09/11/2006 Corporate News EN
Christian Steiner

SHS VIVEON AG: 9-months figures 2006

SHS VIVEON AG / Quarter Results

Announcement 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 items

Martinsried, November 9, 2006 – SHS VIVEON AG, specialised in customer
value and customer risk management, has again increased its total output in
comparison to the same period of the previous year. Total output of the
first nine months of the fiscal year 2006 increased by around 7% to 31.2
million EUR. The core business of SHS VIVEON group developed extremely
well. Not least due to acquisitions, total output increased by around 40%
from 19.4 million EUR to 27.1 million EUR. In contrast, the
opportunistically driven hardware business of the Spanish subsidiary SHS
Polar declined and contributed around 4.2 million EUR to total output
during the first 9 months (9.9 million EUR in the comparable period of the
previous year).

The EBITDA (Earnings before interest, taxes, depreciation and amortisation)
in the first 9 months of 2006 was at 0.7 million EUR, approximately 0.3
million EUR below the comparable figure of the previous year of 1.0 million
EUR. Especially the one time integration expenses in Germany in the amount
of 0.8 million EUR next to lower hardware sales were responsible for the
lower profitability. In addition, the strategic decision to ceasing
business activities of the recently introduced second business division in
Spain led to one time expenses of 1.1 million EUR, and also reduced the

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 0.2
million EUR to 2.6 million EUR mainly due to the planned amortisation of
intangible assets activated in course of the recent acquisitions, come into
effect. Net income amounted to minus 1.7 million EUR (previous year: 0.0
million EUR). Due to the increased receivables and work in progress at the
end of the period, the operating cash flow of SHS VIVEON group was down to
minus 1.4 million EUR in comparison to minus 0.5 million EUR in the
comparable period last year. As of September 30, 2006, SHS VIVEON group has
cash 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 special
items', explains CEO Dirk Roesing and adds: 'Thanks to the successfully
proceeding integration, we have been able to create a new, efficient
organisational structure faster than anticipated. This builds the
foundation to grow more dynamically and profitably in the coming fiscal

The full 9 months report is available for download on the Website

Martinsried-based SHS VIVEON AG (former SHS Informationssysteme AG) is
listed on the Prime Standard segment of the Frankfurt Stock Exchange and
operates subsidiaries 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 VIVEON AG include
Financial Services, Crédit Agricole, DAB Bank, Danone, E-Plus, Ingram
Micro, 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, see

Further information:

Daniela Nase
Tel.: +49 – 89 – 747257-37

cometis AG
Ulrich Wiehle
Tel: +49 – 611 – 205855-11
e-mail: wiehle@cometis.de

DGAP 09.11.2006

Language: English
Fraunhoferstraße 12
82152 Martinsried bei München Deutschland
Phone: +49 (0)89 747-257-0
Fax: +49 (0)89 747-257-10
E-mail: investor.relations@shs.de
WWW: www.shs.de
ISIN: DE0005072409
WKN: 507240
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf

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