Corporate | 13 March 2008 09:30
PSI Aktiengesellschaft / Final Results
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PSI Achieves Best Result in the History of the Company in 2007
- EBIT increases by 280 percent to 3.8 million euros
- Group sales of 123.2 million euros 5 percent above value for previous
year
- New orders increase by 6 percent to 132 million euros
Berlin, The PSI Group increased its EBIT to 3.8 million euros (2006: 1.0
million euros) in financial year 2007. The Earnings Before Tax increased to
2.7 million euros (2006: –0.3 million euros), the Group Result to 1.7
million euros (2006: 0.4 million euros) as a result of deferred taxes of
0.9 million euros. Sales increased to 123.2 million euros (2006: 117.0
million euros) despite the sale of the government business. New orders
were, at 132 million euros, above the previous year (2006: 125 million
euros) as was the order book volume at the end of the year, which increased
to 78 million euros (31 December 2006: 74 million euros). As a result of
the positive operating cash flow, liquidity has increased to 18.9 million
euros (31 December 2006: 15.3 million euros). The strong market positions
in heavy industry and energy are to be expanded with targeted acquisitions.
The Energy Management segment (electricity, gas, oil, heat, water) was
encumbered by investments in 2007. As a result of that and the lower
portion of external work, sales decreased to 51.7 million euros (2006: 54.1
million euros). The operating result was, at 2.6 million euros, slightly
below that of the previous year (2006: 2.7 million euros). The electrical
energy sector invested in a Russian control system version and new
functions for the management of high-voltage grids.
Sales in the Production Management segment (industry, logistics) increased
by 12 percent in 2007 to 51.6 million euros (2006: 46.2 million euros).
Here, the operating result could be increased to 1.7 million euros (2006:
0.4 million euros). Business development was again good, with PSI BT, which
focuses on the steel industry, continuing to expand its market position,
especially internationally. The ERP software producer PSIPENTA was also
able to increase its result in the field of logistics. The new PSI
Production unit launched a new control system for raw materials extraction.
In 2007 Infrastructure Management (transportation, security,
telecommunications) attained an increase in sales of 19 percent to 19.8
million euros (2006: 16.7 million euros) despite the sale of government
activities. The transportation systems in particular contributed to this
development with very good new orders, but telecommunication solutions also
displayed a positive trend toward the end of the year. Overall, the segment
attained a positive operating result of 0.5 million euros (2006: –0.5
million euros).
The number of employees decreased slightly to 1,016 (30 September 2006:
1,049) as a result of the sale of government activities with its 70
employees and the addition of 40 new hires. In 2008 PSI will hire 50 new
employees.
For 2008 PSI predicts a good investment climate for rationalisations in
Germany and a continuing dynamic development of the strong-growth markets
in Eastern Europe and Asia. On the basis of this, management expects
continued growth and an increase in the EBIT to over 5 million euros for
the current year.
PSI AG develops and integrates individual solutions, on the basis of its
own software, for the management of energy networks (electricity, gas, oil,
water, heat), 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 Relations
Dircksenstrasse 42-44
10178 Berlin
Germany
Tel. +49 30 2801-2727
Fax +49 30 2801-1000
E-mail: KPierschke@psi.de
13.03.2008 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: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
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