Corporate | 19 January 2017 10:28

PSI Incontrol With Significant Hike in Orders in December

DGAP-News: PSI Aktiengesellschaft für Produkte und Systeme der Informationstechnologie / Key word(s): Incoming Orders

19.01.2017 / 10:28
The issuer is solely responsible for the content of this announcement.

PSI Incontrol With Significant Hike in Orders in December
Highest number of new orders for a single month in more than five years

The Malaysian PSI subsidiary PSI Incontrol Sdn Bhd obtained a very strong increase in orders of almost 7.5 million euros in December and therefore achieved all but 13% of the original annual planning. That is the highest volume of new orders for PSI Incontrol in a month since April 2011. Following the unscheduled structural adjustment from 240 to 210 employees last summer and a significantly stronger focus on the core business, the foundation for an improved 2017 has been established. The orders include several large orders from existing regional customers in the energy segment.

The high level of new orders obtained in the economically challenging market environment represents a positive signal for the continued development of the PSI business in Southeast Asia in 2017. Amongst others, PSI Incontrol’s customers include the national energy supply companies in Malaysia, Thailand and Brunei. In general, the PSI Group is noticing increased demand as a result of the rising raw material prices and advantageous exchange rates.

On the basis of its own software products, PSI AG develops and integrates complete solutions for energy management (energy networks, energy trading), production management (mining, metals, automotive, mechanical engineering, logistics) and infrastructure management for transport and safety. PSI was founded in 1969 and employs 1,650 persons worldwide. www.psi.de

PSI AG
Karsten Pierschke
Head of Investor Relations and
Corporate Communication
Dircksenstraße 42-44
10178 Berlin

Phone +49 30 2801-2727
Fax +49 30 2801-1000

19.01.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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Language:	English
Company:	PSI Aktiengesellschaft für Produkte und Systeme der Informationstechnologie
	Dircksenstraße 42-44
	10178 Berlin
	Germany
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:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

End of News DGAP News Service