EANS-News: SinnerSchrader AG / SinnerSchrader grows by 34 per cent in the second quarter of 2010/2011 - EBITA more than doubled / Growth forecast for the full year raised to 25 per cent

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6-month report

Hamburg, 14 April 2011 (euro adhoc) - SinnerSchrader continued its
above-average positive development of business in the second quarter
of 2010/2011 (1 December 2010 to 28 February 2011). Net revenues rose
by 34 per cent over those of the previous year, to EUR 7.1 million.
The operating result (EBITA) improved to EUR 0.5 million - around two
and a half times the value of the previous year.

Although the record figures of the previous first quarter were not
achieved due to familiar seasonal effects, the seasonal decline was
not nearly as considerable as expected, since demand remained good in
the largest segment of Interactive Marketing. Incoming orders in this
segment even increased in the second quarter compared to the first
quarter by 9 per cent and reached a level more than 50 per cent above
the previous year´s level.

The considerable willingness of many companies to invest in expanding
their online sales channel and the tailwind resulting from gaining
new customers over the past nine months are the significant drivers
of the good development of business. Sectors such as food retailing,
which have hitherto tended to struggle with the Internet, are now
focusing on online sales concepts. SinnerSchrader realised an online
sales platform for REWE, Germany´s second- largest food retail
enterprise, which ingeniously combined the special features of the
sector and Internet opportunities.

SinnerSchrader acquired more clients in the second quarter, including
a fashion brand gained for an outsourcing project in the Interactive
Commerce segment which is due to start as early as in the first half
of 2011. Moreover, in the quarter of the report, SinnerSchrader
launched further growth initiatives with the founding of creative
agency Haasenstein, the rollout of mementoo, a service offer for
personalised retargeting in the media segment, and the takeover of
two technically orientated agencies, Maris consulting GmbH and
Visions new media GmbH, with 11 and 24 employees, respectively.

All in all, SinnerSchrader achieved net revenues of EUR 14.8 million
in the first half of 2010/2011 - 31.5 per cent more than in the first
half of 2009/2010. The operating result was doubled to
EUR 1.7 million. The positive development is fully reflected in
consolidated income, which also improved considerably to
EUR 1.0 million or EUR 0.09 per share.

In view of the good development of business, SinnerSchrader now
expects net revenues to amount to more than EUR 30 million for
2010/2011 as a whole. This corresponds to a growth rate of more than
25 per cent. Due to the Group´s growth-oriented business strategy
EBITA forecast remains unchanged. EBITA is expected to improve by 15
to 20 per cent.

Despite the dividend payment in December 2010 and investments in
acquisitions since 31 August 2010, the liquidity reserve grew in the
first half of 2010/2011 by around EUR 0.26 million to
EUR 8.55 million as at the report date of 28 February 2011 thanks to
a positive operative cash flow of EUR 2.0 million. The equity ratio
was 58.7 per cent. On 28 February 2011, the SinnerSchrader Group had
369 employees.

The quarterly financial report will be available in the Internet from
4 p.m. today at http://www.wkn514190.de/s2ir/en/5091.html.

About SinnerSchrader SinnerSchrader is one of the leading digital
agencies in Germany. SinnerSchrader develops interactive strategies,
platforms, and applications which create radical relationships
between consumers and brands. The SinnerSchrader Group has over 350
employees in Hamburg, Frankfurt am Main, Berlin and Hanover who work
for customers such as TUI, Tchibo, simyo, REWE, comdirect bank, the
Gucci Group, OTTO, mobilcom-debitel, and Steigenberger.
SinnerSchrader was founded in 1996 and has been quoted on the stock
exchange since 1999.

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
Völckersstr. 38
D-22765 Hamburg
T. +49. 40. 39 88 55-0
F. +49. 40. 39 88 55-55

end of announcement euro adhoc
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ots Originaltext: SinnerSchrader AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Thomas Dyckhoff
CFO
Telefon: +49(0)40 398855-113
E-Mail: t.dyckhoff@sinnerschrader.de

Branche: Software
ISIN: DE0005141907
WKN: 514190
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade