CONSOLIDATED FINANCIAL STATEMENTS AND FINANCIAL STATEMENT 2016/2017 OF SINNERSCHRADER AG ENDORSED / ANNUAL REPORT TO BE PUBLISHED ON 30 NOVEMBER 2017
Today, SinnerSchrader AG’s Supervisory Board has endorsed the audited Consolidated Financial Statements 2016/2017 and the audited Financial Statements 2016/2017 of SinnerSchrader AG. Both statements had been certified with an unqualified audit opinion.
The audited Consolidated Statements confirm the figures for the financial year 2016/2017 published in preceding announcements. Accordingly, SinnerSchrader grew its business by 10.9 per cent compared to the previous year and generated revenue of 56.7 million euros. The operating result (EBITA) reached 5.0 million euros thus exceeding previous year’s figure by 5.3 per cent. Net income amounted to just under 3.5 million euros or 0.30 euros per share on a diluted basis. In the previous financial year SinnerSchrader had achieved a net income of 3.4 million euros or 0.29 euros per share.
Earnings in the 2016/2017 financial year were burdened by expenses of some 1.3 million euros incurred by SinnerSchrader in connection with the business combination agreement with Accenture announced on 20 February 2017. Without these expenses operating earnings and net income would have reached 6.3 million euros and 4.4 million euros (or 0.38 euros per share), respectively.
The Financial Statements 2016/2017 of SinnerSchrader AG ended with profits available for distribution at previous year’s level of 3.3 million euros.
The SinnerSchrader Group generated an operating cash flow of 1.8 million euros in the 2016/2017 financial year. Liquid funds stood at 4.9 million euros as on 31 August 2017. On that day, SinnerSchrader had 529 employees.
As announced on 20 October 2017, SinnerSchrader Group’s plans for the current 2017/2018 financial year provide for sales revenue in the amount of 63.8 million euros and an operating result, which will still be encumbered by transaction-related costs, of 5.2 million euros. Net income is expected to increase slightly to 3.5 million euros or 0.31 euros per share.
The complete Annual Report 2016/2017 will be published on 30 November 2017.
SinnerSchrader is one of the leading digital agencies in Europe with the focus on the design and development of digital products and services. More than 500 employees work on digital transformation for companies such as Allianz, Audi, comdirect bank, ERGO, Telefónica, TUI, Unitymedia and VW. SinnerSchrader was founded in 1996, has been listed on the stock exchange since 1999 and has offices in Hamburg, Berlin, Frankfurt am Main, Munich, and Prague. Since April 2017, SinnerSchrader has been part of Accenture Interactive.