SHS Viveon AG

Earnings Release • May 25, 2005

News Details

Corporate | 25 May 2005 08:01

SHS Informationssysteme: SHS reports growth in output and EBITDA in Q1/2005

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Successful acquisition of prestigious new customers Munich, May 25, 2005 – SHS Informationssysteme AG today announced yet another increase in its output in the first three months of 2005. The Munich-based IT service provider recorded an output of EUR 9.7 million in the first quarter (Q1/2004: EUR 6.8 million). SHS also managed to boost its EBITDA considerably in the first quarter of 2005. The EBITDA was EUR 0.3 million (Q1/2004: EUR 2,000). Furthermore, SHS recorded a positive cash flow from operating activities of EUR 0.3 million in the first quarter of 2005. This compares to a negative cash flow from operating activities of EUR -1.1 million in the same period of last year. The company increased its cash and cash equivalents by some EUR 2 million as a result of the March 2005 capital increase. SHS will invest this money in fueling further growth. “We had a good start into the current fiscal year,” says Dirk Roesing, chief executive officer of SHS, commenting on the company’s performance in the first three months of 2005. “Last year, our focus was on restructuring and repositioning the SHS Group. Our primary goal for 2005 is to establish our services and products including the GUARDEAN application in the market and to expand our customer portfolio. We will pursue this goal vigorously.” SHS has managed to attract some prestigious new customers since the beginning of the year, among them Credibom, the Portuguese market leader for consumer loans. Credibom is also SHS’s first customer in Portugal. Market leaders such as IT distributor Ingram Micro and credit card settlement service provider First Data Corporation also recently deployed the GUARDEAN software from SHS. The Annual General Meeting of SHS Informationssysteme AG will take place today in Munich. 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: SHS Informationssysteme AG Daniela Nase Tel: +49 – 89 – 747257- 37 E-Mail: daniela.nase@shs.de HOSCHKE & CONSORTEN Public Relations GmbH Grit Muschelknautz Tel: +49 – 40 – 369050-41 E-Mail: g.muschelknautz@hoschke.de End of announcement (c)DGAP 25.05.2005 —————————————————————————— WKN: 507240; ISIN: DE0005072409; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 250801 Mai 05