- Sales EUR 15 million (-15 per cent compared to the same quarter of the previous year), or EUR -2.6 million compared to the previous year)
- Decline in operating result to EUR 0.3 million (-82 per cent compared to the same quarter of the previous year) with an operating EBIT margin of around 2 per cent
- Core market Germany: sales of EUR 12 million (-17 per cent compared to the same quarter of the previous year) with an EBIT margin of 6 per cent
- UK and USA segment: sales of EUR 1.4 million (+14 per cent compared to the same quarter of the previous year) with an EBIT margin of 3 per cent
- Poland segment: sales of EUR 1.6 million (-20 per cent compared to the same quarter of the previous year) with an EBIT margin of 0 per cent
- Consolidated net profit of EUR 0.1 million, earnings per share of EUR 0.01
- Operating cash flow of EUR -3.4 million
- Virtual Annual General Meeting on 10 July 2025
- Suspension of the dividend payment for 2024
- Outlook for 2025: declining sales in the high single-digit percentage range and an EBIT margin of around 7 per cent.
As expected, the SYZYGY Group is starting the new 2025 financial year with sales of EUR 15 million (-15 per cent compared to the same period last year). Compared to the first quarter of the previous year, operating earnings fell to EUR 0.3 million and the operating EBIT margin to 2 per cent (previous year: 9 per cent).
The recession in Germany and strong restraint in spending by US customers, which severely affected Ars Thanea’s business, were the main factors contributing to this result.
At EUR 12 million, sales in the core market of Germany were 17 per cent lower than in the same quarter of the previous year, with an EBIT margin of 6 per cent. In Germany, all business divisions recorded declining sales in a generally challenging market environment. The core market of Germany accounts for 80 per cent of total sales.
As expected, sales in the UK and the USA increased by 14 percent to EUR 1.6 million, with an EBIT margin of 3 percent. In contrast, Ars Thanea reported lower sales as business with US customers, in particular, was affected by high uncertainty and declined significantly. Accordingly, sales fell by 20 percent year-on-year to EUR 1.6 million, with an EBIT margin of 0 percent.
![]()
Our infrastructure mandates with recurring revenues in our home market of Germany are helping us to navigate a persistently challenging environment. New client projects give us confidence, even if budget adjustments on the client side are slowing our overall growth. With our AI-centred growth vision, we are setting the course for the future.
Annual General Meeting, suspension of a dividend payment for the 2024 financial year:
The Annual General Meeting of SYZYGY AG will take place on 10 July 2025 as a virtual event without the physical presence of shareholders. Due to the negative consolidated net income and the negative retained earnings in the separate financial statements, no dividend payment is possible for the 2024 financial year despite the solid liquidity position. For the 2025 financial year, SYZYGY AG is aiming to distribute a significant portion of the expected consolidated net profit.
Forecast 2025
The SYZYGY Group anticipates a decline in sales in the high single-digit percentage range and an EBIT margin of around 7 per cent for the 2025 financial year.
The full quarterly report as at 31 March 2025 will be available from 30 April 2025 at www.syzygy-group.net/investors (in German language)
