Corporate | 26 July 2006 10:33

PSI: Share of exports in new orders rises to more than 30% in 1st half of year

Corporate news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— PSI: Share of exports in new orders rises to more than 30% in 1st half of year Investments in international distribution create conditions for growth The PSI Group realized turnover of 56.5 million euros in the first half of 2006 (2005: 57.2 million euros). The operative result at –0.4 million euros was slightly below the result of the previous year (2005: 80k euros). Consequent to the increased expenditures for the establishment of international sales, the share of exports in new orders doubled from 15% in 2005 to over 30%. In the middle term, PSI wants to increase the export share to 50% and become less vulnerable to the fluctuations of the German market. New orders received in the first half of the year rose in total by 26% to 72 million euros. In the segment network management (Energy, Telecommunications, Transport), turnover in the first half of the year rose by 2% to 32.7 million euros (2005: 32.0 million euros). The operative result improved to 0.8 million euros (2005: 0.4 million euros). Expenditures for the international sales in Eastern Europe and Asia are contained in the results for the division Energy in particular. The segment production management (Industry, Logistics) realized turnover of 21.8 million euros (2005: 21.7 million euros) in the first six months. The operative result declined in comparison with the same period last year owing to groundwork in international projects to –36k euros (2005: 0.7 million euros). The establishment of steel business in China was continued during the first half of the year, and it was possible to gain an additional partner in Eastern Europe for the Logistics division. The turnover in information management (Government, Service Providers) fell to 2.0 million euros (2005: 3.5 million euros) in the first six months, and the operative result was once again at –1.0 million euros (2005: –1.0 million euros). The PSI Management Board has decided to create an independent technology centre for service-oriented architectures (SOA) in this segment which will make its capacities available to the entire PSI Group. By making this decision, the Management Board keeps all of its options open for the further reorganization of the segment. The expansion of the working capital caused liquidity as per 30 June 2006 to decline to 13.8 million euros (30 June 2005: 17.1 million euros). The number of employees fell slightly due to the reduction in information management to 1,037 (30 June 2006: 1,054), whereby there were structural shifts favouring the successful business units Energy and Steel as well as the export business. Following the increased investments in international sales in the first half, the positive trend in new orders continued at the beginning of the third quarter. In the second half of the year, the priority for PSI will be on increasing turnover and the operative results, and the order backlog, which has risen to 83 million euros (30 June 2005: 72 million euros), represents an excellent basis for achieving this goal. The cost structure of the group will improve as of 2007 due to the increasing shift of integration tasks to local personnel and partners in the target regions. PSI AG develops and integrates individual solutions, on the basis of its own software, for the management of large networks (electricity, gas, oil, telecommunications, transport), cross-company production management (steel, machinery/plant construction, automotive, logistics) and information management for government and service providers. PSI was founded in 1969 and employs more than 1,000 persons in the group. www.psi.de PSI AG Karsten Pierschke Communications and Investor Relations Dircksenstrasse 42-44 10178 Berlin, Germany Tel. +49 30 2801-2727 Fax +49 30 2801-1000 E-Mail: KPierschke@psi.de (c)DGAP 26.07.2006 ————————————————————————— Language: English Issuer: PSI Aktiengesellschaft Dircksenstraße 42-44 10178 Berlin Deutschland Phone: +49 (0)30 2801-0 Fax: +49 (0)30 2801-1000 E-mail: ir@psi.de WWW: www.psi.de ISIN: DE0006968225 WKN: 696822 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service —————————————————————————