EANS-News: SinnerSchrader AG / SinnerSchrader grows by 18 per cent in the first nine months of 2011/2012 / Predicted profit adjusted following spot-media losses

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9-month report

Hamburg, 12 July 2012 (euro adhoc) - In the third financial quarter
of 2011/2012 (1 March 2012 to 31 May 2012), SinnerSchrader earned net
revenue in the amount of 8.4 million euros, which corresponds to
growth of 7.6 per cent in comparison to the previous year. The
slowdown in growth dynamics has thus been unexpectedly sharp in
comparison to the two preceding quarters, in each of which growth
rates of more than 20 per cent were generated. Net revenue reached a
total of 26.7 million euros in the first nine months of the current
financial year, which is an increase of 18.3 per cent over the
corresponding period of the previous year.

As already reported on 19 June 2012, a substantial reason for the
slowdown in the third quarter was the considerable reduction in
orders from two major clients of the spot-media Group. The resulting
loss in revenue against plans, in the amount of around 0.6 million
euros, was not offset by revenue generated by any of the other Group
units.

SinnerSchrader believes that developments at spot-media are not an
indication of a general weakening of dynamics in the market for
digital marketing. The company opened an office in Munich in May 2012
in order to intensify customer support for its customer Allianz and
to be able to better meet demand in southern Germany. With its
adserving services in the Interactive Media segment, SinnerSchrader
gained Bigpoint, one of the largest suppliers of online games in the
world, as a customer, and launched a product initiative in audience
management aimed at advertisers. Furthermore, SinnerSchrader Mobile
GmbH reached the break-even point on the basis of the acquisition of
important new customers in the quarter of the report.

However, for the SinnerSchrader Group, the spot-media revenue losses
in the third quarter of 2011/2012 resulted in an operating loss
(EBITA) of 0.06 million euros and in net income of minus 0.2 million
euros or minus 0.02 euros per share. For the nine-month period, EBITA
was at 1.0 million euros and net revenue at 0.2 million euros or
0.02 euros per share.

Based on the revenue development in the third quarter, which is
deemed not to be temporary, spot-media implemented restructuring
measures as early as June 2012 in order to adjust its capacity by
around 20 per cent. Furthermore, the plan is to merge the two units
specialising in e-commerce services in the SinnerSchrader Group -
spot-media AG and next commerce GmbH - in order to pool their
expertise and effectiveness.

Seen the developments in the quarter of the report, the original
profit prediction for the 2011/2012 financial year can no longer be
upheld, as already announced on 19 June 2012. Taking into account the
costs for restructuring measures, SinnerSchrader now presumes that
EBITA for the 2011/2012 financial year will be in the range of 1.3 to
2.0 million euros and that net income will be positive. Revenue is
expected to exceed the forecast for the year at the amount of
35.5 million euros.

The operating cash flow in the current financial year continued to
grow in the third quarter by 0.2 million euros, to 1.7 million euros.
The liquidity reserve at the end of the reporting period on 31 May
2012 amounted to 5.2 million euros, just 0.1 million euros below the
figure at the end of the second quarter of 2011/2012 , and
0.6 million euros below the amount as at 31 August 2011.

The shareholders' equity ratio on 31 May 2012, at 58.8 per cent, just
fell short of the 59.4 per cent equity rate on 31 August 2011. At the
end of the quarter of the report, there were 431 employees in the
SinnerSchrader Group, i.e. 31 more than on 31 August 2011.

At its meeting on 10 July 2012, the Supervisory Board of
SinnerSchrader AG approved the proposal brought forward by the
Management Board concerning a resumption of the share buy-back
programme up until 31 December 2012.

The complete quarterly report can be downloaded from the Internet at
www.sinnerschrader.ag/s2ir/de/Finanzberichte.html as of 4 p.m. today.

About SinnerSchrader

SinnerSchrader is one of the leading digital agencies in Europe.
SinnerSchrader develops interactive strategies, platforms, and
applications which create radical relationships between consumers and
brands. The SinnerSchrader Group has over 400 employees in Hamburg,
Frankfurt am Main, Berlin, Hanover, and Munich who work for customers
such as Allianz, TUI, Tchibo, simyo, REWE, comdirect bank, PPR Group,
OTTO, and Steigenberger. SinnerSchrader was founded in 1996 and has
been quoted on the stock exchange since 1999.

Contact

SinnerSchrader Aktiengesellschaft
Thomas Dyckhoff, Finance Director
T. +49. 40. 39 88 55-0

Benjamin Nickel, Head of Corporate Communications
T. +49. 40. 39 88 55-542

E-mail: ir@sinnerschrader.de
F. +49. 40. 39 88 55-100

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: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English