SHS Viveon AG

Earnings Release • Aug 13, 2002

News Details

Corporate | 13 August 2002 11:08

SHS Informationssysteme english

Stabilization of total output to previous year period achieved Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Stabilization of total output to previous year period achieved Munich, 08.13.2002 – SHS Informationssysteme AG (WKN 507240) today reports ist result for the second quarter as well as the first six months of fiscal 2002. The second quarter was influenced by further consolidation and ended with a stabilization of business at the high previous year level. In the first half year 2002 the economic framework did not improve, particularly in Germany the results are influenced by the strong investment restraint. However, the SHS group has achieved with its half year revenues of EUR 15,5 mill. a positive stabilization to the very strong previous year period (EUR 15,4 mill.). The good development in Spain was able to compensate the weak German business. The second quarter 2002 was with a total output of EUR 7,6 mill. slightly lower than previous year second quarter. Despite the strained macroeconomic situation SHS was able to transfer the know- how earned in the telecommunication industry in further industries and thus further diversify the customer portfolio. “SHS Apsia has enforced its position in the French banking market with winning the third financial service provider, CCF, a company of the HSBC group.” says Dr. Ansgar Gründler, member of the board with responsibility for sales & marketing, “As well we were able to achieve our interim goals in Spain and Germany, we have important challenges ahead.” Hence, with winning of EPSON, SHS POLAR could reach a broadening of its already solid customer basis. In Germany SHS has enforced its position at financial service providers with BARCLACARD. Due to optimization of cost structure in the second quarter SHS has reduced material costs by further 77% to EUR 0,2 mill. as well as other operating costs by 4% to EUR 3,3 mill. Personal costs slightly increased to EUR 12,2 mill., mainly determined by the good situtaion in Spain. Compared to the previous year period the operative result could be increased. Hence SHS has achieved a result before amortization, depreciation, interest and taxes (EBITDA) of EUR 0,35 mill. (previous year EUR 0,26 mill.). The period results after taxes amount to EUR – 2,71 mill. This reflects the significantly increased expenditures for amortization and financing (previous year EUR -1,02 mill.). During the second quarter the number of employees within the group was slightly reduced by 3%, this results in an overall increase by 8% to 535, compared to prior year. Since August 13, 2002 the complete quarterly report is available on the web at http://www.shs.de. ——————————————————————————– ———— 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. The in Munich established company with today more than 500 employees maintains through four country companies alltogether 11 locations in Germany, Spain, France and Italy. 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 credit assesment of end customers. Further SHS has earned an international reputation with customer relationship management solutions in terms of e.-business and e-commerce-solutions. With T-Mobile, e-plus, Quam as well as O2 SHS attends to nearly all big German cellular phone network providers. Also france telecom and the spanish Telefónica count to ist customers in this sector. Further SHS attends to well known financial service providers as the German SÜDLEASING, Barclays Bank, Banco Central Santander Hispano (BSCH) in Spain or CCF 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. Available for queries: SHS Informationssysteme AG Christian Angerer Investor Relations Telefon: +49 – 89 – 74 72 57-18 Fax: +49 – 89 – 74 72 57-10 E-Mail: info@shs.de Internet: http://www.shs.de end of message, (c)DGAP 13.08.2002 ——————————————————————————– WKN: 507240; ISIN: DE0005072409; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 131108 Aug 02