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ER - SHS VIVEON AG: Double digit growth in the first half year 2006

Company: SHS Viveon AG Date: 2006-08-10 Language: English Register to download

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 News Details

Corporate | 10 August 2006 08:30

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SHS VIVEON AG: Double digit growth in the first half year 2006

Announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Martinsried, August 10, 2006 – SHS VIVEON AG, Martinsried, draws positive balance for the first half year 2006. The company increased its output from 19.02 mn € by about 18% to 22.43 mn €. Decisive factors, among others, were the accretions in the core operating businesses as well as the recent take-overs. Growth was slightly held back by the reduced hardware sales of the Spanish subsidiary SHS Polar in comparison to last year’s figures, but only had a minor impact on operating margins. EBITDA with 0.63 mn €, is approx. 34% up against last year’s comparable figure of 0.47 mn €. EBITDA comprises provisions of 0.2 mn €, built in the second quarter 2006, for ongoing rebranding measures of the entire SHS VIVEON group. The adjusted EBITDA thus amounts to 0.83 mn € and corresponds to an increase of around 76%. Crucial for the groups´ net loss of minus 1.10 mn € in the first half year 2006 (comparable period 2005: -0.08 mn €) are especially depreciation and amortization of 1.75 mn €. Amortization mainly results from the acquisitions of VIVEON AG and Systech Software GmbH. Due to reporting date, receivables and work in progress increased, and led to an operating cash flow of minus 1.39 mn € in the first half year 2006 (comparable period 2005: 0.03 mn €). At the end of the period cash and cash equivalents of SHS VIVEON AG were at 1.32 mn € (comparable period 2005: 2.17 mn €). “SHS VIVEON AG developed positively in the first half year of the current fiscal year. Further we have created the conditions to participate even stronger in future market opportunities”, explains Dirk Roesing, CEO of SHS VIVEON AG. “The successful integration of the subsidiaries as well as the upcoming rebranding of the SHS VIVEON AG shall generate further impulses for the second half of 2006”, Dirk Roesing continues. The full half year report is available for download on www.shs.de. Martinsried-based SHS VIVEON 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 BMW Financial Services, Toyota Kreditbank, Ingram Micro, Crédit Agricole, T-Mobile, T-Online, SüdLeasing, Telefónica, amena, Barclaycard and other international companies in the automobile, information and financial services sector. For more information, see www.shs.de. SHS VIVEON AG Investor Relations Tel.: +49 – 89 – 747257-37 e-mail: Investor.relations@shs.de cometis AG Ulrich Wiehle Tel: +49 – 611 – 205855-11 e-mail: wiehle@cometis.de (c)DGAP 10.08.2006 ————————————————————————— 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 —————————————————————————