euro adhoc: phion AG / Annual Reports / phion AG presents results of financial year 2007/08 (E)

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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

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

end of announcement euro adhoc
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emitter: phion AG
Eduard-Bodem-Gasse 1
A-6020 Innsbruck
phone: +43 (0)508 100
FAX: +43 (0)508 100 20
mail: office@phion.com
WWW: www.phion.com
sector: Computing & Information Technology
ISIN: AT0000PHION3
indexes: mid market
stockmarkets: Regulated free trade: Wiener Börse AG
language: English

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