DGAP-News: SYZYGY AG: Annual results for 2019 - Sales of EUR 64.2 million with solid growth in the core German market
DGAP-News: SYZYGY AG
/ Key word(s): Preliminary Results
Provisional figures for 2019 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 strong EBIT margin of 15 per cent. In contrast, international sales were down around EUR 5 million to EUR 14 million. The loss of AVIS as a client in the US and the restructuring of the UK business had a negative impact of EUR 0.9 million on the financial year.
Operating income (EBIT) will come 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 is slightly negative at EUR -0.3 million, meaning that total net income after taxes will be around EUR 3.8 million. Earnings per share will be approximately EUR 0.28. The SYZYGY Group will remain focused on expansion in its successful core German market in the 2020 financial year and move to deepen interdisciplinary cooperation. To help achieve this, the German performance marketing and media services at the Hamburg and Munich locations will be brought together under the name SYZYGY Performance Marketing.
The full annual report for 2019 will be available from March 30, 2020 at http://ir.syzygy.de.
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. Susan Wallenborn Investor & Public Relations Manager [email protected]
31.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 964427 |
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964427 31.01.2020