DGAP-News: SINNERSCHRADER REPORTS CONTINUED STRONG GROWTH IN THE THIRD QUARTER / INCREASE IN REVENUE OF 44 PER CENT IN THE

DGAP-News: SINNERSCHRADER REPORTS CONTINUED STRONG GROWTH IN THE THIRD QUARTER 
/ INCREASE IN REVENUE OF 44 PER CENT IN THE QUARTER AND 32 PER CENT IN THE 
FIRST NINE MONTHS OF 2013/2014

DGAP-News: SinnerSchrader AG / Key word(s): 9-month figures
SINNERSCHRADER REPORTS CONTINUED STRONG GROWTH IN THE THIRD QUARTER /
INCREASE IN REVENUE OF 44 PER CENT IN THE QUARTER AND 32 PER CENT IN
THE FIRST NINE MONTHS OF 2013/2014

15.07.2014 / 08:15

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SinnerSchrader continued to grow strongly in the third quarter of the
2013/2014 financial year (1 March 2014 to 31 May 2014). The Group increased
its net revenue to 13.0 million euros, with an increase of 15.4 per cent
over the preceding second quarter of 2013/2014. The figure for the
comparable quarter of the previous year was exceeded by 43.9 per cent. In
the first nine months of the 2013/2014 financial year, the net revenue thus
amounted to 35.1 million euros - around 8.6 million euros or 32.3 per cent
higher than the figure for the previous year.

In the quarter of the report the growth driver continued to be the business
conducted by the SinnerSchrader agency in the Interactive Marketing
segment. The conclusion of the biggest contract in the history of
SinnerSchrader at the beginning of February 2014 - achieved with a client
in the automobile industry - was the basis of the continued growth in
revenue.

Business with new clients and with existing clients contributed
significantly to the growth in revenue throughout the entire nine-month
period. Of the nine-month revenue, 15.7 per cent, or 5.5 million euros, was
generated with companies with which no client relationship had existed in
the same period of the previous year. The increase in turnover achieved
with existing clients totalling 3.1 million euros was mainly concentrated
on two clients in the Telecommunications and Technology sector.

The three business segments - Interactive Marketing, Interactive Media and
Interactive Commerce - all contributed to the growth in revenue. The growth
in revenue in the Interactive Media segment was characterised by the first
project in the area of content-based marketing, CURVED.de. SinnerSchrader
Content GmbH, which had been set up especially for this business segment,
developed the portal for a client up to its launch in February 2014 and has
operated it since this time with its own editorial and production team.

The development of the operating result (EBITA) fell short of the sales
dynamism in the third quarter. The figure for the previous year was
exceeded by just under 150 per cent, at 0.64 million euros, but the EBITA
fell by around 0.2 million euros in comparison to the result of the second
quarter, in spite of the growth in revenue. Growth-related challenges in
project management and the extensive use of freelancers required for a
rapid capacity expansion were among the reasons for the decreased margins.

Furthermore, delays and increased expenses were incurred in the pilot phase
of the NEXT AUDIENCE platform which commenced in the second quarter, the
extent of which had not been foreseen for the third quarter of 2013/2014.

In the first nine months of the 2013/2014 financial year, the
SinnerSchrader Group achieved an EBITA in the total amount of 2.1 million
euros, thus exceeding the figure for the previous year by a good 2 million
euros. The losses resulting from the establishment of audience management
business totalled 1.2 million euros; losses had not been expected at this
level for this long. The net income in the nine-month period of 2013/2014
reached a figure of 0.9 million euros or 8 cents per share. A loss of 0.4
million euros was reported for the corresponding period of the previous
year.

The overall forecast for the 2013/2014 financial year - net revenue of more
than 46 million euros and an EBITA of more than 3 million euros - is
confirmed by the development in the third quarter as a whole. In terms of
profits, the project inefficiencies which emerged and the delay in the
establishment of the audience management business have made risks
discernible. However, based on current knowledge, these risks are
controllable.

The rapid growth in the current financial year was accompanied by a
considerable increase in the working capital, which resulted in a negative
operating cash flow of 3.55 million euros in the first nine months. This
circumstance and investments in the amount of 1.45 million euros reduced
the liquidity reserve to a good 1 million euros as at 31 May 2014.

The shareholders' equity rate was 51.4 per cent on 31 May 2014, against
52.4 percent as at 31 August 2013.  At the end of the quarter of the
report, SinnerSchrader had 515 employees, 65 more than on 31 August 2013.

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

ÜBER 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.
More than 500 employees - around 200 of whom are developers - realise
marketing solutions for brands such as Allianz, Beck's, comdirect bank,
Commerbank, 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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15.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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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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277898 15.07.2014                                                      
 
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