SHS Viveon AG

Earnings Release • Aug 18, 2005

News Details

Corporate | 18 August 2005 07:29

SHS Informationssysteme: SHS reports growth in output in the first six months

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— “We invest, we grow and we do it profitably.” Munich, August 18, 2005 – Munich-based SHS Informationssysteme AG today announced that is has increased its output in the first six months of 2005 by 40% to EUR 19.0 million (H1/2004: EUR 13.3 million). EBITDA was EUR 0.5 million compared to EBITDA of minus EUR 0.25 in the first half of 2004 (amount including extraordinary items related to debt reduction measures and the sale of the French subsidiary: EUR 2.05 million). “We have stepped up our sales efforts and won prestigious companies as customers for our GUARDEAN software in the past months,” says Dirk Roesing, chief executive officer of SHS AG. “Our half-year figures are proof that we are on the right track. We invest, we grow and we do it profitably.” The cash flow from operating activities of SHS also shows a very pleasing development: at EUR 0.03 million, it was slightly positive in the first two quarters of 2005. This compares to a cash flow of EUR -1.3 million for the same period of last year. As of June 30, 2005, the company, which is listed on the Prime Standard of the Frankfurt Stock Exchange, had cash and cash equivalents of EUR 2.2 million. Its equity ratio was 41%. As of June 30, 2005, SHS had 446 employees in Germany and Spain (previous year: 432). Looking at the second quarter of 2005: Total output was EUR 9.3 million (Q2/2004: EUR 6.5 million); EBITDA was EUR 0.2 million (Q2/2004: minus EUR 0.25 million). The second quarter of 2005 was the first quarter in about five years in which the company was able to report balanced earnings before taxes (EBT) (Q2/2004 not including extraordinary items related to debt reduction measures and the sale of the French subsidiary: EUR -1.4 million). “The next months will also be characterized by growth,” says Dirk Roesing. “We will continue to invest in order to push ahead with developing national and international markets and with reaching the ambitious goals of SHS.” 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 Ingram Micro, Crédit Agricole, Credibom, T-Mobile, T-Online, Südleasing, Telefónica, amena, Barclaycard 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, Grit Muschelknautz, HOSCHKE & CONSORTEN Public Relations GmbH, Tel.: +49 – 40 – 369050-41, e-mail: g.muschelknautz@hoschke.de End of announcement (c)DGAP 18.08.2005 —————————————————————————— WKN: 507240; ISIN: DE0005072409; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 180729 Aug 05