Syzygy AG Reports Group Earnings Results for the First Quarter Ended March 31, 2016; Provides Earnings Guidance for the Second Quarter and Full Year 2016
The company provided earnings guidance for the second quarter and full year 2016. For the quarter, the company expects to achieve a significant increase in sales.
For the year, the company is raising its sales forecast. Instead of EUR 63.0 million, the agency group now expects to generate sales of EUR 65.0 million in the current financial year. Operating income is expected to increase ahead of sales. The individual segments will contribute to this growth in roughly equal measure.