DGAP-News: SINNERSCHRADER AG: RECORD HALF YEAR THANKS TO 26 PER CENT GROWTH / EBITA OF 1.5 MILLION EUROS CLEARLY EXCEEDS THAT OF

DGAP-News: SINNERSCHRADER AG: RECORD HALF YEAR THANKS TO 26 PER CENT GROWTH / 
EBITA OF 1.5 MILLION EUROS CLEARLY EXCEEDS THAT OF THE PREVIOUS YEAR / NEXT 
AUDIENCE PLATFORM IN A PILOT RUN

DGAP-News: SinnerSchrader AG / Key word(s): Half Year Results/Quarter
Results
SINNERSCHRADER AG: RECORD HALF YEAR THANKS TO 26 PER CENT GROWTH /
EBITA OF 1.5 MILLION EUROS CLEARLY EXCEEDS THAT OF THE PREVIOUS YEAR /
NEXT AUDIENCE PLATFORM IN A PILOT RUN

15.04.2014 / 08:21

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In the second quarter of 2013/2014 (1 December 2013 to 28 February 2014,
SinnerSchrader grew by 35.8 per cent over the previous year. This growth
was achieved exclusively organically and lead to a record revenue of. 11.3
million euros net. The EBITA amounted to 0.85 million euros. Without the
losses for establishing the audience management business, the operating
result for the quarter would have amounted to more than 1.2 million euros.

The final figures for the second quarter are thus slightly higher than
those already announced by SinnerSchrader on 26 March 2014. They emphasise
the extremely dynamic development of business conducted by the Group in the
2013/2014 financial year.

After a good first quarter, new record figures result in total for the
first half of the 2013/2014 financial year. The net revenue was 22.1
million euros, growth reached 26.2 per cent, and EBITA fell only slightly
short of 1.5 million euros, exceeding 2.3 million euros in pro-forma terms
without taking account of the NEXT AUDIENCE losses. The net income for the
first half year was 0.6 million euros, or 5.5 cents per share. This means
that the figures for the previous year - net revenue of 17.5 million euros,
EBITA in the amount of -0.2 million euros and net income of -0.5 million
euros - were clearly exceeded.

A considerable demand, particularly in the Interactive Marketing segment,
and a pleasingly high success rate in converting enquiries into orders
facilitated this good development. To achieve that, SinnerSchrader creates
innovative concepts for digitising the marketing activities of its clients,
and implements them. This was how SinnerSchrader developed a lifestyle
portal around the theme of mobile communications for E-Plus under the brand
name of CURVED.de. The portal is operated by SinnerSchrader Content GmbH,
which was newly founded in November.

The order books are well-filled, not least thanks to the biggest single
order acquired so far in the history of SinnerSchrader, from the automobile
industry in early February, so the coming quarters will also be dynamic.

However, SinnerSchrader did not only make great progress in its agency
business in the first half year: the establishment of the NEXT AUDIENCE
Platform entered the next phase with the completion of the 1.0 version and
the implementation of this new audience management concept at a first pilot
client.

As already announced on 26 March 2014, SinnerSchrader is raising its annual
forecast against this background, to a net revenue of more than 46 million
euros (previously 41 million euros) and an EBITA of more than 3 million
euros (previously between 2.5 million and 3 million euros).

The strong growth dynamism and the associated increase in outstanding
amounts due from clients characterised the operating cash flows in the
first half of the 2013/2014 financial year, which amounted to -1.5 million
euros for the half year after an operating cash inflow of a good 0.3
million euros in the second quarter. The liquidity reserve was reduced by
an overall 2.2 million euros, to 3.7 million euros in comparison to the
status on 31 August 2013. However, a year ago, SinnerSchrader had only had
a reserve of 3.2 million euros.

The  equity ratio rose to 54.0 per cent again in the first half year,
against 52.4 per cent on 31 August 2013, thanks to the good results. On 28
February 2013 it amounted to 58.7 per cent.

On 28 February 2014, SinnerSchrader had 480 employees, 29 and 38 employees
more than on 31 August 2013 and 28 February 2013, respectively.

The full report of the SinnerSchrader Group for the second quarter and the
first half of the 2013/2014 financial year can be found at
http://www.sinnerschrader.ag/reports as of 4 p.m. today.

ABOUT SINNERSCHRADER

SinnerSchrader is one of Europe's leading digital agencies. With a focus on
e-commerce, strategy and communication, SinnerSchrader offers the full
range of digital agency services: conception, design and development of web
platforms, mobile apps, service design, campaigns, media, analytics and
audience management. SinnerSchrader stands for technological excellence.
Nearly 500 employees - around 200 of whom are developers - realise
marketing solutions for brands such as Allianz, Beck's, comdirect bank,
Holy Fashion Group, REWE, simyo, Tchibo and TUI. SinnerSchrader was founded
in 1996, went public in 1999 and has offices in Hamburg, Berlin, Frankfurt
am Main, Munich, Prague and Hanover.
http://sinnerschrader.com

CONTACT FOR PRESS AND PUBLIC RELATIONS

Benjamin Nickel
Head of Corporate Communications
presse@sinnerschrader.com

CONTACT FOR SHAREHOLDER INFORMATION

Thomas Dyckhoff
CFO
ir@sinnerschrader.com

SinnerSchrader Aktiengesellschaft
Völckersstraße 38 
22765 Hamburg
T. +49. 40. 39 88 55-0 
F. +49. 40. 39 88 55-55


End of Corporate News

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Language:    English                                               
Company:     SinnerSchrader AG                                     
             Völckersstraße 38                                     
             22765 Hamburg                                         
             Germany                                               
Phone:       +49 (0)40 39 88 55-0                                  
Fax:         +49 (0)40 39 88 55-55                                 
E-mail:      ir@sinnerschrader.com                                 
Internet:    www.sinnerschrader.com                                
ISIN:        DE0005141907                                          
WKN:         514190                                                
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
End of News    DGAP News-Service  
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263238 15.04.2014                                                      
 
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