27/08/2008 Corporate News EN
Christian Steiner
Christian Steiner
SHS VIVEON AG continues to enjoy on-track growth in H1 2008
SHS VIVEON AG / Half Year Results
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o Output in continued operations up 16% to EUR 12.7 million
o EBITDA at previous year's level of EUR 0.3 million
o Consolidated earnings significantly improved in continued operations
Martinsried, August 28, 2008 – SHS VIVEON AG, one of the leading providers
of IT solutions for customer management successfully continued its on-track
growth in its continued operations in the first half of 2008. The
Munich-based software and consulting company increased total output by 16%
from EUR 10.95 million in H1 2007 to EUR 12.66 million. The business up for
sale in Spain (see ad hoc disclosure dated July 16, 2008) was reclassified
in the six-month financial statements (IFRS) as discontinued operations,
resulting in a correspondingly lower output at SHS VIVEON Group level.
In its continued operations, SHS VIVEON AG recorded an EBITDA of EUR 0.35
million, and thus at approximately the same level as in the previous year
(EUR 0.34 million). The slightly lower EBITDA margin was primarily due to
the increased costs of hiring staff. Dirk Roesing, SHS VIVEON AG's CEO,
commented: 'Expanding our highly-qualified workforce was our clear
objective in the second quarter. We believe that the dynamic growth on the
German market will continue, and we want to benefit from these growth
opportunities in the second half of the year!'
Consolidated earnings from continued operations totaled EUR -0.25 million
after the end of the first six months of 2008 – a significant improvement
compared to H1 2007 (EUR -1.04 million). Earnings were depressed by the
scheduled amortization of intangible assets in connection with the
acquisitions of Systech Software GmbH and Viveon AG totaling EUR 0.54
million, which were executed for the last time in fiscal year 2008. As a
result, earnings per share from continued operations totaled EUR -0.02
(previous year: EUR -0.07). 'The planned sale of our Spanish business and
our clear focus on the German-speaking region will provide us with the
foundations to record sustained, positive results again,' said Dirk
Roesing, looking to the coming fiscal year.
In contrast, the discontinued operations recorded a substantial loss of EUR
-12.3 million. This is due to factors including the lower output for the
Spanish business, and also to the fact that SHS VIVEON AG – as already
announced – has written down the goodwill for SHS Polar in the amount of
EUR 11.0 million in connection with the planned divestiture.
The half year financial report 2008 of SHS VIVEON AG is available for
download on the Investor Relations section on the company’s Website
www.shs-viveon.com.
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 500
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, o2
Deutschland, Orange, SüdLeasing and Telefonica. Further information on the
company can be found at: www.The-Customer-Management-Company.com
SHS VIVEON AG
Wolfgang Brand
Tel.: +49 (0)89 - 747257-0
Email: Investor.Relations@SHS-VIVEON.com
cometis AG
Ulrich Wiehle
Tel.: +49 (0)611 - 205855-11
Email: wiehle@cometis.de
27.08.2008 Financial News transmitted by DGAP
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Language: English
Issuer: SHS VIVEON AG
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-viveon.com
Internet: www.shs-viveon.com
ISIN: DE0005072409
WKN: 507240
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart
End of News DGAP News-Service
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