euro adhoc: phion AG
Annual Reports
phion AG presents results of financial
year 2007/08
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
annual report
18.06.2008
The financial year 2007/08 of phion was marked by a dynamic expansion policy. Net sales were increased by some 38% to more than 7.8 million Euros. In addition to significantly higher costs of goods and services purchased, compared to last year, especially costs (according to plan) for extended marketing activities in the new countries as well as for the recruitment of new staff had their effects upon the overall expenses. phion´s EBITDA (income before depreciation and amortization) in the financial year 2007/08 amounts to -803,129 Euros (previous year: 651,000 Euros); operating income (EBIT) as a consequence of regular depreciation was -1.64 million Euros (previous year: 69,600 Euros), EBT (due to the favourable interest income) was -1.28 million Euros (previous year: 25,000 Euros). Total assets of phion increased from 6 million Euros to 20.7 million Euros as per 31st March 2008. The equity ratio of the company as per end of the financial year was just below 70%.
Wieland Alge, CEO of phion: "The objective of the IPO was a strong capital basis by means of which we can expand our market position significantly through a strong organic growth and through acquisitions. By acquiring Visonys on 16th June and with the activities set after the IPO aimed at entering new, big markets, we are proceeding even faster than planned. We expect our initiatives in these new markets - which naturally implicated the corresponding costs - to have their first positive impacts on the earnings side after 12 to 15 months."
Outlook / Strategic targets for 2008/09
- A further enlargement of the market position in Germany and Switzerland - Maintaining the (high) market share in Austria - Intensifying the activities on the new markets Italy, United Kingdom, Benelux and Eastern Europe started during the last financial year - Strategic entering of vertical markets (global government and military markets) - Establishment of a subsidiary company in the UAE.
With a view to its market position and its financial strength, phion sees itself as an active player in a consolidating market also in the future.
phion in figures (in 1,000 Euros) 2007/08 2006/07 2005/06 Net Sales 7,842 5,673 3,706 EBITDA -803 651 210 Depreciation and Amortization 835 581 426 Operating Income (EBIT) -1,638 70 -216 Profit before income tax (EBT) -1,284 25 -267 Equity ratio in % 69.4 9.1 11.0 Diluted income per share -1.97 -- -- Undiluted income per share -2.04 -- -- Consolidated equity 14,340 522 499 Total assets 20,665 6,039 4,552 Financial liabilities 2,225 3,131 2,059 Deferred income 2,553 1,401 742 Cash and cash equivalents 14,033 2,125 1,374
end of announcement euro adhoc
Further inquiry note:
Wieland ALGE
CE0 phion AG
Eduard-Bodem-Gasse 1
6020 Innsbruck
Tel. +43 (0)512 39 45 45 - 410
E-Mail: w.alge@phion.com
Branche: Computing & Information Technology
ISIN: AT0000PHION3
WKN:
Index: mid market
Börsen: Wiener Börse AG / Regulated free trade