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

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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
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ots Originaltext: phion AG
Im Internet recherchierbar: http://www.presseportal.de

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