PSI Software SE

Earnings Release • Oct 28, 2008

News Details

Corporate | 28 October 2008 09:40

PSI with Sales and EBIT Increases in the First Nine Months

PSI Aktiengesellschaft / Quarter Results

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PSI with Sales and EBIT Increases in the First Nine Months
- Group EBIT increases by 237 percent to 2.8 million euros
- Sales increase by 5 percent to 92.0 million euros
- Order book volume increases by 24 percent to record value of 105 million
euros

The PSI Group increased its EBIT to 4.2 million euros (30 Sept. 2007: 2.6
million euros). The pre-tax profit increased to 3.4 million euros (30 Sept.
2007: 1.7 million euros), the Group net result to 2.8 million euros (30
Sept. 2007: 0.8 million euros). Group sales increased to 92.0 million euros
(30 Sept. 2007: 87.7 million euros). Adjusted for the sale of the
government business in mid-2007 and the acquisition of F/L/S GmbH and the
4Production AG in the second and third quarters of 2008 the sales grew by
just under 8 percent compared to the same period for the previous year. The
volume of new orders increased by 16 percent to 119 million euros (30 Sept.
2007: 103 million euros), the order book volume increased by 24 percent to
105 million euros (30 Sept. 2007: 85 million euros).

The Energy Management segment (electricity, gas, oil, heat) obtained sales
of 39.3 million euros (30 Sept. 2007: 38.2 million euros). The EBIT was
increased by 59 percent to 2.5 million euros (30 Sept. 2007: 1.6 million
euros). In the German-speaking market PSI was awarded numerous important
contracts from large electricity and gas suppliers. In the field of
electrical energy an important pilot contract for a Russian high-voltage
grid region was obtained. In the coming quarters PSI expects additional
important contracts from domestic and export markets in this segment.

Sales in the Production Management segment (industry, logistics) were, with
41.9 million euros, 12 percent above that of the level for the previous
year (30 Sept. 2007: 37.5 million euros). The EBIT doubled compared to the
previous year by 1.7 million euros (30 Sept. 2007: 0,8 million euros).
Here, the Metals unit could further expand its market position with
important international orders and the integration of the 4Production AG.
The areas of logistics and mechanical engineering also profited from
increased investments in the efficiency of industrial added-value
processes.

In Infrastructure Management (traffic, safety, telecommunications) sales
decreased as a result of the lower hardware portion and the sale of the
government business to 10.8 million euros (30 Sept. 2008: 12,0 million
euros). The EBIT was, with 0.2 million euros slightly below the value of
the previous year (30 Sept. 2008: 0.5 million euros, including 0.8 million
euros for the sale of the government business).

The number of employees increased as of 30 Sept. 2008 to 1,109 (30 Sept.
2007: 1,014) as a result of the acquisitions and targeted recruitment with
an emphasis on export. Liquid funds on 30 Sept. 2008 were, with 21.6
million euros above the value of the previous year (30 Sept. 2007: 18.3
million euros). The cash-flow from operating activities improved to 2.7
million euros (30 Sept. 2007: 2.4 million euros).

PSI records growing efficiency investments of the heavy industry and the
energy sector in Germany and export markets. As a consequence of the
continuing concentration on the growing economies in Eastern Europe and
Asia, PSI is profiting from the continuing investments in the improvement
of national and industrial infrastructure in these countries.

The long-term cost-reduction program for platform convergence and the
right-sourcing will continue to improve the margin. With the record order
book volume of 105 million euros and the well-filled sales pipeline PSI
foresees a continuation of the good business in 2009 and beyond. The
management reiterates the annual targets of about 130 million euros in
sales and about 6 million euros for the EBIT and the cash-flow from
operations. A decision about increasing the budgeted EBIT for 2009 will be
made in the course of November 2008.

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 (steel, mechanical
engineering, automotive, logistics) and infrastructure management for
telecommunications, transport and safety. PSI was founded in 1969 and
currently 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

28.10.2008 Financial News transmitted by DGAP

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

End of News DGAP News-Service

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