EANS-Adhoc: phion AG published results for financial year 2008/09:

Strong growth phase continues achieving 50% increase in sales.

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24.06.2009

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Ad hoc release - 24 June 2009

phion AG published results for financial year 2008/09:

Strong growth phase continues achieving 50% increase in sales.
Future investments affect revenue.

- Sales (net income) in financial year 2008/09: EUR 11.8 m (+50.2%)
- EBITDA: EUR -1.16 m; EBIT: EUR -2.62 m; profit before income tax: EUR
-2.43 m
- Operative cash flow: EUR +1.5 m
- An equity ratio of 61% provides strength for difficult times

Innsbruck, 24 June 2009 - Net sales of phion AG, one of Europe's leading IT
security solutions for corporate communications, are at some EUR 11.8 m,
reaching a historic all-time high in financial year 2008/09. Key earnings
figures, however, were strongly impacted by the - planned - high costs for
the development of new markets in Europe and the Middle East region and the
expenses for the acquisition and integration of Visonys, the Swiss Web
application security company.
Both EBITDA, at EUR -1.16 m (previous year: -0.80 m.), and EBIT, at EUR -2.62
m (previous year: -1,64 Mio.), were clearly below last year's figures. The
formidable difference between EBITDA and EBIT is due to high write-downs
amounting to EUR 1.45 m. Profit before income tax was at EUR -2.43 m.
The company's operative cash flow markedly increased in financial year
2008/09 to EUR 1.5 m.
The balance sheet total of phion AG was at EUR 21.04 m as of 31 March 2009,
rising only slight on last year's figure (20.66 m). After acquisition of
Visonys, cash and cash equivalents amounted to EUR 5.72 m. This gives the
company a solid cash base. The equity ratio of 61% is also very reassuring.
Deferred income - i.e. future sales already confirmed - was up once again in
2008/09, reaching EUR 4.2 m as of 31 December 2008. The stable balance sheet
structure is underpinned by the very low level of financial liabilities (long-
term liabilities now only amount to some EUR 343,000).
Today, more than 1,000 organisations/companies use phion products. phion
launched a strong expansion in customer markets in 2008/09. Direct on-site
operations or qualified sales partners have begun processing the United
Kingdom, Benelux, Italy and Eastern European Countries as well as the Middle
East region directly. In 2008/09, approx. 8% of sales were generated outside
the core markets. phion sees strong growth potential in these markets. Still,
90% of sales continue to be generated in the core markets of Germany, Austria
and Switzerland.

phion AG in financial year 2008/09 (comparison with previous year)

2008/09 2007/08

Sales (in EUR '000) 11,783 7,842

EBITDA (in EUR '000) -1,160 -803

EBIT -2,615 -1,638

Profit before income tax -2,433 -1,284

The financial year of AG begins on April 1st and ends on March 31st.
You will find the Annual Report 2008/09 available for download in German and
English at www.phion.com - should you have any inquiries, please contact:

Wieland ALGE, CE0 phion AG,
Eduard-Bodem-Gasse 1, 6020 Innsbruck
Tel. +43 (0)508 100 / e-mail: w.alge@phion.com

Further inquiry note:
Wieland ALGE, CE0 phion AG,
Eduard-Bodem-Gasse 1, 6020 Innsbruck
Tel. +43 (0)508 100 / 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: Wien
language: English

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