EUR 30.8 million in the first half of 2016. Operating income (EBIT) improved significantly, climbing 16 per cent to EUR 3.0 million, while the EBIT margin rose from 9.2 per cent to 9.6 per cent.

Financial income fell due to a lower level of liquid funds and the situation in the capital markets, contributing EUR 0.8 million to results. A high annualised return of 6.5 per cent was achieved.

Liquid funds and securities declined from EUR 26.8 million to EUR 21.8 million in the period covered by the report, equivalent to EUR 1.70 per share.

Earnings before tax rose by 4 per cent to EUR 3.8 million, while net income remained at around the previous year's level when the higher tax rate is taken into account.

This represents earnings per share of EUR 0.20 (previous year EUR 0.20), or EUR 0.10 in the second quarter.



Q2 2016 Q2 2015 Change H1 2016 H1 2015 Change Sales (kEUR) 16,405 13,974 +17% 30,830 27,633 +12% EBIT (kEUR) 1,479 1,208 +22% 2,954 2,546 +16% EBIT margin 9.0% 8.6% +0.4pp 9.6% 9.2% +0.4pp Financial 404 524 -23% 800 1,080 -26% income (kEUR) Earnings 1,883 1,732 +9% 3,754 3,626 +4% before tax (kEUR) Net income 1,376 1,315 +5% 2,723 2,709 +1% (kEUR) Earnings per 0.10 0.10 0% 0.20 0.20 0% share (EUR) Operating 1,070 -1,900 n.a. 1,211 -3,062 n.a. cash flow (kEUR)

Due to ongoing positive prospects, SYZYGY AG is maintaining its forecast for the 2016 financial year and expects to increase sales to some EUR 65.0 million.

The full quarterly report as at June 30, 2016 in English language will be available from August 5, 2016 at http://ir.syzygy.co.uk

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20.07.2016 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 Im Atzelnest 3 61352 Bad Homburg Germany Phone: 06172 9488100 E-mail: info@syzygy.de Internet: www.syzygy.net ISIN: DE0005104806 WKN: 510480 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service ---------------------------------------------------------------------------

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