PSI Software SE

Earnings Release • Oct 22, 2001

News Details

Ad-hoc | 22 October 2001 22:40

PSI AG english

DGAP-Ad hoc: PSI AG english Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Despite temporary impact of the economic and security situation PSI continues to expect growth in sales and increased profitability Berlin, 22 October 2001 – Along with a current investment stop by individual customers in some fields of business, PSI has noticed a significant increase in the decision-making processes for investment decisions. PSI therefore expects a sales growth of 15% and an increase in the EBIT before goodwill amortization of about 30% for the 2001 financial year. The business in the field of eBusiness continues to develop negatively. In contrast to that the development of the business fields Energy and Telecommunication continue to be positive so that the volume of orders for the group as of 30 September could again be increased and is now about Euro 140 million. Nevertheless PSI will make targeted adjustments of the costs and employee capacity to the new general conditions. In addition structural measures will be taken which are justified by the altered situation; the eBusiness field will suspend its independent services and in the future be offered as basis technology in the traditional business fields. To continue to expand the excellent position in Energy and Telecommunication, these are summarized in one segment. This will significantly increase the capacity for development and realization. PSI AG Karsten Pierschke Manager Investor Relations Dircksenstraße 42-44 D-10178 Berlin Tel. +49 30 2801-2727 Fax +49 30 2801-1000 eMail: KPierschke@psi.de end of ad-hoc-announcement (c)DGAP 22.10.2001 ——————————————————————————– WKN: 696822; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Bremen, Hannover, Stuttgart 222240 Okt 01