EANS-News: SinnerSchrader AG / SinnerSchrader grows by 8 per cent in first half of 2009/2010 / Operating result doubles

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Hamburg (euro adhoc) - SinnerSchrader continued its positive business
development in the first half of
the 2009/2010 financial year (1 September 2009 to 28 February 2010). Net
revenues rose by a good 8.4 per cent to around EUR 11.3 million. After a growth
rate of 6.4 per cent in the first financial quarter, SinnerSchrader achieved
double-digit growth of 10.8 per cent in the second quarter of 2009/2010. This
positive development was driven by the Interactive Marketing segment, which saw
revenue growth of 9 per cent in the first half-year. Incoming orders in the
first half of the financial year were nearly 16 per cent higher than in the
year before.

Business with new customers accounted for nearly 12 per cent of the net
revenues; this figure was a good 7 per cent last year. Among other things,
SinnerSchrader won and completed an order from the Otto Group to design and
implement the new online shoe shop mirapodo.de. SinnerSchrader also received
first orders from REWE, Heine Versand, and Radio Hamburg. spot-media won a
contract with the Hamburg duty-free shop operator Gebr. Heinemann.

SinnerSchrader was able to double its operating result (EBITA) to
EUR 0.8 million in the first half-year compared to the year before.
SinnerSchrader also continued to invest in the expansion of the new business
fields of e-commerce outsourcing and ad serving, the start-up costs for which
amounted to EUR 0.7 million in the half-year covered by the report. The
operating margin was 7.1 per cent.

SinnerSchrader has therefore confirmed its targets for the 2009/2010 financial
year and expects net revenue growth of over 14 per cent as well as a
disproportionate rise in the operating result (EBITA).

The net income improved in the first half-year by nearly EUR 0.4 million to
reach a good EUR 0.4 million. The earnings per share amounted to 4 cents.
Thanks to a strong operating cash flow since 31 August 2009, the liquidity
reserve grew by around EUR 1.0 million to reach EUR 9.0 million as of
28 February 2010, despite the dividend payment in December 2009. The equity
ratio was 60.7 per cent. On 28 February 2010, the SinnerSchrader Group had 294
employees.

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

In one of its regular meetings, the Supervisory Board approved the proposal of
the Management Board to begin buying back treasury stock again on the basis of
the authorisation granted by the Annual General Meeting on 16 December 2009.
The buy-back programme is initially scheduled to end on 31 August 2010, but at
the latest it will end when the share of treasury stock has reached a threshold
of 10 per cent of the share capital. SinnerSchrader AG currently holds treasury
stock which represents 2.34 per cent of the share capital.

About SinnerSchrader

SinnerSchrader is one of the leading interactive agencies in Germany.
SinnerSchrader develops digital strategies, platforms, and applications which
create radical relationships between consumers and brands. The SinnerSchrader
Group has around 300 employees who work for customers such as Deutsche Bank,
TUI, Tchibo, simyo, ECCO, comdirect bank, Heine, mobilcom-debitel,
Steigenberger, and Unitymedia. SinnerSchrader was founded in 1996 and has been
quoted on the stock exchange since 1999.

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

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