EANS-Adhoc: Syzygy AG: Earnings per share improve by 21 % / weak pound hampers growth

--------------------------------------------------------------------------------
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

6-month report

22.07.2009

In spite of recession, Syzygy AG was able to improve gross sales by
10 per cent to EUR 39.6 m in the period under review. Compared to
the first half of 2008, net sales showed an increase of 1 per cent
to EUR 15 m. If the exchanged rate GBP / EUR had remained constant,
growth of 18 per cent in gross sales and 8 per cent in net sales
would have been recorded.

Due to higher costs of revenues, operating income (EBITA) was down
15 per cent to EUR 2.1 m (previous year: EUR 2.5 m). The EBITA-
margin fell by 3 percentage points to 14 per cent.

At EUR 542,000, the financial income improved by 5 per cent. The
net income of EUR 2.1 m equals last year`s figure. As there were no
minority interests in the period under review, earnings per share
improved by 21 per cent or 3 Cent to EUR 0.17.

In the second quarter, the payment of dividends and the fulfillment
of payment obligations from former acquisitions amounted to a cash
outflow of EUR 7.4 m. As a result, liquid funds and securities
reduced by 29 per cent and totalled to EUR 17.8 m. This corresponds
to a cash portion of EUR 1.47 per share.

| |H1-2009 |H1-2008 |Diff. |Q2-2009 |Q2-2008 |Diff. |
|Gross sales |39,560 |35,868 |10% |20,540 |19,061 |8% |
|(EUR`000) | | | | | | |
|Net sales |14,988 |14,835 |1% |7,505 |7,635 |-2% |
|(EUR`000) | | | | | | |
|EBITA (EUR`000) |2,131 |2,508 |-15% |1,026 |1,285 |-20% |
|EBITA-margin |14% |17% |-3pp |14% |17% |-3pp |
|Financial income |542 |514 |5% |272 |246 |11% |
|(EUR`000) | | | | | | |
|Net income |2,054 |2,055 |- |1,061 |1,033 |3% |
|(EUR`000) | | | | | | |
|EPS (EUR) |0.17 |0.14 |21% |0.09 |0.07 |29% |

Syzygy AG is not anticipating an improvement of the general
economic setting in the second half of 2009. Important advertisers
of the automotive industry and the financial services sector are
restrictive in their advertising investments.
In spite of this, Syzygy is expecting to raise earnings per share
by 10 per cent to EUR 0.33 in 2009.

The quarterly report will be issued on July 31, 2009 and can be
downloaded at http://www.syzygy.net in the Investor Relations
section.

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: syzygy AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Katrin Schreyer

Telefon: +49/6172-9488251

E-Mail: ir@syzygy.net

Branche: Online
ISIN: DE0005104806
WKN: 510480
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade