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

Strong growth phase continues achieving 50% increase in sales.

ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.

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

end of announcement euro adhoc

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

Rückfragen & Kontakt:

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

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