SYZYGY boosts profitability with 10 per cent EBIT margin in 2nd quarter

SYZYGY boosts profitability with 10 per cent EBIT margin in 2nd quarter – sales advance by 8 per cent compared to same quarter of previous year

The SYZYGY Group remains on a growth trajectory, with a rise in sales of 6 per cent to EUR 32.2 million in the first half of 2018. Operating income (EBIT) improved significantly, climbing 33 per cent to EUR 2.8 million, while the EBIT margin rose from 7.0 per cent to 8.7 per cent.

"We regard these strong results as confirmation of our corporate reorganisation over the past year and a half. A change in strategy, management restructuring, consolidation and the successful integration of our acquisitions are clearly paying off. Going forward, these factors will continue to be a key driver of our success," commented Lars Lehne, Chairman of the Management Board of SYZYGY AG.

The full six-monthly report will be available at http://ir.syzygy.de from August 3, 2018.