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Hamburg, 13 January 2011 (euro adhoc) - In the first quarter of 2010/2011
(1 September to 30 November 2010), SinnerSchrader generated net revenues of
EUR 7.7 million and thus expanded its business by 29.5 per cent compared to the
same period in the previous year. This very dynamic growth is also reflected in
the development of the result: both the operating result (EBITA) and the net
income doubled compared to the values of the previous year, reaching new record
highs of EUR 1.2 million and EUR 0.8 million, respectively. The earnings per
share amounted to EUR 0.07.
With the final figures for the first quarter of the 2010/2011 financial year,
SinnerSchrader has confirmed the preliminary figures announced at the Annual
General Meeting on 16 December 2010. Revenues, EBITA, and net income
also surpassed the record values of the final quarter of the previous year by
13, 6, and 16 per cent, respectively.
The good business development of the last financial year is thus continuing to
gain momentum thanks to high demand. In light of stable business with existing
customers, this development is based primarily on the remarkable success with
which SinnerSchrader has managed to attract new customers to the Group over the
past twelve months. Over 27 per cent of net revenues in the first quarter were
generated with customers with whom SinnerSchrader did not yet have a business
relationship in the year before.
All segments contributed to the organic growth of revenues and earnings in the
first quarter of 2010/2011. The Interactive Media segment developed
particularly well. In the Interactive Marketing segment, spot-media AG has been
strengthened in the current second quarter by taking over the business of the
technically oriented Maris Consulting GmbH on 1 January 2011. With this
acquisition, the SinnerSchrader Group now has a location in Berlin. The
acquired business is expected to make a positive contribution to revenues and
EBITA in the remaining eight months of the 2010/2011 financial year.
Based on the welcome development of the first quarter, SinnerSchrader has
firmly underscored its forecast for the entire 2010/2011 financial year of
organic growth in revenues and EBITA of between 15 and 20 per cent. If these
business dynamics are maintained in the coming months, these targets may be
surpassed.
Due to the resumption of tax payments in November 2010 and a growth-related
increase in receivables vis-à-vis customers, the liquid funds temporarily
declined in the period of the report by EUR 0.5 million to EUR 7.8 million on
30 November 2010. By the end of the year, however, the liquid funds once again
amounted to over EUR 9 million despite the dividend payment of EUR 0.9 million
on 17 December 2010.
The equity ratio was 61.3 per cent as of the balance sheet date 30 November
2010. On that day, the SinnerSchrader Group had 322 employees.
The entire quarterly report can be downloaded from the Internet at
www.wkn514190.de/s2ir/en/5091.html from 3:00 p.m. today.
About SinnerSchrader
SinnerSchrader is one of the leading digital agencies in Germany.
SinnerSchrader develops interactive strategies, platforms, and applications
which create radical relationships between consumers and brands. The
SinnerSchrader Group has over 300 employees in Hamburg, Frankfurt am Main, and
Berlin who work for customers such as TUI, Tchibo, simyo, REWE, comdirect bank,
the Gucci Group, OTTO, mobilcom-debitel, and Steigenberger. 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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company: 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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