PSI Software SE

Earnings Release • Mar 15, 2010

News Details

Corporate | 15 March 2010 09:01

PSI Increases 2009 EBIT by 26% to 7.8 million Euros

PSI Aktiengesellschaft / Final Results

15.03.2010 09:01

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PSI Increases 2009 EBIT by 26% to 7.8 million Euros
Sales increase by 14% to 147 million Euros

In financial year 2009, PSI Group increased its EBITDA by 29% to 11.4
million Euros (2008: 8.9 million Euros), its EBIT by 26% to 7.8 million
Euros (2008: 6.2 million Euros) and the group result after interest and
taxes by 61% to 6.6 million Euros (2008: 4.1 million Euros). The result per
share increased by 35% to 0.46 Euros (2008: 0.34 Euros) - that is 0.42
Euros based on the number of shares at the end of the year. Group sales
grew by 14% to 147.0 million Euros (2008: 128.9 million Euros), whereby the
share of exports increased from 28% to 34%. At 150 million Euros, the
volume of incoming orders and, at 97 million Euros, the order backlog were
approximately at the levels of the previous year.

The cash-flow from operations, which was increased to 9.9 million Euros in
2008, decreased to 4.4 million Euros as a result of the acceptances made
somewhat late in the year. The cash-flow from financing activities, marked
by the cash capital increase signed by RWE, was 8.6 million Euros (2008:
-0.7 million Euros); from investment activities at -15.9 million Euros
(2008: -4.5 million Euros). For that reason, liquidity decreased from 23.7
to 20.8 million Euros. The PSI Supervisory Board and the PSI Management
Board have decided, as previously announced, to propose the payment of a
dividend of 0.21 Euros per share to the 2010 Annual General Meeting, the
first time a dividend has been paid since the IPO.

PSI started 2010 with slightly weaker volume of new orders than in January
2009. For 2010, PSI expects an increase in the volume of new orders in the
areas of energy networks and the steel industry. In exports the
opportunities are shifting more to central Europe, China, the Middle East
and Southeast Asia.

For the year 2010, the management has set the goal of increasing sales to
160 million Euros and the EBIT to more than 10 million Euros, despite the
market's continuing hesitant investment behaviour. China's need for raw
materials and other growth regions will significantly raise the investments
in energy, emissions and efficient controls of the extraction, processing
and transport of raw materials in the mid-term. The continental transport
of renewable energies through super grids and the intelligent consumption
control by smart grids will result in a massive increase in demand in the
domestic market. PSI is well positioned as a market leader to further
automate existing functionalities of the current group customers and expand
these to the higher and lower network levels.

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 1,400 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

15.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
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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, München, Düsseldorf, Stuttgart, Hamburg

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