SHS Viveon AG

Earnings Release • May 11, 2006

News Details

Corporate | 11 May 2006 08:00

SHS Informationssysteme AG: Successful first quarter 2006

Corporate-news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Munich, May 11, 2006 – The SHS Informationssysteme AG, Martinsried /Munich, looks back at a successful first quarter 2006. Within this period the SHS Group was able to increase its output by 15.4% from EUR 9.69 million to EUR 11.18 million. The decisive factor for this positive development was the improved operations of the SHS Group. As of October 2005 and February 2006, SHS Systech Software GmbH and Viveon AG respectively also belong to the SHS Group. A significant increase in EBITDA to EUR 0.43 million was achieved compared to EUR 0.27 million in the prior year period in 2005. Especially due to high expenses for goodwill amortisation as a result of takeovers, the first quarter 2006 resulted in a net loss of minus EUR 0.51 million (1. quarter 2005: EUR -0.06 million). This corresponds to earnings per share of minus EUR 0.05. ‘With the results of the first quarter we are heading in the right direction. In the short and medium term we want to benefit even more from the current market opportunities through our extended service portfolio”, commented Chief Executive Officer Dirk Roesing and adds: “Our new customers, won in the first quarter 2006, among them DaimlerChrysler Financial Services AG, affirm our market knowledge and our optimized IT-solutions as a result of the acquisitions. In the course of the acquisitions, the balance sheet and liquidity ratios changed only minimally. Resulting from the capital increase in March 2006, the equity ratio increased only slightly to 46.5% on the quarter closing date (December 31, 2005: 44.2%). In consequence of consolidation, cash and cash equivalents rose to EUR 2.49 million compared to EUR 1.67 million at the end of fiscal year 2005. The target for the current fiscal year, next to the continuous advancement of operations, is the successful integration of the acquired companies. With this the SHS Group creates the requisites to bundle the strengths of the company. The objective is to increase the customer base and thus to enforce the growth of the company in Germany and Western Europe. Due to the current preparation of a prospectus in connection with recent capital increases the detailed quarterly report will be published on May 18 instead of May 11, 2006. MSHS Informationssysteme AG, based in Martinsried/ Munich, is listed on the Prime Standard segment of the Frankfurt Stock Exchange and operates a subsidiary in Spain and Switzerland. The IT services provider focuses on offering customer management and credit risk management solutions to companies with a broad customer base. In 2005, the company recorded revenues of EUR 41 million. The customers of SHS Informationssysteme AG include BMW Financial Services, Toyota Kreditbank, Ingram Micro, Crédit Agricole, T-Mobile, T-Online, SüdLeasing, Telefónica, amena, Barclaycard and other international companies in the automobile, information and financial services sector. For more information, see www.shs.de SHS Informationssysteme AG Investor Relations Tel.: +49 – 89 – 747257-37 e-mail: investor.relations@shs.de cometis AG Ulrich Wiehle Tel: +49 – 611 – 205855-11 e-mail: wiehle@cometis.de (c)DGAP 11.05.2006 ————————————————————————— Language: English Issuer: SHS Informationssysteme AG Fraunhoferstraße 12 82152 Martinsried bei München Deutschland Phone: +49-(0)89-747-257-0 Fax: +49-(0)89-747-257-10 email: investor.relations@shs.de WWW: www.shs.de ISIN: DE0005072409 WKN: 507240 indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service —————————————————————————