SHS Viveon AG

Earnings Release • Nov 9, 2006

News Details

Corporate | 9 November 2006 08:30

SHS VIVEON AG: 9-months figures 2006

Announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— • Dynamic growth in core business through acquisitions • Earnings influenced by special one time items Martinsried, November 9, 2006 – SHS VIVEON AG, specialised in customer value and customer risk management, has again increased its total output in comparison to the same period of the previous year. Total output of the first nine months of the fiscal year 2006 increased by around 7% to 31.2 million EUR. The core business of SHS VIVEON group developed extremely well. Not least due to acquisitions, total output increased by around 40% from 19.4 million EUR to 27.1 million EUR. In contrast, the opportunistically driven hardware business of the Spanish subsidiary SHS Polar declined and contributed around 4.2 million EUR to total output during the first 9 months (9.9 million EUR in the comparable period of the previous year). The EBITDA (Earnings before interest, taxes, depreciation and amortisation) in the first 9 months of 2006 was at 0.7 million EUR, approximately 0.3 million EUR below the comparable figure of the previous year of 1.0 million EUR. Especially the one time integration expenses in Germany in the amount of 0.8 million EUR next to lower hardware sales were responsible for the lower profitability. In addition, the strategic decision to ceasing business activities of the recently introduced second business division in Spain led to one time expenses of 1.1 million EUR, and also reduced the EBITDA of SHS VIVEON group. Correspondingly, after 9 months EBIT (Earning before interest and taxes) amounted to minus 1.9 million € (comparable period 2005: 0.8 million EUR). Here, the increase of the ordinary amortisation and depreciation from 0.2 million EUR to 2.6 million EUR mainly due to the planned amortisation of intangible assets activated in course of the recent acquisitions, come into effect. Net income amounted to minus 1.7 million EUR (previous year: 0.0 million EUR). Due to the increased receivables and work in progress at the end of the period, the operating cash flow of SHS VIVEON group was down to minus 1.4 million EUR in comparison to minus 0.5 million EUR in the comparable period last year. As of September 30, 2006, SHS VIVEON group has cash and cash equivalents in the amount of 1.0 million EUR (previous year: 1.4 million EUR). ‘Especially the third quarter 2006 was influenced by one time special items’, explains CEO Dirk Roesing and adds: ‘Thanks to the successfully proceeding integration, we have been able to create a new, efficient organisational structure faster than anticipated. This builds the foundation to grow more dynamically and profitably in the coming fiscal year!’ The full 9 months report is available for download on the Website www.shs-viveon.com. Martinsried-based SHS VIVEON AG (former SHS Informationssysteme AG) is listed on the Prime Standard segment of the Frankfurt Stock Exchange and operates subsidiaries in Spain and Switzerland. The IT services provider focuses on offering customer management and credit risk management solutions to companies with a broad customer base. In 2005, the company recorded revenues of EUR 41 million. The customers of SHS VIVEON AG include Financial Services, Crédit Agricole, DAB Bank, Danone, E-Plus, Ingram Micro, Karstadt, O2, Orange, SüdLeasing, Telefónica, Toyota Kreditbank, T-Mobile, T-Online and other international companies in the automobile, information and financial services sector. For more information, see www.SHS-VIVEON.com. Further information: SHS VIVEON AG Daniela Nase Tel.: +49 – 89 – 747257-37 e-mail:Investor.Relations@SHS-VIVEON.com cometis AG Ulrich Wiehle Tel: +49 – 611 – 205855-11 e-mail: wiehle@cometis.de (c)DGAP 09.11.2006 ————————————————————————— Language: English Issuer: SHS VIVEON AG Fraunhoferstraße 12 82152 Martinsried bei München Deutschland Phone: +49 (0)89 747-257-0 Fax: +49 (0)89 747-257-10 E-mail: investor.relations@shs.de WWW: www.shs.de ISIN: DE0005072409 WKN: 507240 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service —————————————————————————