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DGAP-News: SHS VIVEON AG: Preliminary annual result for the Group’s fiscal year 2021 | 03/22/22

DGAP-News: SHS VIVEON AG / Keywords: preliminary results / annual results

SHS VIVEON AG: Preliminary annual results for the Group’s fiscal year 2021

03/22/2022 / 09:50
The issuer/publisher is responsible for the content of the notification.

MUNICH, March 22, 2022 – SHS Viveon AG – the recognized provider and expert of software-based solutions for risk management, compliance and credit – reports today on the Group’s preliminary 2021 unaudited annual results.

SHS Viveon can look back on a challenging year for the past fiscal year. According to unaudited figures, SHS Viveon Group closes the 2021 financial year with sales of 10,957 thousand euros, thus in line with the forecast of 7 percent compared to the previous year’s figure of 11,801 thousand euros. Forecasts from January 26, 2022 assumed a decrease in sales in the range between 6 percent and 7 percent. As previously reported, this is mainly due to delays in signing new client deals at the end of the year, which was against expectations.

However, the number of new customers has increased slightly compared to 2021.

The share of repeat sales is 46 percent compared to the previous year’s figure of 55 percent and, as already stated, mainly results from the loss of a major customer at the end of 2020.

Initial unaudited EBITDA margin was reduced to 6 percent margin from previous guidance in the 7 percent to 8 percent range due to lower revenue.

On the other hand, the initial net profit for the year of 331 thousand euros is higher than the previous forecasts of between 200 thousand euros and 300 thousand euros. As mentioned earlier, cash flow from normal business activities is negative in 2021 due to investment activities in product innovation and extraordinary expenses.

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For fiscal year 2022, we expect an increase in sales compared to the previous year. The successful implementation of the upcoming capital increase will mark an important milestone in SHS Viveon’s strategic growth path for 2022 and beyond.

The 2021 Annual Report will be available for download on the company’s website on May 10, 2022.

The Board of Directors of SHS Viveon AG invites interested investors, analysts and representatives of the press to a webcast explaining the audited annual financial statements for 2021 and forecasts for 2022, to the extent that they are available on this date. Date 11 May 2022. Registrations will be accepted from April via the Investor Relations section of the SHS VIVEON AG home page (www.shs-viveon.com) Requests.

03/22/2022 Corporate news/financial news release, posted by DGAP – a service of EQS Group AG.
The issuer/publisher is responsible for the content of the notification.

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