SHS VIVEON AG: 9-months figures 2006

SHS VIVEON AG / Quarter ResultsAnnouncement transmitted by DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.----------------------------------------------------------------------• Dynamic growth in core business through acquisitions • Earnings influenced by special one time itemsMartinsried, November 9, 2006 – SHS VIVEON AG, specialised in customervalue and customer risk management, has again increased its total output incomparison to the same period of the previous year. Total output of thefirst nine months of the fiscal year 2006 increased by around 7% to 31.2million EUR. The core business of SHS VIVEON group developed extremelywell. Not least due to acquisitions, total output increased by around 40%from 19.4 million EUR to 27.1 million EUR. In contrast, theopportunistically driven hardware business of the Spanish subsidiary SHSPolar declined and contributed around 4.2 million EUR to total outputduring the first 9 months (9.9 million EUR in the comparable period of theprevious year).The EBITDA (Earnings before interest, taxes, depreciation and amortisation)in the first 9 months of 2006 was at 0.7 million EUR, approximately 0.3million EUR below the comparable figure of the previous year of 1.0 millionEUR. Especially the one time integration expenses in Germany in the amountof 0.8 million EUR next to lower hardware sales were responsible for thelower profitability. In addition, the strategic decision to ceasingbusiness activities of the recently introduced second business division inSpain led to one time expenses of 1.1 million EUR, and also reduced theEBITDA of SHS VIVEON group.Correspondingly, after 9 months EBIT (Earning before interest and taxes)amounted to minus 1.9 million € (comparable period 2005: 0.8 million EUR).Here, the increase of the ordinary amortisation and depreciation from 0.2million EUR to 2.6 million EUR mainly due to the planned amortisation ofintangible assets activated in course of the recent acquisitions, come intoeffect. Net income amounted to minus 1.7 million EUR (previous year: 0.0million EUR). Due to the increased receivables and work in progress at theend of the period, the operating cash flow of SHS VIVEON group was down tominus 1.4 million EUR in comparison to minus 0.5 million EUR in thecomparable period last year. As of September 30, 2006, SHS VIVEON group hascash and cash equivalents in the amount of 1.0 million EUR (previous year:1.4 million EUR).'Especially the third quarter 2006 was influenced by one time specialitems', explains CEO Dirk Roesing and adds: 'Thanks to the successfullyproceeding integration, we have been able to create a new, efficientorganisational structure faster than anticipated. This builds thefoundation to grow more dynamically and profitably in the coming fiscalyear!'The full 9 months report is available for download on the Websitewww.shs-viveon.com.Martinsried-based SHS VIVEON AG (former SHS Informationssysteme AG) islisted on the Prime Standard segment of the Frankfurt Stock Exchange andoperates subsidiaries in Spain and Switzerland. The IT services providerfocuses on offering customer management and credit risk managementsolutions to companies with a broad customer base. In 2005, the companyrecorded revenues of EUR 41 million. The customers of SHS VIVEON AG includeFinancial Services, Crédit Agricole, DAB Bank, Danone, E-Plus, IngramMicro, Karstadt, O2, Orange, SüdLeasing, Telefónica, Toyota Kreditbank,T-Mobile, T-Online and other international companies in the automobile,information and financial services sector. For more information, seewww.SHS-VIVEON.com.Further information:SHS VIVEON AGDaniela NaseTel.: +49 – 89 – 747257-37e-mail:Investor.Relations@SHS-VIVEON.comcometis AGUlrich WiehleTel: +49 – 611 – 205855-11e-mail: wiehle@cometis.deDGAP 09.11.2006 ---------------------------------------------------------------------- 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.deWWW:          www.shs.deISIN:         DE0005072409WKN:          507240Indices:      Listed:       Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr              in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf End of News                                     DGAP News-Service ---------------------------------------------------------------------------