Brief: Syzygy Q1 EBIT up 10 pct to 1.5 million euros
21/04/2016 14:31
April 21 (Reuters) - Syzygy AG SYZG.DE :
* Grows by 6 per cent in first quarter and raises forecast
for current financial year
* Sales of 14.4 million euros ($16.35 million) in Q1 of 2016
* Q1 EBIT rose by 10 per cent to 1.5 million euros, with
EBIT margin rising from 9.8 per cent to 10.2 per cent
* Q1 adjusted pre-tax income was 1.9 million euros
* Q1 net income was 1.3 million euros. This represents
earnings per share of 0.10 euros (previous year: 0.10 euros)
* Expects to achieve a significant increase in sales in Q2
* Instead of 63.0 million euros, now expects to generate
sales of 65.0 million euros in FY 2016
* Sees FY 2016 operating income to increase ahead of sales
Source text for Eikon: ID:nEQ6XCvcva
Further company coverage: SYZG.DE
($1 = 0.8808 euros)
(Gdynia Newsroom)
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