EANS-News: SinnerSchrader AG / SinnerSchrader grows by 21 per cent in first half of 2008/2009 and invests in new fields of business

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Hamburg (euro adhoc) - SinnerSchrader reached the end of the first half of the
2008/2009 financial year (1 September 2008 to 28 February 2009) with a 21 per
cent increase in gross revenues. Gross revenues rose by EUR 2.4 million to reach
EUR 13.9 million, while net revenues improved by 22 per cent, reaching EUR 10.3
million.

Due to preparatory cost for the establishment of new fields of business
amounting to around EUR 0.2 million, the operating result (EBITA) declined by 19
per cent to EUR 0.7 million in comparison to the same period in the previous
year. The consolidated income in the first half-year came to EUR 0.5 million.
This corresponds to EUR 0.04 per share, which is EUR 0.02 less than in the
previous year.

In November 2008, SinnerSchrader began to set up an e-commerce unit which will
act as an outsourcing partner to customers by planning, implementing, and
operating complete e-commerce activities in return for a share of revenues.
Numerous customer inquiries prove that there is a concrete need for such
services and an acceptance of SinnerSchrader in this field of business.

With the takeover of the marketing business of the newtention group at the start
of December 2008, SinnerSchrader also started to expand its media business to
include the field of performance marketing in order to better address the demand
for efficient, service-oriented sales promotion via digital channels.

With these investments, SinnerSchrader is confirming its conviction that the
business of interactive agencies can develop positively in the year 2009 despite
the economic downturn, even though business development slowed down noticeably
in the second quarter of 2008/2009 due to the economy.

Gross revenues in the second quarter of 2008/2009, including positive
consolidation effects, amounted to EUR 6.6 million, just 9 per cent above the
corresponding quarter in the previous year. Net revenues improved by 8 per cent,
reaching EUR 4.8 million. Burdened by preparatory cost and initial losses, the
EBITA reached EUR 0.1 million in the quarter of the report. Incoming orders in
the second quarter of 2008/2009 were up by around 12 per cent in comparison to
the year before. The Steigenberger Hotel Group became a new customer for
SinnerSchrader.

In light of its business development in the first half-year, SinnerSchrader is
on course to surpass its revenues of the previous year of EUR 24.2 million in
the 2008/2009 financial year. However, an increase in the operating result
(EBITA) of EUR 2.3 million will only be possible before preparatory cost and
initial losses for the establishment of new fields of business. Both forecasts
apply only as long as there is no unexpected worsening of economic development
as a whole or, in particular, the economic development of individual customers
which cannot currently be foreseen.

The operating cash flows of the first half of 2008/2009 of around EUR 1.0
million were entirely invested in business expansion in the second quarter. The
payment of the dividend in December 2008 and the share buy-back programme were
therefore initially financed from the liquidity reserve which still amounted to
EUR 7.4 million on 28 February 2009. The equity ratio was 63.4 per cent on the
same date.

The entire quarterly report can be downloaded from the Internet at
http://www.wkn514190.de/s2ir/en/5091.html from 2:00 p.m. today.

About SinnerSchrader
SinnerSchrader is a leading interactive agency in Germany. SinnerSchrader
develops interactive customer experiences which radically intensify the
relationship between brands and consumers. SinnerSchrader was founded in 1996,
has been listed on the stock exchange since 1999, and has over 200 employees in
Hamburg and Frankfurt am Main.

Further inquiry note:
SinnerSchrader Aktiengesellschaft

Thomas Dyckhoff, CFO
T. +49. 40. 39 88 55-0

Martin Recke, Corporate Communication
T. +49. 40. 39 88 55-181

E-mail: [email protected]
F. +49. 40. 39 88 55-100

end of announcement euro adhoc
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emitter: SinnerSchrader AG
Völckersstraße 38
D-22765 Hamburg
phone: +49(0)40-398855-0
FAX: +49(0)40-398855-55
mail: [email protected]
WWW: http://www.sinner-schrader.de
sector: Software
ISIN: DE0005141907
indexes: CDAX, Prime All Share, Technologie All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf,
Börse München
language: English

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