EANS-Adhoc: Syzygy AG / Second quarter operating income up 43% as against Q1-2010

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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6-month report

27.07.2010

In the second quarter of 2010, Syzygy Group was able to improve
results significantly as compared to Q1-2010: Net sales were up 6%
at EUR 7.0 million and operating income rose by 43% to EUR 1.0
million. Financial income amounted to EUR 0.3 million (+10%). After
income taxes, net income of EUR 0.9 million (+34%) remained,
representing earnings per share of EUR 0.07.

In the first half year of 2010, Syzygy generated gross sales of EUR
42.5 million (+8%) and net sales of EUR 13.7 million (-9%). At EUR
1.7 million, operating income was a fifth below the previous year´s
figure. Financial income was up 6% to EUR 0.6 million. Net income
of EUR 1.6 million (-23%) corresponds to earnings per share of EUR
0.13.

Due to the payment of dividends and earn-out-obligations, liquid
funds and securities reduced by EUR 3 million or 14% to EUR 17.6
million. This is equivalent to a cash portion of EUR 1.37 per
share.

| |Q2-2010|Q1-2010|Diff. |H1-2010 |H1-2009 |Diff.|
|Gross sales |21,202 |21,337 |-1% |42,539 |39,560 |8% |
|(EUR`000) | | | | | | |
|Net sales |7,043 |6,620 |6% |13,663 |14,988 |-9% |
|(EUR`000) | | | | | | |
|EBIT (EUR`000) |1,006 |702 |43% |1,708 |2,131 |-20% |
|EBIT margin |14% |11% |3pp |13% |14% |-1pp |
|Financial income|300 |272 |10% |572 |542 |6% |
|(EUR`000) | | | | | | |
|Net income |910 |680 |34% |1,590 |2,054 |-23% |
|(EUR`000) | | | | | | |
|EPS (EUR) |0.07 |0.06 |17% |0.13 |0.17 |-24% |

For the second half of 2010, Syzygy expects an improvement of sales
and significant growth in the operating income as compared to H1-
2010.

The quarterly report will be issued on July 29, 2010, and can be
downloaded at http://www.syzygy.net in the Investor Relations
section.

end of announcement euro adhoc
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ots Originaltext: syzygy AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Katrin Schreyer

Telefon: +49/6172-9488251

E-Mail: ir@syzygy.net

Branche: Online
ISIN: DE0005104806
WKN: 510480
Index: CDAX, Prime All Share, Technology All Share
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