PTA-Adhoc: Syzygy AG: Due to the COVID-19 pandemic, SYZYGY AG is holding a virtual general meeting on 27 October 2020
and will not propose a dividend distribution for the 2019 financial year

Monday, 31. August 2020 21:25

Public disclosure of inside information according to article 17 MAR

Bad Homburg (pta051/31.08.2020/21:25) - Due to the COVID-19 pandemic, this year's Annual General Meeting scheduled for October 27, 2020 cannot take place as planned in Frankfurt. This is to safeguard the health of shareholders, employees and the service providers involved. Accordingly, it will be held as a purely virtual event, without the physical presence of shareholders.

In addition, the Management Board and Supervisory Board of SYZYGY AG have decided not to propose a dividend distribution for the 2019 financial year to the Annual General Meeting. The company's management is adjusting the proposed appropriation of profits of EUR 0.20 per share previously announced for the 2019 financial year. The company is thus taking into account the business development and the current uncertain market environment.

Based on the information available to date, SYZYGY AG still expects sales to fall by between 10 and 20 per cent in the 2020 financial year. We anticipate an EBIT margin in the mid single-digit range.

The agenda for the Annual General Meeting will be published in the next days.

About the SYZYGY Group

SYZYGY is a leading consultancy and implementation partner for transformation of marketing and sales. SYZYGY designs, creates and orchestrates digital experiences and products for brands, companies and people. The Group's core services are strategy, products and activation, with technology as the connecting and scaling element.

Founded in 1995, the SYZYGY Group is listed on the German stock exchange and employs some 600 people across four countries. It has offices in Bad Homburg, Berlin, Frankfurt, Hamburg, Munich, London, New York and Warsaw. The WPP Group is the majority shareholder, with a 50.3% stake.

In addition to the main brand, SYZYGY, and strategy consultancy firm diffferent, the Group includes Polish design studio Ars Thanea. Its clients include prestigious brands such as AVIS, BMW, comdirekt bank, Commerzbank, Consorsbank, Daimler, Deutsche Bank, Kyocera, Lufthansa, Mazda, Miles & More,, o2, PayPal, Porsche, health insurer Techniker Krankenkasse and Volkswagen.


emitter: Syzygy AG
address: Horexstraße 28, 61352 Bad Homburg
country: Germany
contact person: Susan Wallenborn
phone: +49 6172 9488-252

ISIN(s): DE0005104806 (share)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf; open market in Berlin

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