SYNAXON AG announces preliminary figures for first quarter 2010

(PresseBox) ( Bielefeld, )
Based on the preliminary figures for the first quarter of 2010, the revenue of Synaxon AG increased by 31.0% to €4,273,000 (prior year: €3,262,000). The profit for the period totaled €15,000 (prior year: €191,000), corresponding to earnings per share of €0.01 (previous year: €0.06). As previously announced, the Group continued to invest heavily during the first three months, in particular in expanding its involvement in ecommerce.

Against this background, a decrease in earnings had been anticipated for the first quarter and was announced accordingly. Based on the figures reported, the Group is within budget, which forecasts EBIT of between €0.2 to 0.3 million for the year despite undiminished investment activity.

The complete interim financial report with final figures for the period ending March 31, 2010 will be published May 26, 2010.
The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material.
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to service@pressebox.de.