EANS-Adhoc: phion AG announces results for first half year 2009/10: Markets have stabilized in the second quarter, demand in the DACH region is regaining strength.

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6-month report

24.11.2009

- Strong decline as a consequence of the economic crisis could be stopped:
sales revenues decreased by 9.5 % in the first half year, compared to last
year´s reference period.
- Earnings, however, are severely affected by lower sales volume
- Management shows optimism in its outlook for the second half year

Innsbruck, 24 November 2009 - Sales revenues of phion AG, one of the
leading European suppliers of solutions to protect corporate
communication, have stabilized during the second quarter of the
current financial year 2009/10 after the market-related strong
decline in the first quarter (-20%). In total, sales volume decreased
by 9.5%, compared to the first half year 2008/09. The lower level of
sales in the financial year 2009/10 so far are also reflected by the
first half year earnings: EBITDA was -1.4 million Euros, EBIT -2.2
million Euros (depreciation and amortization amounted to some 0.8
million Euros), whereas total comprehensive income (TCI) showed a
minus of 1.9 million Euros. The balance sheet total of phion AG as at
end of September 2009 was reduced to 18.7 million Euros (31 March
2009: 21 million Euros). In line with the development of the results,
liquid assets have decreased to 3.6 million Euros. Deferred income
(i.e., secured invoiced revenues realized later on) has continued its
positive development, amounting to a total of almost 4.2 million
Euros as at 30 September 2009. Financial liabilities were further
reduced to the very low level of some 1.1 million Euros. Consolidated
equity amounts to 10.9 million Euros, corresponding to a still
considerable equity ratio of more than 58%. Regarding the overall
outlook, the management clearly shows more optimism than for the
first half year: From the current point of view, the economy is
already recovering, especially concerning the key account industries
of phion, and managers no longer suspend purchase decisions. For the
second half year, at this point a significantly better and more
stable environment is therefore expected. phion´s new orders for the
coming months also seem to prove the positive tendency.

Development phion AG in 4-9/2009, compared to previous year

In TEUR 4-9 FY 2009/10 4-9 FY 2008/09

Sales 4,512 4,987
EBITDA -1,438 -1,222

EBIT -2,201 -1,849
Total comprehensive income -1,943 -1,728

You will find the Half Year Report 2009/10 available for download in German and
English at www.phion.com

end of announcement euro adhoc
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ots Originaltext: phion AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Günter Klausner, CFO phion AG

Eduard-Bodem-Gasse 1, 6020 Innsbruck

Tel. +43 (0)508 100 / E-Mail:g.klausner@phion.com

Branche: Computing & Information Technology
ISIN: AT0000PHION3
WKN:
Index: mid market
Börsen: Wien / Regulated free trade