SinnerSchrader announces preliminary figures for the 2005/2006 financial year: growth targets met / earnings plan exceeded

09.10.2006, 16:14

SinnerSchrader completed its 2005/2006 financial year with a strong fourth quarter (June to August 2006). On the basis of preliminary annual figures turnover and earnings for the fourth quarter came out significantly better than last expected. Turnover increased by 6 per cent compared to the previous quarter and reached EUR 4.1 million. With operating earnings (EBITA) of EUR 0.2 million the operating margin again passed the 5 per cent line.

In the financial year ended 31 August 2006 turnover thus grew by nearly 10.5 per cent compared to the previous year to approximately EUR 15.8 million. From the preliminary figures EBITA is expected to exceed EUR 0.55 million –a tripling of last year’s EBITA and well above the target corridor of EUR 0.3 million to EUR 0.5 million. With improved results from the investment of liquid funds and a positive income tax effect, net income is anticipated to reach more than EUR 1 million (approximately EUR 0.09 per share), thus exceeding last year’s net income by EUR 0.5 million.

The growing importance of the Internet for producers and suppliers of goods and services in shaping the relationship with their customers has led to a dynamic development of demand for the services of SinnerSchrader’s three business segments, Interactive Software, Interactive Marketing and Interactive Services. In addition, the cost basis was cut significantly by finally moving into a new office in Hamburg at the end of the financial year.

Liquid funds stood at approximately EUR 10 million on 31 August 2006, which clearly underlines the continuously solid financial situation at SinnerSchrader.

The final, audited annual report will be published on 28 November 2006. On the same day, SinnerSchrader will invite the press and analysts to its annual press conference in Hamburg and to its analysts’ conference, which will be held as part of the German Equity Forum in Frankfurt.