Ad-hoc | 12 March 2002 07:40

PSI AG english

PSI with Higher Sales and Improved Group Result Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– PSI with Higher Sales and Improved Group Result – Sales increase by 18.2 million Euros to 164.9 million Euro – Group net result improved by 9.7 million Euros to -5.1 million euros – EBIT improved by 11,2 million euros to -2,2 million euros – EBITA effected by poor economy and project postponements – Measures for increasing earnings have positive effect as of 1st quarter 2002 Berlin, 12 March 2001 – The PSI Group increased its sales in financial year 2001 by 12.4 % to 164.9 million euros (2000: 146.7 million euros) and thereby gained further market shares. The EBIT improved by 83.6 % to -2.2 million euros (2000: -13.4 million euros). The group result improved by 66 % to -5.1 million euros (2000: -14.8 million euros). The EBITA decreased by 2.9 million euros (72.5 %) to 1.1 million euros (2000: 4.0 million euros). The decrease resulted from the negative development of the eBusiness segment in the entire financial year 2001 and postponements of major contracts from the fourth quarter of 2001 to the first quarter of 2002 as a consequence of the economic collapse in the last months of the year. As a reaction to the market situation PSI introduced organizational and personnel measures in the fourth quarter which will have a positive effect on the result as of the first quarter of 2002. The orders backlog on 1 January 2001 was, with 130 million euros, 7 million euros (5.7 %) above the value for the previous year. end of ad-hoc-announcement (c)DGAP 12.03.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Despite the difficult economic situation, the Energy business field continued to develop positively. Here, the good position could be further expanded by numerous strategic control system orders. PSI succeeded in making a breakthrough in the future market for energy trading and sales systems. The Product Business with the ERP software PSIPENTA developed positively, as in the previous year, so that the losses here could be significantly reduced in the course of the year and a positive result will be achieved in 2002. As a reaction to the development of the Systems Business, PSI adjusted to the market development as of the fourth quarter with internal transfers and selective personnel cuts, pushed forward the organizational anchoring of the three segments Network, Production and Information Management and bundled development and sales there. These future-oriented measures have improved the substance of PSI in a sustainable manner so that the PSI Management Board predicts a sales development larger than the market growth and a significantly positive group result. The positive development will already be reflected in the figures for the first quarter. These expectations are supported by the very good orders backlog of 130 million euros and the strategic orders in the areas of public administration, telecommunications, energy and steel won since the beginning of 2002. PSI AG (Neuer Markt: PSA2, WKN 696 822) develops tailor-made solutions for the management of larger networks (electricity, gas, oil, telecommunication, transportation), cross-corporate production management and information management for authorities and service providers, based on their own software. PSI was founded in 1969 and currently employs 1,400 persons in the group. The company has been listed on the New Market of the Frankfurt Stock Exchange since 1998. http://www.psi.de Your contact partner: PSI AG Karsten Pierschke Manager Investor Relations Dircksenstraße 42-44 D-10178 Berlin Tel. +49 30 2801-2727 Fax +49 30 2801-1000 eMail: KPierschke@psi.de ——————————————————————————– WKN: 696822; ISIN: DE0006968225; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Bremen, Hannover, Stuttgart 120740 Mär 02