PSI Software SE

Earnings Release • Aug 20, 2001

News Details

Ad-hoc | 20 August 2001 07:58

PSI AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– PSI Continues Positive Trend in Second Quarter Result before taxes increases by 90% compared to first quarter Berlin, 20 August 2001 – The PSI Group has continued its positive trend in the first six months of financial year 2001. Revenues increased compared to the previous year by 19% to Euro 79.6 million (2000: Euro 66.6 million). The EBIT increased by 26% to Euro 1.49 million (2000: Euro 1.18 million). Without amortization of goodwill, the increase was 43% to Euro 2.64 million (2000: Euro 1.84 million). The result before taxes increased by 52% to Euro 1.98 million (2000: Euro 1.3 million). The EBIT therefore increased in the second quarter by 59% to Euro 916,000 (Q1/2001: Euro 576,000), despite the difficult economic environment. The result before taxes increased by 90% to Euro 1.293 million (Q1/2001: Euro 682,000). There was also a revenue increase of 11% to Euro 18.7 million (2000: Euro 16.8 million) in the first six months of the financial year in the PSIPENTA Software Product Business. The EBIT of the Product Business improved by Euro 4.2 million to – Euro 1.1 million. This means that with Euro 46,000 a balanced result was attained in this segment in the second quarter. Revenues in the System Business increased in the first six months by 22% to Euro 60.9 million (2000: Euro 49.8 million). Despite the continued good development in the business fields of Energy and Telecommunication, this segment has been impacted by the difficulties of the eBusiness solutions market, particularly the UBIS subsidiary. This in connection with one-off expenses for the cancellation of the UBIS IPO and investments in major customer sales in the first six months resulted in a decrease of the EBIT in the Systems Business to Euro 2.6 million (2000: Euro 6.5 million). end of ad hoc announcement (c) DGAP 20.08.2001 Issuer’s information/explanatory remarks concerning this ad hoc announcement: The number of employees increased by 106 to 1,381 compared with the first six months of 2000. Cash increased compared to the previous year’s quarter by 3.6 to Euro 15.9 million. New orders as of 30 June of Euro 87 million represented a 27% increase over the previous year. As a result of the high order backlog of Euro 130 million and positive signals from the market the Management Board is convinced that the planned growth targets will be met. Risks are represented by the general economic developments and in particular here with the market development in eBusiness solutions. PSI AG (Neuer Markt: PSA2, WKN 696 822), as a leading provider plans and implements software solutions for resource management in the fields of energy, goods and information. The Group, which was founded in 1969, has currently 1,400 employees. PSI has ten offices in Germany and another six abroad. The company has been on the New Market of the Frankfurt Stock Market since 1998. http://www.psi.de Your contact person: 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 ——————————————————————————– WKN: 696822; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Bremen, Hannover, Stuttgart 200758 Aug 01