Financials 2008: SHS VIVEON Group shows two digit growth in 2008

SHS VIVEON AG / Final ResultsRelease of a Corporate News, transmitted by DGAP - a company of EquityStoryAG.The issuer / publisher is solely responsible for the content of this announcement.----------------------------------------------------------------------o Output up around 16% to EUR 25.9 million o EBITDA at EUR 0.3 milliono Burden due to difficulties with Spanish subsidiary Martinsried, March 26, 2009 - SHS VIVEON AG, Europe's leading provider ofcustomer management solutions, was able to show a two digit growth in thelast fiscal year. SHS VIVEON Group recorded an output of EUR 25.9 millionin its continuing operations in 2008. This represents an increase of 16percent compared to last years figure of EUR 22.4 million. The resultbefore interest, taxes and depreciation and amortization (EBITDA) with EUR0.3 was below last years figure of EUR 0.6 million. Main reasons for thiswere the increased expenses for recruiting as well as increased otheroperating expenses that strained the profits in 2008. In addition aprovision of EUR 0.2 million in context with the new headquarters buildingthat the company will move to mid 2009 was set up as of the balance sheetdate. Including the depreciation and amortization of EUR 1.5 million(previous year: EUR 2.8 million) SHS VIVEON Group did record earningsbefore interest and taxes (EBIT) in 2008 of EUR minus 1.2 million. Thisrepresents a considerable improvement compared to last years figure of EURminus 3.1 million. The financial result in 2008 was EUR minus 0.7 million(previous year: EUR minus 0.5 million). After taxes the result of thecontinuing operations of SHS VIVEON Group in 2008 was EUR minus 1.7 millioncompared to EUR minus 3.2 million in the previous year.Including the result from discontinued operations the result of SHS VIVEONGroup in 2008 was EUR minus 16.6 million compared to EUR 0.9 million in theprevious year. The main reasons for this decline in results were thedifficulties with the Spanish subsidiary SHS Polar that led to a drasticamortisation of the goodwill at the value of EUR 12.5 million as well asthe negative operational performance of SHS Polar in 2008.For the continued operations the undiluted earnings per share for SHSVIVEON Group for 2008 added up to EUR minus 0.12 (previous year: EUR minus0.23). As of the balance sheet day the equity ratio was 33 percent(previous year: 56 percent).'Due to the situation of our Spanish subsidiary SHS Polar the business year2008 was one of the most difficult periods in the recent history of ourcompany', stated Dirk Roesing, CEO of SHS VIVEON AG. 'Thanks to thesuccessful completion of the recapitalization we succeeded in stabilizingSHS VIVEON AG and provided our company with more flexibility concerning themanagement of our Spanish subsidiary SHS Polar.'The full annual report 2008 of SHS VIVEON AG will be available on30.03.2009 on our homepage under www.shs-viveon.com under the InvestorRelations section.SHS VIVEON AG is a pan-European business and IT consulting firm forcustomer management solutions, with a range of products specializing incustomer risk management. SHS VIVEON AG, based in Martinsried (by Munich),is listed in Frankfurt Stock Exchange's Prime Standard and has a presencein four European countries with four subsidiaries and eight locations: SHSVIVEON GmbH (D), SHS VIVEON Schweiz AG (CH), SHS Polar SistemasInformáticos S.L. (E) and SHS VIVEON Iberia S.L. (E). SHS VIVEON is one ofEurope's leading providers for customer management with around 450employees and in excess of 150 customers in 15 countries, of which 30% areincluded in Fortune 500 International. SHS VIVEON's customers includewell-known companies from the financial services, industrial and retail andtelecommunications segments, including BayWa, BMW Financial Services,Credit Suisse, Daimler, Deutsche Telekom, Ingram Micro, RaabKarcher,Telefonica o2, Orange and SüdLeasing. Further information on the companycan be found at:www.The-Customer-Management-Company.comSHS VIVEON AGWolfgang BrandTel.: +49 (0)89 - 747257-0Email: Investor.Relations@SHS-VIVEON.com 26.03.2009  Financial News transmitted by DGAP---------------------------------------------------------------------- Language:     EnglishIssuer:       SHS VIVEON AG              Fraunhoferstraße 12              82152 Martinsried bei München              DeutschlandPhone:        +49 (0)89 747-257-0Fax:          +49 (0)89 747-257-10E-mail:       investor.relations@shs-viveon.comInternet:     www.shs-viveon.comISIN:         DE000A0XFWK2WKN:          A0XFWKListed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr              in Berlin, Stuttgart, München End of News                                     DGAP News-Service ---------------------------------------------------------------------------