phion AG

euro adhoc: phion AG
Financial Figures/Balance Sheet
phion AG announces results for the 3rd quarter 2008/09: 135.2 % growth and positive results for the quarter

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3-month report


@@start.t2@@-          3rd quarter EBITDA with 365,000 Euros for the first time in 4 quarters
clearly positive
-          Visonys integration, cost management and sales strategy show impact
-          Equity ratio of 62 % guarantees solid position even in difficult times
-          Despite recession, outlook of management remains optimistic@@end@@

Innsbruck, 1 February 2009 - Sales revenues of phion AG, one of the leading providers of solutions for protecting corporate communication, were increased by 3.517 million Euros to 9.04 million Euros in the first nine months of the financial year 2008/09 (+63.7 % compared to last year´s period) The third quarter even produced a growth rate of 135.2 % (4.05 million Euros, compared to 1.72 million Euros in the previous year). These results make phion´s third quarter 2008/09 the most successful quarter by far in the company´s history - despite the incipient recession and a sharply deteriorating business environment. Results of the third quarter 2008/09 also show a turnaround: EBITDA was 365,000 Euros, the operating results were positive as well: after depreciation of 311,000 Euros, profit amounts to 54,000 Euros. Profit before income tax (EBT) was 92,000 Euros. Moreover, the 3rd quarter results were driven by cost discipline, reflected clearly in a reduction of "Personnel expenses" and "Other expenses".

By virtue of the results of the previous quarters, EBITDA for the months 4-12/2008 amounts to -857, whereas EBIT was -1,795,000. Hence it shows that, due to the results of the third quarter, especially EBITDA could be improved considerably.

phion´s balance sheet total as at 31 December 2008 has increased by almost 10% compared to the half year, equating to 21.97 million Euros. The equity ratio of the company is 62%. We also managed to increase the deferred income - meaning guaranteed future earnings - again in the third quarter, which amounts to a considerable 3.88 million Euros as at 31 December 2008. The stable balance structure is supported by a very low level of short-term as well as long-term financial liabilities.

In its quarterly report, the management points out that the integration of Visonys into the phion group - now fully completed  - has already proved to be an especially valuable asset.

Despite the extremely difficult current market environment, overall insecurity and whether planned investments for new or updated security solutions in the data and network area will be realised, the management still expects phion´s second half year to be clearly stronger than the first half of the financial year 2008/09.

Development phion AG 4-12/2008, compared to 4-12/2007

                         4-12/2008      4-12/2007      9-12/2008        9-12/2007
Sales (in TEUR)        9,040            5,523            4,053              1,723
EBITDA (in TEUR)        -857              -114              -365                -435
EBIT                        -1,795                -71                +54                -645
EBT                         -1,611              -463                +92                -534

The financial year of phion AG comprises the period from 1 April to 31 March. On, you will find the half year report 2008/09 for download in German and in English.

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ots Originaltext: phion AG
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Further inquiry note:
Wieland ALGE, CE0 phion AG,
Eduard-Bodem-Gasse 1, 6020 Innsbruck
Tel. +43 (0)508 100 / E-Mail:

Branche: Computing & Information Technology
ISIN:      AT0000PHION3
Index:    mid market
Börsen:  Wiener Börse AG / Regulated free trade

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