Corporate | 18 December 2008 12:25
PSI Aktiengesellschaft / Forecast
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PSI Increases New Orders Again in Fourth Quarter
New orders even in the Metals and Automotive businesses
PSI Group had already exceeded the previous prognosis for new orders for
the current year (more than 140 million Euros) on 30 November 2008. The
positive development in orders and enquiries has continued in December. PSI
is going to leave it at about 150 million Euros and concentrate on the good
sales pipeline for the New Year.
In the anti-cyclic energy industry, business continued to develop very
strongly in the fourth quarter. The new orders developed better than
expected in the cyclical businesses of metals (steel, aluminium, copper)
and automotive. Amongst others, PSI obtained important orders from the
steel industry from Germany, Brazil and India. In the non-cyclic businesses
of public transportation, security and telecommunications the number of
enquiries has increased and there are real possibilities that PSI will be
able to profit from the speeding up of infrastructure investments by the
federal government.
The targets set for 2008 have essentially been achieved (sales of 130
million Euros, EBIT of somewhat more than 6 million Euros). Cash in banks
will continue to grow and at the end of the year about 2/3 of the market
capitalization will have been attained. The indications for the beginning
of 2009 are that the development of new orders will continue. PSI therefore
reiterates its annual target for 2009 of about 140 million Euros in sales
and, for the time being an EBIT of 7.5 million Euros.
PSI AG develops and integrates individual solutions, on the basis of its
own software, for the management of energy networks (electricity, gas, oil,
heat, water), cross-company production management (metals, mechanical
engineering, automotive, logistics) and infrastructure management for
telecommunications, transport and safety. PSI was founded in 1969 and
employs 1,100 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
18.12.2008 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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