SHS Viveon AG

Earnings Release • Nov 13, 2001

News Details

Ad-hoc | 13 November 2001 07:00

SHS Informationssysteme english

Results according to plan – growth continued Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Results according to plan – growth continued Munich, 13 November 2001 – SHS Informationssysteme AG, one of the leading IT service providers for the telecommunications industry, is today announcing its quarterly results for the first nine months of the financial year. Based on the adjusted targets of July for the whole year, the first nine months are clearly according to plan. The company achieved a total output of 24.2m EUR. This is equivalent to an organic growth of 20% over the corresponding previous year (‘deeming consideration’). The growth of the French subsidiary should especially be highlighted. Here, the total output in the first nine months of 2001 grew by 58% over the previous year from 1.2m EUR to 1.9m EUR. The result before depreciation, interest charges and taxes was 0.6m EUR. (Corresponding previous year was 3.1m EUR in the deeming consideration). Operating costs in the whole company have grown in comparison with the previous year by 37%. This covers in particular high investment in products which will enable SHS to open up future markets and one-off expenditure resulting from previous cost-cutting measures. The cost cutting measures already introduced were accelerated in the third quarter. The holding company’s expenditure was also significantly reduced in the framework of the measures to reduce costs. In spite of the tendency towards suppressed investment in the telcommunications market the orders books are well filled. Volume of orders is valued at 3.2m EUR (Previous year 3.1m EUR). The board of directors is confident that the whole year target of 34m EUR in total output and over 2.0m EUR EBITDA will be achieved. The priority objective of the company in the coming months is to further accelerate result-oriented growth and to achieve operational independence from the current lending restrictions of the banks by strengthening liquidity. To this end a comprehensive cost-cutting programme was adopted and implemented in Germany, entailing among other measures a reduction in staff numbers. The first results of this essential – but non-reccurent – measure will already become apparent in the fourth quarter. Queries should be directed to: SHS Informationssysteme AG Mr. Christian Angerer Tel.: +49 / 89 / 747257-23 Fax: +49 / 89 / 747257-10 E-Mail: ir@shs.de Internet: http://www.shs.de WAP: wap.shs.de end of ad-hoc-announcement (c)DGAP 13.11.2001 ——————————————————————————– WKN: 507240; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 130700 Nov 01