SHS Viveon AG

Earnings Release • May 14, 2002

News Details

Corporate | 14 May 2002 09:01

SHS Informationssysteme english

Increase of total output compared to prevoius year period by 8%, positive EBITDA Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Munich, May 14 2002 -Today SHS Informationssysteme AG (WKN 507240) announces its quarterly results for the first three months of the business year. SHS group has achieved a total output in the first three months of the business year 2002 of EUR 7,9 mill thus an increase by 8,2% (previous year: EUR 7,3 mill). The Spanish subsidary SHS POLAR has achieved a further diversification of its customer base on the for SHS important Spanish market through a multitude of new customers. This led to a significant increase of total output by 36% to EUR 4,9 mill. Total output of the German sub-group amounted to EUR 2,4 mill (previous year EUR 3,0 mill) and reached the plan. SHS has achieved a strong improvement of earnings befor interest, taxes depreciation and amortization (EBITDA) with EUR 0,34 mill compared to the comparable period of the previous year by 42% (previous year: EUR 0,24 mill). Despite the missing economic upturn in Germany and further demanding market environment SHS was able to strengthen its business. “The improvement of results show, we move the right leverages with the measures for increasing productivity and initiated cost cutting, in the middle of last year.” says Chris Bogers, Chief Financial Officer “This has affected our quarterly results positively. However, we have to continue our optimisations” SHS has increased the number of employees in within the group compared to the previous year period by 22% from 455 to 553. While the number of employees in Germany was slightly reduced, SHS POLAR increased its number of employees according to the good market demand to 396. In the first quarter, SHS has achieved an important goal by redeeming all purchase price settlements for 2002 for the POLAR-Group before maturity. Thus SHS has settled the last variable installment of EUR 5,6 mill, instead of planned EUR 7,6 mill, as well as another purchase price obligation of EUR 1,0 mill before maturity in October at a discounted value. Also the company building in Valladolid, Spain was sold as planned in a sale-and-lease-back transaction. “After realisation of this transactions SHS POLAR can concentrate fully on the operative business” according to Chris Bogers, “Our overriding task remains the transformation of our large industry-know-how into a process leadership, which we started during the last year ” On May 14, 2002 at 19:00 Chief Fiancial Officer Chris Bogers is available in a chat on wallstreet-online for further informations. Background information SHS at a glance: The internationally active SHS Informationssysteme AG is among the leading consulting firms for Information Technology (IT) in the European market. With a main focus on telecommunications companies and financial service providers, SHS increasingly counts firms from other sectors among its clients. SHS provides taylor made IT-solutions: these comprise planning, realization and support of networks, optimisation of customer and sales oriented business processes as well as integration of billing systems. Further SHS has earned an international reputation with customer relationship management solutions. SHS offers with GUARDEAN a standardised risk-managment solution for the international deployment within the scope of customer analysis. The product GUARDEAN is adapted already yet for the demandings of Basel II – novelle. Shares from SHS (Security Code No.: 507240) have been quoted on the Neuer Markt of the German Stock Exchange in Frankfurt on Main since 19 May 1999. Available for queries: SHS Informationssysteme AG Investor Relations Christian Angerer Telefon: +49 – 89 – 74 72 57-18 Fax: +49 – 89 – 74 72 57-10 E-Mail: ir@shs.de Internet: www.shs.de end of message, (c)DGAP 14.05.2002