Annual forecast confirmed: SYZYGY remains on growth course

The SYZYGY Group remains on its growth trajectory, with a rise in sales of 6 per cent to EUR 48.1 million in the first nine months of 2018. Operating income (EBIT) improved significantly, climbing 34 per cent to EUR 4.5 million, while the EBIT margin rose from 7.5 per cent to 9.5 per cent.

Despite the Brexit-induced uncertainty in the UK, the SYZYGY Group has decided to invest in the market and has gained Ita Murphy, one of the most experienced communications professionals in the country, as UK CEO. Ita includes many years as managing director of media agency Mindshare and she has also held a variety of other senior positions on the client and media side. Ita Murphy has excellent links to the British business community and will primarily drive growth in new business and work on expanding the UK agency.

“The positive performance seen in the current year is an endorsement of the reorganisation measures we took last year. Restructuring and the integration of acquisitions such as diffferent and Catbird Seat are bearing visible fruit. This is paying off especially in Germany, our home market, which is outperforming with impressive growth of 22 per cent. Given the number of new client wins and new business enquiries, we are optimistic about the coming months,” commented Lars Lehne, Chairman of the Management Board of SYZYGY AG.

The full quarterly report will be available here from November 9, 2018.