Sales of EUR 55.2 million generated with EBIT margin of 7 per cent

  • Sales of EUR 55.2 million (-14 per cent on previous year) in line with forecast
  • German core market saw sales of EUR 45.2 million (-9 per cent on previous year) and an EBIT margin of 15 per cent
  • Operating income of EUR 3.9 million with an EBIT margin of 7 per cent; SYZYGY thus exceeds profitability forecast of mid single-digit range
  • Net income of around EUR 2.2 million
  • Proposed dividend for 2020 financial year: EUR 0.15 per share
  • Outlook for 2021: Sales growth of around 10 per cent and an EBIT margin in the high single-digit range

“My colleagues on the Management Board, Erwin Greiner and Frank Ladner, guided the SYZYGY Group safely and well through a challenging financial year that was dominated by the coronavirus pandemic. We actually managed to exceed our targets in the fourth quarter. That puts us on a strong footing as we move into 2021,” said CEO Franziska von Lewinski. “We are currently experiencing a major step-up in digital transformation. Customer channels are increasingly being digitised in marketing and sales. Analogue business models are being digitally transformed. Entirely new business ideas are also emerging that are predominantly digital. The SYZYGY Group is a reliable, highly capable and innovative partner for all these tasks.”

The full annual report for 2020 will be available from March 30, 2021 at http://ir.syzygy.de

 

Bad Homburg, January 27, 2021