- Pressemitteilung BoxID 63340
SHS VIVEON AG continues to enjoy on-track growth in H1 2008
- Output in continued operations up 16% to EUR 12.7 million
- EBITDA at previous year's level of EUR 0.3 million
- Consolidated earnings significantly improved in continued operations
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.
SHS VIVEON AG
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
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