Brief: Syzygy FY Sales Up At EUR 64.2 Million

Syzygy AG

31/01/2020 07:02

Jan 31 (Reuters) - SYZYGY AG  SYZG.DE :
    * PROVISIONAL FIGURES FOR 2019 INDICATE THAT SYZYGY GROUP
GENERATED SALES OF EUR 64.2 MILLION
    * FY OPERATING INCOME (EBIT) WILL COME IN AT EUR 5.5
MILLION,
LEADING TO A SLIGHT REDUCTION IN GROUP'S EBIT MARGIN FROM 9.2
PER CENT TO 8.6 PER CENT
    * SYZYGY AG EXPECTS SALES GROWTH IN LOW SINGLE-DIGIT
PERCENTAGE
RANGE IN 2020 FINANCIAL YEAR, COMBINED WITH AN INCREASE IN
PROFITABILITY COMPARED TO PREVIOUS YEAR
    * GROWTH IS EXPECTED TO TAKE PLACE IN GERMANY, WHILE
INTERNATIONAL
COMPANIES WILL SEE A SINGLE-DIGIT PERCENTAGE DECLINE IN SALES
AND GENERATE AN EBIT MARGIN IN MID SINGLE-DIGIT RANGE
    * FY FINANCIAL INCOME IS SLIGHTLY NEGATIVE AT EUR -0.3
MILLION,
MEANING THAT TOTAL NET INCOME AFTER TAXES WILL BE AROUND EUR 3.8
MILLION

Source text for Eikon:  ID:nEQbp3Fzja 
Further company coverage:  SYZG.DE 

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