SYZYGY generates sales of EUR 14.9 million and grows by 6 per cent in core German market

The SYZYGY Group started the new 2020 financial year with sales of EUR 14.9 million, which corresponds to a 5 per cent decrease compared to the same period of the previous year.

The SYZYGY Group’s business grew again by 6 per cent in the core German market, with sales of around EUR 12.3 million and a continuing strong EBIT margin of 13 per cent. Internationally, there was a significant decline in sales, leading to a loss of EUR 0.2 million.

The SYZYGY Group’s operating income (EBIT) came in at EUR 1.1 million, with the EBIT margin declining from 9.2 per cent to 7.4 per cent.

Financial income was slightly negative at EUR -0.1 million, meaning that total net income after taxes is around EUR 0.7 million. Earnings per share are EUR 0.05.

 

Bad Homburg, April 28, 2020