Corporate | 30 October 2007 09:35
PSI Aktiengesellschaft / Quarter Results
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PSI Confirms Positive Trend in Third Quarter
- Nine month sales climb to 87.7 million euros
- Operating result climbs to 2.6 million euros after three quarters
- Liquidity climbs to 18.3 million euros as a result of positive cash flow
The PSI Group has achieved an operating result of 2.6 million euros in the
first three-quarters of the current year (30 September 2006: 15 kEUR). The
Group result, which in the previous year had been clearly negative, climbed
to 0.8 million euros (30 September 2006: –0.9 million euros). Sales climbed
slightly in the first nine months to 87.7 million euros (30 September 2006:
86.1 million euros). The third-quarter figures are the first which do not
include government activities which were sold in the middle of the year.
New orders for the first nine months of 103 million euros (30 September
2006: 100 million euros) were also higher than the value for the previous
year, as was the order book volume, which, after adjustment for the
activities sold was 85 million euros (30 September 2006: 81 million euros).
The operating cash flow, which had been negative at the middle of the year,
improved to 2.4 million euros (30 September 2006: –9.3 million euros),
liquid funds increased 18.3 million euros (30 September 2006: 9.3 million
euros).
The Energy Management segment (electricity, gas, oil, heat, water) had
sales of 38.2 million euros (30 September 2006: 38.3 million euros). At 1.6
million euros, the operating result was at about the same level as the
previous year (30 September 2006: 1.6 million euros). This includes
investments in a control system version for the Russian market and in new
functions for the management of high voltage networks.
The Production Management segment (industry, logistics) increased sales to
37.5 million euros in the first nine months compared to the previous year
(30 September 2006: 34.4 million euros). The operating result improved over
the previous year to 0.8 million euros (30 September 2006: 0.3 million
euros). In the third quarter new export orders were attained from Russia
and other export markets primarily in the fields of steel and logistics.
In Infrastructure Management (traffic, security, telecommunications) sales
decreased to 12.0 million euros in the first nine months as a result of one
million less in hardware and the sale of the government activities EITCO
and RISER (30 September 2006: 13.3 million euros). The operating result
improved to 0.5 million euros, after having been clearly negative in the
previous year (30 September 2006: –1.6 million euros). Important contracts
were also obtained in the third quarter, particularly in the traffic
sector. This then established the prerequisites for renewed growth and
continued increases in profits in the segment.
The number of employees decreased as a result of the sale of the government
business with 70 employees and about 40 new hires to 1,014 (30 September
2006: 1,046).
As in previous years, the management expects strong business in the 4th
quarter. The annual forecasts to date for the EBIT of 3 million euros are
therefore being increased to 3.5 million euros and for new orders from 125
to 130 million euros.
PSI AG develops and integrates complete solutions, on the basis of its own
software, for the management of energy networks (electricity, gas, heat,
oil, water), cross-company production management (steel, mechanical
engineering, automotive, 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
30.10.2007 Financial News transmitted by DGAP
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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
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
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