SHS Viveon AG

Earnings Release • Nov 17, 2005

News Details

Corporate | 17 November 2005 07:30

SHS Informationssysteme AG doubles operating result

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— SHS Informationssysteme AG doubles operating result Strategic decisions bear fruit Munich, November 17, 2005 – Munich-based SHS Informationssysteme AG today announced that it doubled its earnings before interest, taxes, depreciation and amortization (EBITDA) to EUR 1 million in the first nine months of 2005, up from approx. EUR 0.5 million (adjusted EBITDA without extraordinary items) in the same period of last year. This means that SHS managed to generate EBITDA in the first nine months of 2005 which equals the 2004 full-year figure. Net income for the reporting period was EUR 0.02 million. Last year’s income of EUR 0.3 million had been impacted by extraordinary items. The output of SHS showed a considerable increase in the first nine months of 2005, rising by more than 30 percent from EUR 22.5 million to EUR 29.3 million. “The positive development of SHS in the first half of the year continued into the third quarter of 2005,” said Dirk Roesing, chief executive officer of SHS AG. “With its customer risk and customer value management solutions, the SHS Group is better positioned than ever before.” The company has 465 employees, of whom 89 are employed in Germany (2004: 60) and 376 work in Spain (2004: 370). The third quarter of 2005: The output was EUR 10.3 million (Q3/2004: EUR 9.2 million). The development in Germany was particularly positive: By acquiring new customers such as Toyota and generating sales in the Swiss market, SHS increased its output significantly in the third quarter to EUR 2.1 million. This compares to an output of EUR 1.6 million in the first quarter and EUR 1.7 million in the second quarter of 2005. The Group’s EBITDA was EUR 0.53 million in the third quarter of 2005, just below previous year’s figure of EUR 0.66 million. However, this was primarily due to an increase in investemnts compared to the previous year. SHS also reported a positive net income of EUR 0.1 million for the third quarter of 2005. This compares to a loss of EUR minus 0.3 million in the third quarter of 2004. The most important strategic measure in the current fiscal year was the acquisition of Systech Software GmbH, Kastl, which was prepared in the third quarter and decided on October 7, 2005. This transaction has made SHS the market leader in receivables management for the trade industry in Germany. Dirk Roesing commented: “SHS thus serves one of the fastest growing industries in terms of receivables management and creates an excellent starting position for its planned international expansion.” A cash capital increase was successfully completed to finance the cash component of the Systech acquisition. The company generated gross proceeds of approx. EUR 2.3 million through this measure. “SHS demonstrated in the first nine months of the current year that it once again has evolved into a strong company that offers a portfolio of services based on innovative solutions and excellent industry expertise,” said Roesing. “This successful strategic realignment of SHS is rounded off by the acquisition of Systech Software GmbH.” Munich-based SHS Informationssysteme AG is listed on the Prime Standard segment of the Frankfurt Stock Exchange and operates a subsidiary in Spain. The IT services provider focuses on offering customer management and credit risk management solutions to companies with a broad customer base. In 2004, the company recorded revenues of EUR 32 million. The customers of SHS AG include amena, Barclaycard, BayWa, euroShell, Crédit Agricole, Credibom, Ingram Micro, Südleasing, Telefónica, T-Mobile, T-Online, TUI and other international companies in the information and financial sectors. For more information, see http://www.shs.de Further information: Daniela Nase SHS Informationssysteme AG Tel.: +49 – 89 – 747257-37 e-mail: daniela.nase@shs.de Andreas Hoschke HOSCHKE & CONSORTEN Public Relations GmbH Tel.: +49 – 40 – 369050-0 e-mail: a.hoschke@hoschke.de End of announcement (c)DGAP 17.11.2005 —————————————————————————— WKN: 507240; ISIN: DE0005072409; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart