SHS Viveon AG

Earnings Release • Mar 18, 2002

News Details

Corporate | 18 March 2002 20:06

SHS Informationssysteme english

SHS Informationssysteme AG – provisional figures for 2001 Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– München, 18. March 2002 – According to the provisional figures, SHS Informationssysteme AG (WKN 507240) will conclude the 2001 business year within the group with an aggregate performance of EUR 32.3 mill. (previous year in a comparable “as if consideration”: EUR 29.4 mill.). Thus SHS has realized an organic growth of nearly 10% in a very difficult market environment and has further expanded its position within the European market for IT services. The slightly negative EBITDA of – EUR 0,3 mill. (previous year “as if” EUR 4.6 mill.) essentially results from an unpredictable decline in turnover to the end of the year caused by the significant economic slowdown on the market for telecommunication. This led to a noticeable low profile in investments of our clients and thus to a shifting of orders, in particular with UMTS investments. Exceptional expenses for the integration of the Spanish POLAR Group occurred as a strain. In consideration of the continuing difficult market conditions, the period of amortization of the goodwill was reduced to 10 years and further measures for risk provision were taken. These measures have a material reducing effect on the group result, which amounts to – EUR 3.6 mill. (previous year “as if” EUR 1.9 mill.). Already in the middle of 2001, SHS had answered to the decreasing growth by a reorganisation and investments for the implementation of a strategy adapted to the changed market conditions. With the optimised organisation as well as with new products and services also for new markets, SHS is positive about achieving a significant improvement of the result for the current business year 2002. “We have refined our strategy and will offer our process know-how globally and thus further increase our potentials for growth. A concrete example for this is the further development of our product GUARDEAN, which is specially designed for financial service providers in connection with the Basel-II-Amendment. In addition, we will extend our range of services with a mixture of our business models so that also by this, we will gain higher chances for growth: consequently our product and ASP business will have a key role”, said Chris Bogers, new Chief Financial Officer of SHS Informationssysteme AG. “Together with the investments already effected for the European expansion and our reorganisation, the points have thus been set for a successful 2002 business year.” Already in January 2002, SHS notched up a very good backlog of orders with EUR.8 mill. The high volume of orders, the solid customer base and the international presence in Spain, France and Italy constitute a sound foundation for further organic growth. SHS will present the complete 2001 group accounts and the prospects for business development in 2002 at the press conference on the annual accounts taking place on March 27, 2002 (Munich) and at the DVFA Analysts” Conference (Frankfurt). In addition, the board of directors is available for queries in the Wallstreet online chat as of 9.00 p.m. ——————————————————————————– ——————————— Background Information SHS at a glance: The internationally active SHS Information Systems AG is among the leading consulting firms for Information Technology (IT) on the European market. With a main focus on telecommunications companies and financial service providers, SHS increasingly counts firms from other sectors – for instance, energy supply – among its clients. The Munich-founded group with about 500 employees today is de-centrally organised, and maintains a total of 10 locations in Germany, Spain, France and Italy. Along with T-Mobile, arcor from the Vodafone group, e-plus and VIAG Interkom, SHS supports all four of the largest German mobile phone service providers. France telecom and Spain”s Telefonica are also among the clients in the field of telecommunications. Moreover, SHS supports renowned financial service providers such as Germany”s SÜDLEASING, the Banco Central Santander Hispano (BSCH) in Spain or Exane in France. 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. Gladly available in the event of questions: SHS Information Systems AG Christian Angerer Investor Relations Telephone: +49 – 89 – 74 72 57 – 18 Fax: +49 – 89 – 74 72 57-10 e-mail: info@shs.de Internet: www.shs.de end of message, (c)DGAP 18.03.2002