26/03/2009 Corporate News EN
Christian Steiner

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

SHS VIVEON AG / Final Results

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o Output up around 16% to EUR 25.9 million
o EBITDA at EUR 0.3 million
o Burden due to difficulties with Spanish subsidiary

Martinsried, March 26, 2009 - SHS VIVEON AG, Europe's leading provider of
customer management solutions, was able to show a two digit growth in the
last fiscal year. SHS VIVEON Group recorded an output of EUR 25.9 million
in its continuing operations in 2008. This represents an increase of 16
percent compared to last years figure of EUR 22.4 million. The result
before interest, taxes and depreciation and amortization (EBITDA) with EUR
0.3 was below last years figure of EUR 0.6 million. Main reasons for this
were the increased expenses for recruiting as well as increased other
operating expenses that strained the profits in 2008. In addition a
provision of EUR 0.2 million in context with the new headquarters building
that the company will move to mid 2009 was set up as of the balance sheet
date. Including the depreciation and amortization of EUR 1.5 million
(previous year: EUR 2.8 million) SHS VIVEON Group did record earnings
before interest and taxes (EBIT) in 2008 of EUR minus 1.2 million. This
represents a considerable improvement compared to last years figure of EUR
minus 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 the
continuing operations of SHS VIVEON Group in 2008 was EUR minus 1.7 million
compared to EUR minus 3.2 million in the previous year.

Including the result from discontinued operations the result of SHS VIVEON
Group in 2008 was EUR minus 16.6 million compared to EUR 0.9 million in the
previous year. The main reasons for this decline in results were the
difficulties with the Spanish subsidiary SHS Polar that led to a drastic
amortisation of the goodwill at the value of EUR 12.5 million as well as
the negative operational performance of SHS Polar in 2008.

For the continued operations the undiluted earnings per share for SHS
VIVEON Group for 2008 added up to EUR minus 0.12 (previous year: EUR minus
0.23). 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 year
2008 was one of the most difficult periods in the recent history of our
company', stated Dirk Roesing, CEO of SHS VIVEON AG. 'Thanks to the
successful completion of the recapitalization we succeeded in stabilizing
SHS VIVEON AG and provided our company with more flexibility concerning the
management of our Spanish subsidiary SHS Polar.'

The full annual report 2008 of SHS VIVEON AG will be available on
30.03.2009 on our homepage under www.shs-viveon.com under the Investor
Relations section.

SHS VIVEON AG is a pan-European business and IT consulting firm for
customer management solutions, with a range of products specializing in
customer risk management. SHS VIVEON AG, based in Martinsried (by Munich),
is listed in Frankfurt Stock Exchange's Prime Standard and has a presence
in four European countries with four subsidiaries and eight locations: SHS
VIVEON GmbH (D), SHS VIVEON Schweiz AG (CH), SHS Polar Sistemas
Informáticos S.L. (E) and SHS VIVEON Iberia S.L. (E). SHS VIVEON is one of
Europe's leading providers for customer management with around 450
employees and in excess of 150 customers in 15 countries, of which 30% are
included in Fortune 500 International. SHS VIVEON's customers include
well-known companies from the financial services, industrial and retail and
telecommunications segments, including BayWa, BMW Financial Services,
Credit Suisse, Daimler, Deutsche Telekom, Ingram Micro, RaabKarcher,
Telefonica o2, Orange and SüdLeasing. Further information on the company
can be found at:

Wolfgang Brand
Tel.: +49 (0)89 - 747257-0
Email: Investor.Relations@SHS-VIVEON.com

26.03.2009 Financial News transmitted by DGAP

Language: English
Fraunhoferstraße 12
82152 Martinsried bei München
Phone: +49 (0)89 747-257-0
Fax: +49 (0)89 747-257-10
E-mail: investor.relations@shs-viveon.com
Internet: www.shs-viveon.com
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München

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