Business
SYZYGY : 3-Month Report 2023
SYZYGY : 3-Month Report
About this update from Syzygy Ag
3-Month-Report 03 31 2023 Interim Report Contents 3 Key financial figures as per 03/31/2023 5 Business development and Group Management Report Financial figures 12 Consolidated balance sheet 13 Consolidated statement of comprehensive income 14 Statement of changes in equity 15 Consolidated statement of cash flows 16 Selected explanatory notes 21 Financial calendar 2023 / contact SYZYGY Frankfurt Key financial figures Key financial figures as per 03/31/2023 2023 18,748 2022 17,048 2021 15,059 2020 14,925 2019 15,689 Development of sales (in kEUR) 6 % Poland 82 % 12 % United Kingdom Germany & US Sales by segments 2023 1,714 2022 1,630 2021 1,566 2020 1,097 2019 1,442 Operating income (in kEUR) 2023 1,046 2022 1,495 2021 1,407 2020 958 2019 1,434 Income before taxes (in kEUR) 2023 0.06 2022 0.08 2021 0.08 2020 0.05 2019 0.08 Earnings per share undiluted (in EUR) 2023 -668 2022 -135 2021 -159 2020 -139 2019 -8 Financial income (in kEUR) 2023 778 2022 1,092 2021 1,069 2020 680 2019 1,075 Net income (in kEUR) 2023 -433 2022 1,690 2021 1,914 2020 2,338 2019 -9,268 Operating cash flow (in kEUR) Key financial figures 50.33 % 91 % 9 % Bank deposits and overnight deposits Corporate and The SYZYGY GROUP is a compelling specialist for end-to-end solutions around digital transformation of marketing and sales. 34.77 % 8.71 % 6.19 % WPP plc., St. Helier Private investors/others Institutional investors HANSAINVEST Shareholder structure government bonds, investment funds Portfolio structure of cash and marketable securities 49 % 51 % 75 % 25 % Equity Liabilities Non current assets Current assets Balance sheet structure 31% Services 21 % Automotive 21 % Finance/insurances 16 % Consumer goods 5 % Telecommunication/IT 6 % Others Sales allocation by vertical markets 2023 116 2022 116 2021 110 2020 101 2019 99 Sales by employee annualised (in kEUR) 31 % 16 % 53 % Top 5 Top 6-10 Others Sales by clients' volume 19 % Technology 18 % Performance marketing 18 % Strategy/consulting 16 % Design 15 % Project management 14 % Administration Employees by function Group Management Report Business development and Group Management Report 1. General The following Group Management Report provides information on the performance of the SYZYGY GROUP (hereinafter referred to as "SYZYGY", the "Group", the "SYZYGY GROUP" or the "Company"). The consolidated financial statements on which the Group Management Report is based have been prepared in accordance with International Financial Reporting Standards (IFRS). The financial year corresponds to the calendar year. 2. Group profile 1. Quarter 2023 2022 Change kEUR kEUR Sales 18,748 17,048 10% Operating Income (EBIT) 1,714 1,630 5% EBIT margin 9.1% 9.6% -0.5 pp Financial result -668 -135 n.a. Earnings before taxes (EBT) 1,046 1,495 -30% Net income 778 1,092 -29% Earnings per share (EUR) 0.06 0.08 -25% Liquid assets and marketable securities 3,871 4,809 -20% Operating cash flow -433 1,690 -126% Employees incl. freelancers 664 600 11% For information on the SYZYGY GROUP's structure, strategy and management, please refer to the explanatory notes in the 2022 management report (2022 Annual Report, page 56 ff.). The Group consists of SYZYGY AG as the holding company and seven subsidiaries: Ars Thanea S.A. diffferent GmbH SYZYGY Deutschland GmbH SYZYGY Digital Marketing Inc. SYZYGY Performance Marketing GmbH SYZYGY UK Ltd. Unique Digital Marketing Ltd. 2.1. Employees The headcount at the SYZYGY GROUP increased in the period covered by the report. The SYZYGY GROUP had a total of 620 permanent employees as at March 31, 2023. This represents an increase of 16 employees compared with December 31, 2022, and a rise of 67 compared with the prior-year quarter. The number of employees in the German companies rose by 54 people compared with the prior-year quarter, while a total of 13 new employees were added in the international companies.