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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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.

Further inquiry note:
Katrin Schreyer
Telefon: +49/6172-9488251
E-Mail: [email protected]
end of announcement euro adhoc
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issuer:   Syzygy AG
          Im Atzelnest  3
          D-61352 Bad Homburg
phone:    +49(0)6172 9488-100
FAX:      +49(0)6172 9488-272
mail:     [email protected]
WWW:      http://www.syzygy.net
sector:   Online

ISIN: DE0005104806
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English

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