Universität Wien, Neues Institutsgebäude (NIG), HS II
Stadtname / PLZ
Di, 26.10.2021 12:59
Business news for the stock market
Syzygy AG: SYZYGY GROUP boosts sales by 10 per cent to EUR 44.7 million in first nine months of 2021,
with an EBIT margin of 10.3 per cent
Bad Homburg (pta016/26.10.2021/12:59) - The SYZYGY GROUP generated sales of EUR 44.7 million in the first nine months (January to September) of the 2021 financial year, representing an increase of 10 per cent compared with the same period of the previous year. Sales grew 6 per cent in the third quarter of 2021 compared to the same quarter in 2020.
The SYZYGY GROUP again achieved steady growth in its core German market, posting sales of EUR 35.4 million in the 9-month period. This represents sales growth of 6 per cent, with profitability (EBIT) remaining strong at 14 per cent.
The SYZYGY GROUP's operating income (EBIT) came in at EUR 4.6 million in the first nine months of the year, with the EBIT margin rising from 6.4 per cent to 10.3 per cent compared with the same period of the previous year. All the operating units in the SYZYGY GROUP contributed to profits, with the international companies posting particularly impressive performance.
Financial income was negative at around EUR -0.6 million, meaning that total net income after taxes is around EUR 4.1 million. Earnings per share are EUR 0.23.
The full interim report as at September 30, 2021 will be available at http://ir.syzygy.de from October 27, 2021.