Preliminary figures for Q1 2011

improvement of sales and earnings

Bielefeld, (PresseBox) - Based on provisional figures, Synaxon AG was able to increase consolidated sales in the Q1 2011 by 39.3% to € 5,951,000 (previous year: € 4,273,000). This growth is attributable both to the IT cooperation business as well as the E-Commerce / central trading division.

Operating income (EBIT) increased during the same period to € 339,000 (previous year: € 17,000); the annual consolidated net income increased to € 219,000 (previous year: € 15,000). At the end of the quarter, the earnings per share (EPS) came to € 0.06 (previous year: € 0.01).

As already reported in the 2010 annual report, the company still anticipates operating income for the whole of 2011 of at least € 0.6 million. Given the seasonal nature of the IT industry, the largest contribution to business development is expected in the fourth quarter.

The complete financial report for Q1 2011 with final figures for the period will be published May 31, 2011.

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