Due to the COVID-19 pandemic, SYZYGY AG is holding a virtual annual general meeting on 27 October 2020 and will not propose a dividend distribution for the 2019 financial year

Due to the COVID-19 pandemic, this year’s Annual General Meeting scheduled for October 27, 2020 cannot take place as planned in Frankfurt. This is to safeguard the health of shareholders, employees and the service providers involved. Accordingly, it will be held as a purely virtual event, without the physical presence of shareholders.

In addition, the Management Board and Supervisory Board of SYZYGY AG have decided not to propose a dividend distribution for the 2019 financial year to the Annual General Meeting. The company’s management is adjusting the proposed appropriation of profits of EUR 0.20 per share previously announced for the 2019 financial year. The company is thus taking into account the business development and the current uncertain market environment.

Based on the information available to date, SYZYGY AG still expects sales to fall by between 10 and 20 per cent in the 2020 financial year. We anticipate an EBIT margin in the mid single-digit range.

The agenda for the Annual General Meeting will be published in the next days.

 

Bad Hamburg, August 31, 2020