EANS-News: SinnerSchrader AG / SinnerSchrader grows by 32 per cent in first nine months of 2010/2011 / Operating result doubles / Growth strategy confirmed

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quarterly report/3rd Group Quarterly Financial Report 2010/2011

Hamburg, 14 July 2011 (euro adhoc) - SinnerSchrader ended the first
nine months of the 2010/2011 financial year (1 September 2010 to 31
May 2011) with net revenue of EUR 22.6 million. Net revenue rose by
31.9 per cent compared to the same period in the previous year. It
amounted to EUR 7.8 million in the third quarter and was thus 32.6
per cent higher than in the third quarter of 2009/2010. The revenue
of the first and second quarters was surpassed by 1.2 per cent and
9.0 per cent respectively.

This revenue development documents SinnerSchrader´s growth-oriented
strategy for the 2010/2011 financial year. SinnerSchrader launched
several new business initiatives in the first half of the year, and
it expanded its service portfolio towards the end of the third
quarter with an eye to the growing importance of mobile devices for
digital marketing by taking over TIC-mobile GmbH in Berlin. The
latest subsidiary of the SinnerSchrader Group, now named
SinnerSchrader Mobile GmbH, will begin contributing to the Group´s
growth in the next quarter through mobile applications, e.g., for
simfy, Germany´s leading provider of streaming music services.

This extremely dynamic growth was the result of both the expansion of
the service portfolio and the success in acquiring new clients. In
the quarter of the report, the SinnerSchrader agency implemented its
first project for the Bauer Media Group: a subscription portal which
SinnerSchrader will also be responsible for maintaining. Haasenstein,
the creative agency established in February, completed its first
project in the third quarter by launching an extensive campaign for
TUIfly.com.

The revenue growth had a positive effect on the development of the
operating result (EBITA) and also of net income. In the first nine
months, EBITA nearly doubled from EUR 1.05 million in the comparable
period of the previous year to EUR 2.0 million in the current year.
Net income grew at an even higher rate in the first nine months,
totalling EUR 1.1 million or EUR 0.10 per share and thus already
reaching the value of the previous year as a whole.

As expected, however, the costs and start-up losses involved in
expanding the business caused income to develop much more slowly in
the third quarter. EBITA improved slightly to EUR 0.3 million
compared to the same quarter in the previous year (EUR 0.25 million)
but remained considerably below the level of the first two quarters.
Net income in the third quarter amounted to EUR 0.1 million.

SinnerSchrader´s forecast following the end of the first half-year
has therefore been confirmed: net income for the year as a whole will
be more than 25 per cent higher than in the previous year, but the
growth of the operating result will probably not surpass the current
expected corridor of between 15 and 20 per cent.

Investments in the expansion of the SinnerSchrader Group and the
higher amount of funds tied up in working capital, together with the
dividend payment in December, caused the amount of liquid funds to
decrease compared to 31 August 2010 by EUR 2.5 million to EUR 5.8
million. The equity ratio was 54.3 per cent as of the report date. On
31 May 2011, the SinnerSchrader Group had 396 employees.

The quarterly financial report will be available in the Internet from
3 p.m. today at www.wkn514190.de/s2ir/de/Finanzberichte.html.

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

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

end of announcement euro adhoc
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company: SinnerSchrader AG
Völckersstraße 38
D-22765 Hamburg
phone: +49(0)40-398855-0
FAX: +49(0)40-398855-55
mail: info@sinnerschrader.de
WWW: http://www.sinner-schrader.de
sector: Software
ISIN: DE0005141907
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English