SYZYGY grows by 3 per cent in the first quarter and confirms forecast for 2017

The SYZYGY Group remains on a growth trajectory. With sales of EUR 14.8 million in the first quarter of 2017, the agency group for digital marketing generated sales growth of 3 per cent compared with the same period of the previous year.

Operating income (EBIT) was EUR 1.0 million. Restructuring expenses at the Berlin subsidiary had a significant adverse impact on the results for the first quarter. The EBIT margin declined accordingly from 10 per cent to 7 per cent. Pre-tax income was EUR 1.5 million. Given a tax rate of 28 per cent, net income was EUR 1.1 million. This represents earnings per share of EUR 0.09 (previous year: EUR 0.10).

Liquid funds and securities totalled EUR 19.6 million at the balance sheet date, corresponding to cash holdings of EUR 1.53 per share.

The full quarterly report will be available at http://ir.syzygy.de on Friday, May 5, 2017. And in in English language it will be available from May 12, 2017.