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.
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