SHS VIVEON AG publishes figures for the first quarter of 2009

SHS VIVEON AG / Quarter ResultsRelease of a Corporate News, transmitted by DGAP - a company of EquityStoryAG.The issuer / publisher is solely responsible for the content of this announcement.----------------------------------------------------------------------o Output at previous year's level o EBITDA falls to EUR 0.17 million due to weak economyo No change in situation of Spanish subsidiary Martinsried, Germany, 14 May 2009 - SHS VIVEON AG, Europe's leadingsupplier of customer management solutions, has made a satisfactory start infinancial year 2009 in view of the difficult economic conditions. In thefirst quarter, output from the continued operations of the SHS VIVEON Groupstood at EUR 6.4 million, the same level as in the previous year. At EUR0.17 million EBITDA was down on the previous year's level of EUR 0.43million. This is mainly because of a decline in the utilisation of staffcapacities in comparison with the first quarter of 2008. The difficulteconomic situation made its effects felt here. After write-downs of EUR0.15 million (EUR 0.33 in the previous year), the SHS VIVEON Group postedan EBIT of EUR 25 thousand in the first quarter of 2009, which is onlyslightly below the previous year's figure of EUR 93 thousand. The financialresult in the first quarter of 2009 stood atEUR -0.21 million (EUR -0.18 million in the previous year). After tax, theSHS VIVEON Group in the first quarter of 2009 posted a result of EUR -0.16million in its continuing operations, as compared with EUR -0.99 million inthe first quarter of 2008.Including the SHS VIVEON Group's discontinued operations, the result forthe first quarter of 2009 amounts to EUR -0.68 million in comparison withEUR -0.18 million in the equivalent period of 2008. As in previous periods,this marked decline is due to the difficult earnings situation of ourSpanish subsidiary, SHS Polar. Earnings (loss) per share (undiluted) in the first quarter of 2009 totalledEUR -0.20, as far as the continuing operations of the SHS VIVEON Group areconcerned (EUR -0.12 in the same quarter of the previous year). After the successful conclusion of the recapitalisation measures initiatedin 2008, the equity ratio of the SHS VIVEON Group at 31 December 2009 hadrisen from 33 percent to 41 percent. Cash holdings at 31 March 2009 stoodat EUR 3,593 thousand as compared with EUR 1,622 thousand at 31 December2008, a significantly higher figure than at the end of 2008. This is mainlybecause of the cash inflow of around EUR 3.3 million as a result of theplacement of convertible bond 2009 in the middle of March.'In view of the extremely difficult economic conditions, we are satisfiedwith the development of our results for the first quarter of 2009,' saysDirk Roesing, CEO of SHS VIVEON AG. 'Nevertheless, we have lost no time intaking measures to improve the utilisation of our staff capacities and tooptimise our cost structure. In Spain, we are working under full speed tofind a solution to the very difficult situation.'The full report for the first quarter 2009 of SHS VIVEON AG is nowavailable at www.shs-viveon.com under Investor Relations where it can beread and downloaded.SHS VIVEON AG is a pan-European business and IT consulting firm forcustomer management solutions, with a range of products specializing incustomer risk management. SHS VIVEON AG, based in Martinsried (by Munich),is listed in Frankfurt Stock Exchange's Prime Standard and has a presencein four European countries with four subsidiaries and eight locations: SHSVIVEON GmbH (D), SHS VIVEON Schweiz AG (CH), SHS Polar SistemasInformáticos S.L. (E) and SHS VIVEON Iberia S.L. (E). SHS VIVEON is one ofEurope's leading providers for customer management with around 400employees and in excess of 150 customers in 15 countries, of which 30% areincluded in Fortune 500 International. SHS VIVEON's customers includewell-known companies from the financial services, industrial and retail andtelecommunications segments, including BayWa, BMW Financial Services,Credit Suisse, Daimler, Deutsche Telekom, Ingram Micro, RaabKarcher,Telefonica o2, Orange and SüdLeasing. Further information on the companycan be found at:www.The-Customer-Management-Company.comSHS VIVEON AGWolfgang BrandTel.: +49 (0)89 - 747257-0Email: Investor.Relations@SHS-VIVEON.com 14.05.2009  Financial News transmitted by DGAP---------------------------------------------------------------------- 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-viveon.comInternet:     www.shs-viveon.comISIN:         DE000A0XFWK2WKN:          A0XFWKListed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr              in Berlin, Stuttgart, München End of News                                     DGAP News-Service ---------------------------------------------------------------------------