14/05/2009 Corporate News EN
Christian Steiner

SHS VIVEON AG publishes figures for the first quarter of 2009


SHS VIVEON AG / Quarter Results

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o Output at previous year's level
o EBITDA falls to EUR 0.17 million due to weak economy
o No change in situation of Spanish subsidiary

Martinsried, Germany, 14 May 2009 - SHS VIVEON AG, Europe's leading
supplier of customer management solutions, has made a satisfactory start in
financial year 2009 in view of the difficult economic conditions. In the
first quarter, output from the continued operations of the SHS VIVEON Group
stood at EUR 6.4 million, the same level as in the previous year. At EUR
0.17 million EBITDA was down on the previous year's level of EUR 0.43
million. This is mainly because of a decline in the utilisation of staff
capacities in comparison with the first quarter of 2008. The difficult
economic situation made its effects felt here. After write-downs of EUR
0.15 million (EUR 0.33 in the previous year), the SHS VIVEON Group posted
an EBIT of EUR 25 thousand in the first quarter of 2009, which is only
slightly below the previous year's figure of EUR 93 thousand. The financial
result in the first quarter of 2009 stood at
EUR -0.21 million (EUR -0.18 million in the previous year). After tax, the
SHS VIVEON Group in the first quarter of 2009 posted a result of EUR -0.16
million in its continuing operations, as compared with EUR -0.99 million in
the first quarter of 2008.

Including the SHS VIVEON Group's discontinued operations, the result for
the first quarter of 2009 amounts to EUR -0.68 million in comparison with
EUR -0.18 million in the equivalent period of 2008. As in previous periods,
this marked decline is due to the difficult earnings situation of our
Spanish subsidiary, SHS Polar.

Earnings (loss) per share (undiluted) in the first quarter of 2009 totalled
EUR -0.20, as far as the continuing operations of the SHS VIVEON Group are
concerned (EUR -0.12 in the same quarter of the previous year).

After the successful conclusion of the recapitalisation measures initiated
in 2008, the equity ratio of the SHS VIVEON Group at 31 December 2009 had
risen from 33 percent to 41 percent. Cash holdings at 31 March 2009 stood
at EUR 3,593 thousand as compared with EUR 1,622 thousand at 31 December
2008, a significantly higher figure than at the end of 2008. This is mainly
because of the cash inflow of around EUR 3.3 million as a result of the
placement of convertible bond 2009 in the middle of March.

'In view of the extremely difficult economic conditions, we are satisfied
with the development of our results for the first quarter of 2009,' says
Dirk Roesing, CEO of SHS VIVEON AG. 'Nevertheless, we have lost no time in
taking measures to improve the utilisation of our staff capacities and to
optimise our cost structure. In Spain, we are working under full speed to
find a solution to the very difficult situation.'

The full report for the first quarter 2009 of SHS VIVEON AG is now
available at www.shs-viveon.com under Investor Relations where it can be
read and downloaded.

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 400
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:
www.The-Customer-Management-Company.com


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



14.05.2009 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: DE000A0XFWK2
WKN: A0XFWK
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München

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