Corporate | 16 April 2008 10:11
PSI Aktiengesellschaft / Quarter Results
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PSI Increases EBIT and Liquid Funds in First Quarter
The PSI Group increased its EBIT to 1.3 million euros in the first quarter
of 2008 (1st quarter of 2007: 0.9 million euros). At 36 million euros, new
orders were at about the same level as for the same quarter of the previous
year and significantly better than in the 4th quarter of 2007 (1st quarter
of 2007: 38 million euros, 4th quarter of 2007: 29 million euros). New
orders for the 1st quarter of 2007 included about 2 million euros from the
government business which was sold in the middle of 2007. Liquid funds
increased by more than 7 million euros to 21 million euros (31 March 2007:
13.9 million euros) compared to the same quarter of the previous year.
PSI entered into the new quarter with a strong volume of new orders of over
10 million euros in April and therefore expects a strong development of
business for the second quarter and an expansion of the successful export
business with a focus on Russia. The group expects new major orders, in
particular in the business areas of heavy industry and energy, and is
considering the short-term expansion of its strong market position by means
of targeted acquisitions. In the electricity segment, PSI is establishing a
joint venture with a large Russian software importer.
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
16.04.2008 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
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