SYZYGY Group grows by 13 per cent in first nine months of 2016

The SYZYGY Group remains on a growth trajectory, with a further rise in sales of 13 per cent to EUR 47.2 million in the first nine months of 2016.

Operating income (EBIT) likewise improved by 13 per cent to reach EUR 4.3 million, while the EBIT margin was 9.2 per cent, as in the prior year.

Financial income fell due to a lower level of liquid funds and the situation in the capital markets, contributing EUR 1.1 million to results. A high annualised return of 6.7 per cent was achieved.

Growth is mainly being driven by the Germany and US segments. Operating profit (EBIT) will rise in line with sales, which means earnings per share are expected to be approximately EUR 0.40.

Due to ongoing positive prospects, SYZYGY AG is maintaining its forecast for the 2016 financial year and expects to increase sales to some EUR 65.0 million.

The full quarterly report will be available at http://ir.syzygy.de on Friday, October 28, 2016. And in in English language it will be available from November 4, 2016.

Read more