Ad-hoc | 10 May 2003 12:08

SHS Informationssysteme english

SHS completes 1.quarter 2003 successfully: Output at EUR 8 Mill, EBITDA positive Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Munich, May 12th, 2003 – the IT service provider SHS Informationssysteme AG has gained a total output of 7.9 million Euro in the first quarter 2003 (Q1 2002: 8.0 million Euro). Hence the enterprise has stood its ground very successfully in a difficult market environment. The EBITDA (earnings before interest, tax and depreciation) is again positive amounting to 0.2 million Euro (Q1 2002: 0.3 million Euro). The restructuring of the SHS group which started in the middle of 2002 shows first positive effects on the result. The personnel adjustments will be further continued within the next months. With its core competence, the customer relation management (CRM), SHS AG has initiated some very promising projects in the first quarter 2003. The intelligent software solution GUARDEAN is an important constituent: It is used for the credit risk examination by enterprises and leads to a clear reduction of the risks of default. The other operational expenses of SHS group could be lowered from 1.6 million Euro in the first quarter of the previous year to 1.3 million Euro in the first quarter of the current year. The personnel costs with 6.2 million Euro for the report period are slightly above the comparison costs of 5.9 million Euro within the first three months in 2002 and will still further be reduced. The SHS group has improved its operative cash-flow considerably in the first quarter 2003: With minus 285,000 Euro it is pre-tax only slightly negative. In the first quarter 2003 with minus 1.3 million Euro, the result of the ordinary business activity (EBT) is because of increased but scheduled depreciations on goodwill under the reference value of the previous year which was minus 0.9 million Euro. By March 31st, 2003, SHS has cash and cash equivalents at its disposal at the amount of 667,000 Euro and another 2.3 million Euro in the form of unused credit and factoring lines. Further information: Christian Angerer Investor Relations Tel.: +49/89/74 72 57-18 Telefax: +49/89/74 72 57-10 E-mail: christian.angerer@shs.de end of ad-hoc-announcement (c)DGAP 10.05.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Within the next months the SHS group will concentrate on gaining access to new lines of business in Germany, Spain and France. Till now, primarily telecommunication providers use the customer relation management solutions of the enterprise. With the success product GUARDEAN SHS has now a ticket to the international finance sector, too. The group wants to strengthen its sales activities in all three countries considerably while all internal enterprise processes are furthermore subject to rigorous cost savings. ——————————————————————————– WKN: 507240; ISIN: DE0005072409; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 101208 Mai 03