Corporate | 28 July 2009 09:34
PSI Aktiengesellschaft / Interim Report/Half Year Results
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PSI with continued growth in 1st half of 2009
- Group result increased by 36 percent to 2.6 million Euros
- Sales increased by 13 percent to 65.3 million Euros
- Increase in new orders of 9 percent, order backlog increased by 21
percent
PSI Group increased its EBIT in the first six months of 2009 by 30 percent
to 3.5 million Euros (first six months of 2008: 2.7 million Euros) compared
with the same period of the previous year. The group result improved to 2.6
million Euros (first six months of 2008: 1.9 million Euros), group sales
increased by 13 percent to 65.3 million Euros (first six months of 2008:
57.7 million Euros). The volume of new orders increased by 9 percent to 85
million Euros (first six months of 2008: 78 million Euros), the volume
order backlog increased by 21 percent to 119 million Euros (30 June 2008:
98 million Euros).
The Energy Management segment (electricity, gas, oil, water, heat) achieved
12 percent higher sales of 28.8 million Euros (first six months of 2008:
25.4 million Euros). With an EBIT of 1.9 million Euros the segment once
again had the largest operating contribution margin (first six months of
2008: 1.6 million Euros). In the second half of the year PSI expects the
Energy Management segment to obtain major contracts, especially in export.
Sales in the Production Management segment (industry, logistics) were, at
30.1 million Euros, 22 percent above the value for the previous year (first
six months of 2008: 24.7 million Euros). The EBIT increased compared to the
previous year by 40 percent to 1.4 million Euros (first six months of 2008:
1.0 million Euros). Above all the sectors of metal production, raw
materials extraction and manufacturing developed very positively. The focus
here has primarily been on customer investments in efficiency of the
industrial added-value processes, inventory optimisation and the shortening
of throughput times.
In Infrastructure Management (transport, safety, telecommunications) sales
decreased as a result of the smaller portion of hardware to 6.4 million
Euros (first six months of 2008: 7.6 million Euros). The operating result
increased to 0.3 million Euros (first six months of 2008: 0.2 million
Euros).
The number of employees increased at 30 June 2009 with the acquisitions and
targeted new hires to 1,256 (30 June 2008: 1,053).
The repeated increase of new orders was primarily in the segments
Production Management and Infrastructure Management. PSI witnessed strong
demand in Germany for solutions for rationalisation and improvement of the
energy efficiency. Major orders in the Energy Management segment and a
continued high demand for solutions for Production and Infrastructure
Management are expected in exports in the second half of the year.
The current forecast for the EBIT has therefore been increased by 15
percent from 7.5 to more than 8.5 million Euros. The management will decide
about a further increase of the EBIT forecast in the third quarter or upon
the conclusion of strategically important major contracts.
PSI AG develops and integrates complete solutions, on the basis of its own
software products, for the management of energy networks (electricity, gas,
oil, heat, water), cross-company production management (metals, automotive,
mechanical and plant engineering, logistics) and infrastructure management
for telecommunications, transport and safety. PSI was founded in 1969 and
employs 1,250 persons in the group. www.psi.de
PSI AG
Karsten Pierschke
Communications and Investor Relations
Dircksenstraße 42-44
10178 Berlin
Germany
Phone +49 30 2801-2727
Fax +49 30 2801-1000
E-Mail: KPierschke@psi.de
28.07.2009 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: DE000A0Z1JH9
WKN: A0Z1JH
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
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