SYZYGY : Annual Report 2022

3 Key financial figures

5 Letter from the Management Board

1. The SYZYGY GROUP

1. Our Values

25 Cases

26 Allergan

28 BMW Motorrad

30 Coinbase

32 EBS Security

34 EnBW

36 O2 Telefónica

1. Thought Leadership

1. The Stock

49 Report of the Supervisory Board

1. Financial Information 2022
2. Group Management Report

1. Financial figures

1. Notes

149 Independent Auditors' Report

1. Responsibility Statement by the legal Representatives
2. Corporate Governance Report

164 Remuneration Report

175 Financial Calendar 2023 / Contact

Key financial figures

50.33 %

88 %

12 %

Bank deposits and overnight deposits

Corporate and

The SYZYGY GROUP remains on a growth trajectory and generating record sales in 2022.

34.77 %

8.71 %

6.19 %

WPP plc., St. Helier Private investors/others Institutional investors

HANSAINVEST

Shareholder structure

government bonds, investment funds

Portfolio structure of cash and marketable securities

45 %

55 %

72 %

28 %

Equity

Liabilities

Non current assets

Current assets

Balance sheet structure

25% Automotive 24 % Services

20 % Finance/insurances 15 % Consumer goods

6 % Telecommunication/IT 10 % Others

Sales allocation by vertical markets

Sales by employee (in kEUR)

28 %

17 %

55 %

Top 5

Top 6-10

Others

Sales by clients' volume

19 % Technology

18 % Performance marketing 18 % Strategy/consulting

16 % Design

16 % Project management 13 % Administration

Employees by function

Letter from the

Management

Board

The SYZYGY GROUP enjoyed another successful year overall in 2022. We delivered strong performance and were able to expand our market position.

We are pleased that our business is proving to be resilient despite the challenging environment. The SYZYGY GROUP remains on a growth trajectory, generating record sales of EUR 70.6 million and operating income of EUR 6.2 million in 2022 before goodwill impairment.

Despite a backdrop of economic uncertainty, we can offer stability to our employees, our clients and to you, our shareholders.

Digital transformation remains a priority even in uncertain times

2022 was dominated in particular by Russia's war against Ukraine - a human and political tragedy. There were also other challenges, such as uncertainty in the energy market, unstable markets, and a rise

in interest rates and inflation. This led to widespread concern, cost pressures and subdued investment.

Yet in this volatile economic climate, services around digitisation and digital experiences proved to be a resilient business model.

Companies that are well-positioned on the digital front are better able to ride out crises and market volatility. The digitisation trend thus continues unabated across all sectors, business models, and in both large and small companies.

70.62022 (in Euro)

Mangement Board of the SYZYGY GROUP

Mio.

Sales development