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
SYZYGY AG: Annual results for 2019 - Sales of EUR 64.2 million with solid growth in the core German market
31.01.2020 / 07:56
The issuer is solely responsible for the content of this announcement.
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.
Outlook
SYZYGY AG expects sales growth in the low single-digit percentage range in the 2020 financial year, combined with an increase in profitability compared to the previous year. Growth is expected to take place in Germany, while the international companies will see a single-digit percentage decline in sales and generate an EBIT margin in the mid single-digit range.
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.
Susan Wallenborn
Investor & Public Relations Manager
s.wallenborn@syzygy.de
31.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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