Corporate | 30 July 2007 09:33
PSI Aktiengesellschaft / Half Year Results
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PSI Sales Revenues rise to more than 60 million euros in the First Six
Months
Volume of orders grows to 85 million euros
The PSI Group had sales revenues of 60.5 million euros (first six months of
2006: 56.5 million euros) in the first six months of 2007. The EBIT
increased to 1.8 million euros (first six months of 2006: –0.4 million
euros), the Group profit to 0.7 million euros (first six months of 2006:
–1.0 million euros). There were 72 million euros (first six months of 2006:
72 million euros) in new orders in the first six months, once again above
revenues, so that the volume of orders on 30 June 2007 had continued to
increase to 85 million euros (30 June 2006: 83 million euros).
The Energy Management segment (Electricity, Gas, Oil, Heat, Water) had
sales revenues of 26.3 million euros (first six months of 2006: 25.9
million euros) in the first six months. The EBIT improved to 1.3 million
euros (first six months of 2006: 1.2 million euros). This contains expenses
for the new energy control system for high and supergrid voltage networks
and the integration of the product portfolio for gas and electricity
trading.
In the Production Management segment (Industry, Logistics), sales revenues
in the first six months increased to 25.1 million euros (first six months
of 2006: 22.9 million euros). The EBIT improved to 0.5 million euros (first
six months of 2006: –0.04 million euros) despite investments for the
expansion of the international business.
Infrastructure Management (Traffic, Security, Telecommunications) increased
sales revenues in the first six months by 19% to 9.2 million euros (first
six months of 2006: 7.7 million euros), the EBIT which had been clearly
negative in the previous year improved to € 0.1 million euros (first six
months of 2006: –1.3 million euros). In this segment an unusual percentage
of the sales revenues were attained in the first quarter, due to the fact
that the relevant hardware sales were contained here. In the second
quarter, important new contracts were won in the traffic segment,
establishing the conditions for further growth in that segment.
The number of employees increased slightly to 1,058 (30 June 2006: 1,049),
with the expansions primarily in the sites in China and Poland.
With the sales of the RISER business operations effective 30 June 2007 and
the subsidiary European IT Consultancy EITCO GmbH effective 1 July 2007,
PSI completed the concentration on software products for energy suppliers,
production and infrastructure operators.
For the second half of the year the management expects a continuation of
the positive trend and important export orders in the core fields of
business, Energy and Heavy Industry.
PSI AG develops and integrates complete solutions, on the basis of its own
software, for the management of energy networks (electricity, gas, oil,
water, heat), cross-company production management (steel, automotive,
mechanical engineering, logistics) and infrastructure management for
telecommunications, transport and safety. PSI was founded in 1969 and
currently employs more than 1,000 persons in the group.
www.psi.de
PSI AG
Karsten Pierschke
Communications and Investor Relation
Dircksenstrasse 42-44
10178 Berlin
Germany
Tel. +49 30 2801-2727
Fax +49 30 2801-1000
E-mail: KPierschke@psi.de
DGAP 30.07.2007
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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
Internet: www.psi.de
ISIN: DE0006968225
WKN: 696822
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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