PSI Software SE

Earnings Release • Jul 29, 2008

News Details

Corporate | 29 July 2008 09:34

PSI with Significant Increase in EBIT in First Six Months

PSI Aktiengesellschaft / Half Year Results/Quarter Results

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PSI with Significant Increase in EBIT in First Six Months
- EBIT increased by 46 percent to 2.7 million euros
- Costs of energy and raw materials drive PSI business
- Order book volume increased by 15 percent to 98 million euros

The PSI Group increased its EBIT in the first half of 2008 to 2.7 million
euros (first six months of 2007: 1.8 million euros). The pre-tax profit
increased to 2.2 million euros (first six months of 2007: 1.3 million
euros), the Group net result to 1.9 million euros (first six months of
2007: 0.7 million euros). As a result of the sale of the government
business in mid-2007 and the lower portion of 3rd party products
and services, Group sales, at 57.7 million euros, were slightly below the
year before (first six months of 2007: 60.5 million euros). Adjusted for
these effects, this represents a growth of about 5 percent over the first
six months of 2007. The volume of new orders increased by 8 percent to 78
million euros (first six months of 2007: 72 million euros), the order book
volume increased by 15 percent to 98 million euros (30 June 2007: 85
million euros).

The Energy Management segment (electricity, gas, oil, heat) had sales of
25.4 million euros (first six months of 2007: 26.3 million euros). The EBIT
was, with 1.6 million euros, above the value for the previous year (first
six months of 2007: 1.3 million euros). In the electrical energy business,
important orders were attained from Germany and Asia. PSI is expecting
additional important export orders in the electrical energy and gas
business units from Russia and other regions in the coming quarters.

Sales in the Production Management segment (industry, logistics) were, at
24.7 million euros, at about the same level as the previous year (first six
months of 2007: 25.1 million euros). The EBIT doubled compared to the
previous year to 1.0 million euros (first six months of 2007: 0.5 million
euros). The steel industry business increased the most again, further
expanding its market position, especially internationally, with numerous
important contracts.

In Infrastructure Management (traffic, security, telecommunication) sales
decreased due to the smaller portion of hardware and the sale of the
government business to 7.6 million euros (first six months of 2007: 9.2
million euros). The EBIT improved slightly to 0.2 million euros (first six
months of 2007: 0.1 million euros).

The number of employees on 30 June 2008 was, with 1,053, slightly below the
number for the previous year (30 June 2007: 1,058). PSI plans new hires
until the end of the year, with a focus on export. Liquid funds on 30 June
2008 were, with 18.3 million euros, about 50 percent higher than in the
previous year (30 June 2007: 12.1 million euros).

The share of exports in new orders at PSI increased to over 30 percent in
the first six months of 2008. PSI is profiting from the high cost of energy
and raw materials which are leading to additional expansion and efficiency
investments, above all in the energy and heavy industries. PSI has started
into the second half of the year with orders of almost 100 million euros
and a very well-filled sales pipeline. The management therefore reconfirms
its annual goals of about 130 million euros in sales and an EBIT of more
than 5 million euros. As announced, the decision to raise the annual
forecast will be made in the course of the 3rd quarter.

PSI AG develops and integrates individual solutions, on the basis of its
own software, for the management of energy networks (electricity, gas, oil,
water, heat), 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 Relations
Dircksenstrasse 42-44
10178 Berlin
Germany

Tel. +49 30 2801-2727
Fax +49 30 2801-1000
E-mail: KPierschke@psi.de

29.07.2008 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

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