Ad-hoc | 19 August 2002 08:00

PSI AG english

PSI Denies Economic Slump with Increased Sales in Second Quarter Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– PSI Denies Economic Slump with Increased Sales in Second Quarter – Sales in second quarter of 41.31 million euros (2001: 40.10 million euros) – EBIT in second quarter of -1.15 million euros (2001: 0.92 million euros) – Cash at 17.97 million euros (2001: 15.91 million euros) Berlin, 19 August 2002 – The PSI Group increased its sales in the second quarter by 3 % to 41.31 million euros (2001: 40.10 million euros). For the first half year sales decreased by 2.9% to 77.25 million euros (2001: 79.57 million euros). The EBIT decreased in the second quarter to -1.15 million euros (2001: 0.92 million euros) and in the first six months to -0.64 million euros (2001: 1.49 million euros). The group result in the second quarter was -1.12 million euros (2001: 0.33 million euros) and in the first six months -1.81 million euros (2001: -0.28 million euros). The second quarter of 2002 was marked by long decision-making processes for IT investments and uncertainty about the economic development. This especially had a negative impact on the business in the target market mechanical and plant engineering. Cash increased compared to the same quarter of the previous year by 2.06 million euros and compared to 31 December 2001 by 5.1 million euros to 17.97 million euros. In the Network Management Segment (energy, telecommunication, traffic) sales increased in the first six months by 11.1% to 37.76 million euros (2001: 34.0 million euros) and the EBIT by 88% to 3.01 million euros (2001: 1.60 million euros). In the Production Management Segment (industry, logistics) sales decreased by 17.2% to 26.11 million euros (2001: 31.55 million euros) and the EBIT by 3.98 million euros to -3.74 million euros (2001: 0.38 million euros). In Information Management (authorities, service providers) sales decreased slightly by 4.6% to 13.37 million euros (2001: 14.02 million euros), whereby the EBIT could be increased by 0.44 million euros to 0.09 million euros (2001: – 0.35 million euros). The number of employees decreased compared to the second quarter of 2001 by 25 and compared to the end of the year by 49 to 1,356. The volume of new orders in the first six months was 68 million euros, the volume of orders was 110 million euros. end of ad-hoc-announcement (c)DGAP 19.08.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: As a result of the continuing weak market situation in the beginning of the third quarter PSI will accelerate the implementation of the measures introduced at the end of 2001. These consist of continued targeted personnel adjustments, the accelerated consolidation of branches and the continued focusing on the core business. At the same time, Production Management is to be strengthened by expanding the partner business and additional strategic alliances. In Network Management the strategy of internationalization that has been implemented will be continued. Here the acquisition of Büsing & Buchwald GmbH in the second quarter, the strategic alliance with VA TECH Group begun in early May and major international contracts won at the beginning of the third quarter will have a positive effect. PSI AG (Neuer Markt: PSA2, WKN 696 822) develops individual solutions for the management of large networks (electricity, gas, oil, telecommunications, transport), corporate-wide production management as well as information management for public authorities and service providers on the basis of their own software. The company was founded in 1969 and currently employs 1,350 employees. PSI has been listed on the New Market of the Frankfurt Stock Market 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 190800 Aug 02