- consulting and software solutions for customer value and customer risk management - increased by a total of 9% to EUR 40.3 million (previous year: EUR 36.8 million). Total output in the German-speaking region was up pleasing 16% from EUR 19.1 million to EUR 22.1 million. The Spanish subsidiary SHS Polar increased its total output by around 46% to EUR 34.3 million. Whereas core business remained stable in Spain, in particular the nonstrategic hardware business totaling EUR 16.2 million made an above average contribution to this growth.
The group's profitability enjoyed highly pleasing growth. EBITDA from ongoing operations more than doubled, increasing from EUR 0.8 million to EUR 2.0 million. Taking the other operating income of EUR 1.1 million from the sale of the Interactive division into account, EBITDA totaled EUR 3.1 million; almost triple the previous year's result.
After a pre-tax loss last fiscal year in the amount of EUR 3.1 million, SHS VIVEON Group recorded pre-tax profits of around EUR 0.1 million in fiscal year 2007. These results include depreciations, in particular for goodwill and intangible assets, totaling EUR 3.9 million. The successful redemption of the IKB loan led to a positive extraordinary effect of EUR 3.0 million. Taking the results from discontinued operations into account, the consulting and software company recorded consolidated net income of EUR 0.9 million for the first time since fiscal year 2000. Last year the net loss totaled EUR -2.2 million. This results in positive earnings per share of EUR 0.06 (previous year: EUR -0.17).
On the balance sheet date, SHS VIVEON Group had very solid capitalization; its equity ratio lifted from 47% in the previous year to 56%. The group's net debt also fell from EUR 4.5 million to EUR 2.7 million.
SHS VIVEON AG's CEO, Dirk Roesing, is very pleased with the group's 2007 results: "Our successfully concluded restructuring program has significantly increased our earnings strength in our core business. Our high-performance product range and our reinforced sales activities mean that we are very confident that we will be able to further increase revenues and earnings still further in 2008."
The full annual report 2007 of SHS VIVEON AG is available for download on the Investor Relations section on the company s Website www.shs-viveon.com.