• 05.11.2009, 11:00:25
  • /
  • OTE0008

EANS-News: SinnerSchrader plans double-digit growth / 14.5 per cent revenue increase in 2008/2009 / Preliminary figures confirmed

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Hamburg (euro adhoc) - Despite the economic crisis, SinnerSchrader was able to
continue growing during the 2008/2009 financial year (September 2008 to August
2009). Gross revenues rose by 14.5 per cent compared to the year before to reach
EUR 27.7 million. Investments in the expansion of the service portfolio
amounting to EUR 1.0 million caused the operating result (EBITA) to decline to
EUR 1.4 million. Without these advance payments, the EBITA would have risen
slightly as planned from EUR 2.3 million in the year before to EUR 2.4 million.

The audited Consolidated Financial Statements which have been approved by the
Supervisory Board and are being presented today therefore confirm the
preliminary figures from 15 October 2009. Net revenues improved by 14.1 per cent
or EUR 2.6 million to reach EUR 20.9 million. Of this, EUR 2.2 million can be
attributed to the agency business of SinnerSchrader and spot-media. The media
business, including the ad serving services from newtention which SinnerSchrader
acquired in May 2009, grew by EUR 0.5 million. The e-commerce outsourcing
business which also started in the past financial year contributed nearly EUR
0.2 million.

Due to the costs for the establishment of new business segments, the
consolidated income to be attributed to SinnerSchrader's shareholders fell by
EUR 0.4 million compared to the year before to EUR 1.2 million. The earnings per
share amounted to 11 cents, or 3 cents less than in the previous year. The
liquidity reserve declined due to the investments by EUR 1.1 million to EUR 8.0
million as of 31 August 2009. The equity ratio was 62 per cent as of the report
date. At the end of August 2009, the SinnerSchrader Group had 279 employees, of
whom 17 were trainees.

For the 2009/2010 financial year, SinnerSchrader expects greater growth in net
revenues than in the past financial year and a significant improvement in the
operating result (EBITA), though the EBITA will still be burdened by start-up
costs in the field of e-commerce outsourcing. For the following year, too,
SinnerSchrader sees good prospects for double-digit growth rates in net revenues
and a disproportionately large improvement in the EBITA.

The Management Board and Supervisory Board will propose a dividend of 8 cents
per share at the Annual General Meeting on 16 December 2009. This amount would
once again be paid from the tax-recognised contribution account and would thus
be tax-free for those with minor holdings.

Dr Reinhard Pöllath, Chairman of the Supervisory Board of SinnerSchrader AG, has
announced that he will step down from his position at the end of the next Annual
General Meeting after ten years of service. At the Annual General Meeting, the
Management Board and Supervisory Board will propose Philip Seitz as the new
member of the Supervisory Board.

As of today, the Consolidated Financial Statements can be viewed on
SinnerSchrader's investor website at www.wkn514190.de. The complete Annual
Report will probably be published on 26 November 2009 in the same place.

About SinnerSchrader

SinnerSchrader is one of the leading interactive agencies in Germany.
SinnerSchrader creates interactive customer experiences and radical
relationships between brands and consumers. The SinnerSchrader Group has over
250 employees at its Hamburg and Frankfurt am Main sites who work for customers
such as Deutsche Bank, TUI, Tchibo, simyo, ECCO, comdirect bank,
mobilcom-debitel, Steigenberger, and Unitymedia. SinnerSchrader was founded in
1996 and has been quoted on the stock exchange since 1999.

Further inquiry note:
SinnerSchrader Aktiengesellschaft

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

Martin Recke, Head of Corporate Communications
T. +49. 40. 39 88 55-181

E-mail: ir@sinnerschrader.de
F. +49. 40. 39 88 55-100
end of announcement euro adhoc
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issuer: 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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