PSI Software SE

Earnings Release • Mar 15, 2012

News Details

Corporate | 15 March 2012 08:00

PSI 2011 with Strong Growth in Industry Business

PSI Aktiengesellschaft / Key word(s): Final Results/Forecast

15.03.2012 / 08:00

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PSI 2011 with Strong Growth in Industry Business
- Group sales increase by 7% to 169.5 million Euros
- EBIT increased by 13% to 10.7 million Euros
- Cash flow from operations reaches new record level of 15.4 million Euros

PSI Group achieved 7% higher sales of 169.5 million Euros in financial year
2011 (2010: 158.7 million Euros). The EBIT was increased by 13% to 10.7
million Euros (2010: 9.5 million Euros). Adjusted for the effects from the
sale of the telecommunications business at the end of 2010, sales growth
was 11% and the EBIT increase 37%. The Group net result increased by 6% to
7.4 million Euros (2010: 7.0 million Euros). With a volume of new orders of
174 million, the level was just about that of the previous year (2010: 177
million Euros); the order book volume increased to 112 million Euros (2010:
108 million Euros).

The Energy Management business was marked by strong growth in the fields of
gas and oil and the lack of investment by the electrical utilities as a
result of the energy shift in Germany in 2011. Sales in the segment
increased by 5% to 68.9 million Euros (2010: 65.5 million Euros). The EBIT,
which was marked by a backlog of orders in electrical distribution networks
and simultaneous investments in the product basis, decreased to 4.0 million
Euros (2010: 4.7 million Euros).

In Production Management, PSI increased sales in 2011 by 17% to 78.6
million Euros (2010: 67.3 million Euros). The EBIT increased significantly
to 5.5 million Euros (2010: 1.3 million Euros). The highest margin was
attained by the segments Metals and Optimisation, followed by ERP and
Logistics. Following significant preproduction costs in the last few years,
the launch of the new control system for raw materials extraction kicked
off the entrance to the Chinese market.

With 22.1 million Euros, Infrastructure Management had 3.9 million lower
sales in 2011 (2010: 26.0 million Euros). The EBIT decreased to 3.1 million
Euros (2010: 4.4 million Euros). In the previous year, Infrastructure
Management still had about 6 million Euros in sales in the field of
telecommunications and along with the operative result also capital gains
of 1.9 million Euros from the disposal of this segment. While the Southeast
Asian PSI Incontrol confirmed its result; PSI Poland also improved
profitability in 2011 once again.

In 2011, PSI spent a total of 16.2 million Euros for research and
development (2010: 16.0 million Euros). Following the successful conclusion
of the first projects on the basis of the group-wide uniform technology
basis, the investments shifted more to the rollouts in the PSI businesses.
A further focus of development was the new control system core for
electrical grids and new user interfaces for gas grids.

The cash flow from operations increased again to 15.4 million Euros (2010:
13.1 million Euros). Despite the repayment of a loan for real estate taken
in 2010, liquidity at the end of the year increased to 33.8 million Euros
(31 December 2010: 28.9 million Euros), that is also to be used for
targeted acquisitions. The Management Board will recommend a slight
increase of the dividend to 0.25 Euros to the Annual General Meeting.

For 2012, PSI is aiming for new orders of 190 million Euros, growth of
sales to more than 180 million Euros and an increase of the EBIT to 13 to
16 million Euros. With 36% more new orders in the first two months of the
financial year compared to the previous year, PSI has already established a
very good basis for achieving these goals.

On the basis of its own software products, PSI AG develops and integrates
complete solutions for energy management (electricity, gas, oil, heat),
production management (metals, automotive, mechanical engineering, mining,
logistics) and infrastructure management for transport and safety. PSI was
founded in 1969 and employs 1,500 persons worldwide. www.psi.de

PSI AG
Karsten Pierschke
Head of Investor Relations
and Group Communication
Dircksenstraße 42-44
10178 Berlin
Germaqny

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

End of Corporate News

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Language: English
Company: PSI Aktiengesellschaft
Dircksenstraße 42-44
10178 Berlin
Germany
Phone: +49 (0)30 2801-0
Fax: +49 (0)30 2801-1000
E-mail: ir@psi.de
Internet: www.psi.de
ISIN: DE000A0Z1JH9
WKN: A0Z1JH
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart

End of News DGAP News-Service

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