PSI Software SE

Earnings Release • Apr 11, 2005

News Details

Corporate | 11 April 2005 08:32

PSI: Preliminary Report on 1st Quarter 2005

Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. —————————————————————————— PSI: Preliminary Report on 1st Quarter 2005 According to preliminary calculations the PSI Group had a small positive EBIT (Q1-2004: -1.6 million euros) and a balanced group result (Q1-2004: -1.9 million euros) for the first quarter of 2005. After the payment of the purchase price for the minority shares of the steel software subsidiary PSI BT cash was 23 million euros on 31 March 2005 (31 March 2004: 14 million euros). The new orders for the first quarter were, with 32 million euros, within the corridor of 30 to 35 million euros (Q1-2004: 39 million euros). In the first quarter the founding of the PSI subsidiary in Shanghai (China) was completed. On the basis of the current orders situation and further costs savings that were announced and will take effect starting in April, a slight increase in the EBIT is predicted for the second quarter. A significant recovery of the business is expected as soon as the new Energy Management Act is approved providing the energy industry with planning security. PSI AG develops and integrates individual solutions, on the basis of its own software, for the management of large networks (electricity, gas, oil, telecommunications, transport), cross-company production management (steel, chemicals, machinery, automotive, logistics) and information management for government and service providers. PSI was founded in 1969 and currently employs 1,100 persons in the group. http://www.psi.de Contact person: PSI AG Karsten Pierschke Communications and Investor Relations Dircksenstraße 42-44 D-10178 Berlin Tel. +49 30 2801-2727 Fax +49 30 2801-1000 eMail: KPierschke@psi.de end of message, (c)DGAP 11.04.2005 —————————————————————————— WKN: 696822; ISIN: DE0006968225; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart 110830 Apr 05