Corporate | 15 March 2011 09:00
PSI Aktiengesellschaft / Key word(s): Final Results
15.03.2011 / 09:00
PSI 2010 with Significant Growth in Exports
- Group sales increase by 8% to 158.7 million Euros
- Percentage of exports from sales increases from 34% to 40%
- With 177 million Euros, new orders 18% over previous year
- With 51%, exports more than half of the new orders
PSI Group had 8% higher sales of 158.7 million Euros in financial year 2010
(2009: 147 million Euros). The EBIT increased by 22% to 9.5 million Euros
(2009: 7.8 million Euros). The Group net result increased by only 6% to 7.0
million Euros (2009: 6.6 million Euros) as a result of higher taxes. The
volume of new orders improved by 18% to 177 million Euros, the order
backlog increased by 11% to 108 million Euros (2009 97 million Euros).
The Energy Management business increased its sales in 2010 by 10% to 65.5
million Euros (2009: 59.8 million Euros). The EBIT increased to 4.7 million
Euros (2009: 4.3 million Euros). While the contribution from the gas and
oil segment again developed above budget, the result from electrical energy
is still being burdened by pilot and export projects. The energy trading
systems segment continued to recover, despite the costs for the migration
to the group technology platform.
In Production Management sales grew by 8% to 67.3 million Euros (2009: 62.2
million Euros). The EBIT sank to 1.3 million Euros (2009: 2.1 million
Euros), affected by almost 1.8 million Euros in investments in the new
control system for raw materials extraction. Sales enquiries from China,
Australia and Russia look very promising. The business units metals and
optimisation continued to increase the results, although write-offs in the
metals business from purchase price allocations and merger costs burdened
the segment.
Infrastructure Management increased sales by 4% to 26 million Euros (2009:
25 million Euros). The inControl Tech Group in Southeast Asia, Public
Transportation, Telecommunications and PSI Poland made important
contributions to the excellent result of 4.4 million Euros (2009: 2.2
million Euros).
In 2010 PSI invested a total of 16.0 million Euros for research and
development (2009: 12.1 million Euros). The peek of the investments was
exceeded in the group-wide uniform technology base and near shoring, and
the rollout in the Group's vertical target markets was begun. A further
focus of the investments was additional export versions and the control
system for raw material extraction.
The cash-flow from operations increased significantly to 13.1 million
(2009: 4.4 million Euros), cash at the end of the year increased to 28.9
million Euros (31 Dec. 2009: 20.8 million Euros) despite the first-time
payment of a dividend. Management board will propose to the General Meeting
to pay a slightly higher dividend of 0.23 Euros. PSI investigates
acquisition targets and investment opportunities in the fields of smart
grid and energy efficiency in transportation.
For 2011 PSI is aiming for new orders of 185 million Euros, a growth of
sales to more than 170 million Euros und an increase of the EBIT to about
13 to 15 million Euros. With the assignment of major group licenses, this
goal may even be significantly exceeded.
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, mining, logistics) and infrastructure
management for transport and safety. PSI was founded in 1969 and employs
1,400 persons in the group. www.psi.de
Contact person:
PSI AG
Karsten Pierschke
Head of Investor Relations and
Corporate Communications
Dircksenstraße 42-44
10178 Berlin
Germany
Phone +49 30 2801-2727
Facsimile +49 30 2801-1000
E-Mail: KPierschke@psi.de
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Language: English
Company: 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, Düsseldorf, Hamburg, München,
Stuttgart
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