Earnings Release • Oct 10, 2007
Earnings Release
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Corporate | 10 October 2007 11:17
PSI: New Orders and Result in 3rd Quarter Increases Again
PSI Aktiengesellschaft / Quarter Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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PSI: New Orders and Result in 3rd Quarter Increases Again
Berlin, 10 October 2007 – In the 3rd quarter of 2007, the PSI Group
increased its new orders by 11% to 31 million euros compared with the
previous year (3rd quarter 2006: 28 million euros). The operating result in
the 3rd quarter 2007 improved by more than 60% to just under 0.7 million
euros (3rd quarter 2006: 0.4 million euros). In the first nine months of
the year the new orders increased to 103 million euros (9 months 2006: 100
million euros) and the EBIT to 2.5 million euros (9 months 2006: 15 KEUR).
The third quarter result was primarily driven by the segment Production
Management (industry and logistics solutions). In the segment Energy
Management the quarter was characterized by investments in new functions
for the control of high-voltage networks, which were made in the context of
a strategically important pilot project. With that, PSI has a complete
portfolio for electrical network providers, especially in export.
The government activities EITCO and RISER, sold in the middle of the year,
were, for the first time in the 3rd quarter, not included in the new orders
and results. The number of employees decreased by 70 as a result of the
sale of these activities and with the approximately 40 new hires, the total
is now 1,014 (30 September 2006: 1,046).
Management expects, as in the previous years, that the 4th quarter will be
strong and that the forecasts to date for new orders (125 million) und EBIT
(3 million euros) will be clearly exceeded.
PSI AG develops and integrates individual solutions, on the basis of its
own software, for the management of energy networks (electricity, gas,
heat, oil, 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 more than 1,000 persons in the group. www.psi.de
PSI AG
Karsten Pierschke
Communications and Investor Relation
Dircksenstrasse 42-44
10178 Berlin
Germany
Tel. +49 30 2801-2727
Fax +49 30 2801-1000
E-mail: [email protected]
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: [email protected]
Internet: www.psi.de
ISIN: DE0006968225
WKN: 696822
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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