PSI Software SE

Earnings Release • Feb 27, 2009

News Details

Corporate | 27 February 2009 14:09

PSI Increases 2008 EBIT by 50% to 6.2 Million Euros

PSI Aktiengesellschaft / Final Results

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PSI Increases 2008 EBIT by 50% to 6.2 Million Euros
Operating cash-flow tripled to 9.9 million Euros

Berlin, 27 February 2009 - The PSI Group more than doubled its group net
result in financial year 2008 to 4.1 million Euros (2007: 1.9* million
Euros). The earnings per share increased to 0.34 Euro (2007: 0.15* Euro).
The EBIT increased to 6.2 million Euros (2007: 4.1* million Euros). Group
sales reached 128.9 million Euros (2007: 123.2 million Euros), new orders,
at 152 million Euros (2007: 132 million Euros), clearly exceeded the target
and the annual sales. The cash-flow from operating activities tripled to
9.9 million Euros (2007: 3.0 million Euros), liquidity at the end of the
year rose to 23.7 million Euros (31.12.2007: 18.9 million Euros) despite
the payments for two acquisitions.

PSI started 2009 with a very high volume of new orders of more than 25
million Euros in January. The focus of the new orders is on rationalisation
investments in major industries and utilities. PSI foresees concrete
opportunities in the export business as a result of the speeding up of
infrastructure investments with the stimulus programs in China, Russia and
Eastern Europe.

The management is optimistic, albeit cautious in view of the general
climate, that this year's targets of 7.5 million Euros for the EBIT and 140
million Euros sales can be achieved and possibly exceeded. Should the
market situation again lead to a similarly drastic undervaluation of the
PSI share price as was the case in the fourth quarter of 2008, the
management will continue the buy-back program.

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 1,100 persons in the group. www.psi.de

*Previous years figures adjusted

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

27.02.2009 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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