euro adhoc: phion AG / quarterly or semiannual financial statement / phion AG continues policy of massive growth

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3-month report

12.08.2008

phion AG continues policy of massive growth:

- Increase in sales in first quarter: +55 %
- Results affected by costs for internationalisation of the company
- Another subsidiary company founded in the Middle East

Innsbruck, 12 August 2008 - Sales of phion AG, listed on the Vienna
Stock Exchange (mid market, ISIN AT0000PHION3), during the first
quarter of the current financial year 2008/09 could be increased by
more than 55 % compared with last year´s respective period. Organic
growth and the consolidation of Swiss Visonys AG, acquired in June
2008, have contributed to this increase.

The company developed according to plan in the first quarter 2008/09:
A big part of operative expenses concern the (planned) costs for
entering new markets which still affect the earnings situation.
EBITDA in the first quarter was -171,000 Euros, operating income
(EBIT) due to planned depreciation -476,000 Euros. Income before Tax
(EBT) as a result of the high interest income could be improved to
-295,000 Euros.

Total assets have increased slightly by 1.1 million Euros compared
with 31 March 2008. Financial liabilities remained on the same level
as the previous quarter and thus very low. Fortunately, deferred
income could be increased by 770,000 Euros. Liquid assets are still
more than 6.6 million Euros, even after the acquisition of Visonys.
Equity ratio is at around 65%.

After the acquisition of Visonys, the policy of organic growth will
be pursued also in the future. Only recently, a subsidiary company
was founded in the United Arab Emirates (UAE) to address new
prospective customers in the Middle East. In Europe, together with
the gradual intensification of the activities on the new markets
Italy, United Kingdom, the Benelux countries as well as selected
Eastern European countries, it is the ambition to further improve the
market position in Germany and Switzerland.

The start-up costs occasioned by the activities started on the new
markets in 2007/08 will, as expected, have an impact on the earnings
situation also in the next quarters.

Development phion AG first quarter 2008/09

Key figures 4-6/2008 4-6/2007
Sales(in TEUR) 2,745 1,769
EBITDA(in TEUR) -171 213
EBIT(in TEUR) -476 33
EBT(in TEUR) -295 33 (before one-time costs of IPO)

On www.phion.com you will find the complete first quarter report
2008/09 for download in German and in English.

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

Austria

Tel. +43 (0)508 100 - 410

E-Mail: w.alge@phion.com

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