EANS-News: SinnerSchrader AG / SinnerSchrader achieves 12 per cent growth in third quarter of 2008/2009 / Full-year earnings forecast slightly adjusted downwards

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Hamburg (euro adhoc) - In the third quarter of the 2008/2009 financial year (1
March to 31 May 2009),
SinnerSchrader once again gained momentum after a weaker second quarter. Gross
revenues grew by 12 per cent compared to the third quarter of 2007/2008 to
reach EUR 6.9 million. This growth was not positively influenced by any
consolidation effect from the takeover of spot-media AG. Net revenues reached
EUR 5.1 million.

Incoming orders increased by almost 15 per cent compared to the previous
quarter and were 6 per cent higher than in the same quarter of the previous
year.

The positive revenue development caused the operating result (EBITA) to
increase by EUR 0.4 million compared to the previous quarter to reach
EUR 0.5 million. This was nearly the same level as in the previous year,
although
SinnerSchrader still carried preparatory costs of around EUR 0.2 million for the
establishment of new fields of business in the third quarter of 2008/2009.

One of the milestones in the establishment of these business fields was the
foundation in May 2009 of next commerce GmbH, which has already acquired a
customer from the fashion industry with its portfolio of e-commerce outsourcing
services. With the takeover of newtention technologies GmbH, SinnerSchrader
additionally acquired leading ad-serving technology to expand its own
performance marketing business.

In the first nine months of the 2008/2009 financial year, SinnerSchrader's
gross revenues increased by 18 per cent compared to the same period of the
previous year, including positive consolidation effects from the first half-
year, to reach EUR 20.8 million (EUR 15.5 million net). Despite accumulated
preparatory costs for the establishment of new fields of business amounting to
EUR 0.4 million, the EBITA reached EUR 1.2 million. In the previous year, the
operating result after the first nine months was nearly EUR 1.4 million.

The accumulated consolidated income for the reporting period came to
EUR 0.8 million, or EUR 0.07 per share, compared to EUR 1.2 million, or EUR 0.10
per
share in the previous year. A significant decline in earnings from the
investment of liquid funds as well as the planned amortisation of intangible
assets from acquisitions hampered this development.

In light of the development in the first nine months, the forecasted increase
in revenues compared to the 2007/2008 financial year can be emphatically
confirmed. However, as regards the operating result before investments in the
establishment of new fields of business, the goal of an increase compared to
the previous year appears increasingly unlikely, despite the positive
development in the third quarter, since the shortfall from the second quarter
could only be made up with an extraordinarily good fourth quarter and the
overall economic situation continues to restrain order clearance.

SinnerSchrader currently expects gross revenues for the financial year to
exceed EUR 27 million and EBITA to reach a level of EUR 1.5 million with
preparatory costs amounting to EUR 0.5 millon. The dividend payout for the
financial year will be adjusted according to the final results for the year and
is very likely to once again be tax free for minor shareholders.

The operating cash flows of the first nine months amounted to a good
EUR 1.9 million. Due to investments, the dividend payment, and the stock
repurchase programme, the liquidity reserve as of 31 May 2009 was
EUR 7.7 million, or EUR 1.3 million below the value of 31 August 2008. The
equity
ratio was 61.5 per cent as of 31 May 2009.

The entire quarterly report can be downloaded from the Internet at
http://www.wkn514190.de/s2ir/de/Finanzberichte.html from 3:00 p.m. today.

About SinnerSchrader

SinnerSchrader is one of the leading interactive agencies in Germany.
SinnerSchrader develops interactive customer experiences that radically deepen
the relationships between brands and consumers. SinnerSchrader was founded in
1996, has been quoted on the stock exchange since 1999, and has over 250
employees at its Hamburg and Frankfurt am Main sites.

Contact:

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: ir@sinnerschrader.de
F. +49. 40. 39 88 55-100

Further inquiry note:
Thomas Dyckhoff
CFO
Telefon: +49(0)40 398855-113
E-Mail: t.dyckhoff@sinnerschrader.de

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: info@sinnerschrader.de
WWW: http://www.sinner-schrader.de
sector: Software
ISIN: DE0005141907
indexes: CDAX, Prime All Share, Technologie All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English

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