Strong Revenue Growth for satis&fy

Production company does brisk operating business/ outperforms its revenue guidance

satis&fy AG Deutschland (satis&fy), one of Germany’s leading full-service production companies, remained on track for growth in 2011, staying the course it had set last year. In the first nine months of fiscal 2010/2011 (October to September), the company already outperformed its targets for the overall year in all key performance indicators for revenue and earnings. Revenue at the close of the third quarter has already eclipsed the 30.1 million euros total revenue achieved in the last fiscal year. This constitutes a 39-percent increase over the figure posted for the same period in the previous year. According to CEO Nico Ubenauf, the prospects for the last quarter are promising. “We are confident that we will clearly outperform our revenue guidance of 33.5 million euros in this fiscal year," notes Ubenauf. In fact, the company expects an even better result than the record-setting 34.5 million euros in 2008. After a leaner fiscal 2008/2009, considerable investments in new equipment and infrastructure had put the company back on a profitable track. In the current fiscal year, satis&fy has already invested more than 3.6 million euros in event equipment. So Ubenauf is looking forward to the next fiscal year with confidence and is determined to drive on with the growth strategy. The company aims to successively grow the individual locations, and management is also considering setting up further national and international subsidiaries