12/11/2008 Corporate News EN
Christian Steiner

SHS VIVEON AG enjoys double-digit growth in its core business in the first 9 months 2008

SHS VIVEON AG / Quarter Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
The issuer / publisher is solely responsible for the content of this announcement.

o Output in continued operations up 16% to EUR 19.0 million
o EBITDA in core business almost doubles to EUR 0.5 million

Martinsried, November 12, 2008 – SHS VIVEON AG, one of the leading
providers of IT solutions for customer management, again confirmed its
on-track growth in its core business in the first nine months of 2008. The
Munich-based software and consulting company increased its output by 16%
from EUR 16.39 million to EUR 19.01 million in the first nine months of
2008. As already reported in the Half Year Financial Report, the business
that is up for sale in Spain is carried as discontinued operations under

In its continued operations, SHS VIVEON AG recorded EBITDA of EUR 0.48
million, and thus up around 79% on the same period of the previous year
(EUR 0.27 million). As a result of the scheduled amortization of intangible
assets performed for the last time this year, EBIT in the continued
operations totaled EUR -0.50 million (previous year: EUR -1.30 million).
Consolidated earnings from continued operations totaled EUR -0.40 million
after the end of the first nine months of 2008 – also a significant
improvement compared to the previous year (EUR -1.43 million). This
corresponds to earnings per share of EUR -0.03 (previous year: EUR -0.10).
The cash flow from operating activities in the continued and discontinued
operations totaled EUR 0.18 million (9m 2007: EUR -2.02 million). Cash and
cash equivalents as of September 30, 2008 totaled EUR 1.37 million.

As of September 30, 2008 discontinued operations recorded a significant
loss of EUR -13.76 million. This was due to the extraordinary
write-down of goodwill in connection with the planned sale of SHS Polar at
the amount of EUR 11 million already performed on June 30, 2008. There was
an additional amortization of goodwill for SHS Polar in the third quarter
of 2008 totaling EUR 0.90 million. As a result, SHS VIVEON AG has done
justice to the fact that the anticipated price from the sale, which has not
yet been completed, is expected to be lower than expected as a result of
the depressed situation on the market. In the first nine months of 2008 the
output in the discontinued operations was EUR 17.5 million and therefore
was substantially lower than the output of EUR 25.7 million generated in
2007. This means that the total output for SHS VIVEON Group in 2008 will be
lower than in the previous year.

Dirk Roesing, CEO of SHS VIVEON AG, is pleased with growth in the continued
operations: 'We are right on track in our core business. We are working
intensely in Spain to find a good solution as early as possible.'

SHS VIVEON AG's full nine month report for 2008 can be downloaded with
immediate effect from the company's Web Site www.shs-viveon.com (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:
GUARDEAN 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,
Telefónica o2, Orange and SüdLeasing. Further information on the company
can be found at:

Further information:

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

12.11.2008 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
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