Quarterly Report • Nov 20, 2015
Quarterly Report
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Report on the 3rd Quarter of 2015 qê~åëÑçêãáåÖ= íÜÉ=_ìëáåÉëë=
| 01/01-30/09/15 in KEUR |
01/01-30/09/14 in KEUR |
Change in KEUR |
Change in % |
|
|---|---|---|---|---|
| Revenues | 136,614 | 127,220 | +9,394 | +7.4 |
| Operating Result | 7,271 | 4,381 | +2,890 | +66.0 |
| Result before income taxes | 5,771 | 3,401 | +2,370 | +69.7 |
| Net result | 3,801 | 1,977 | +1,826 | +92.3 |
| Cash and cash equivalents | 29,441 | 22,747 | +6,694 | +29.4 |
| Employees on 30 September | 1,665 | 1,660 | +5 | +0.3 |
| Revenue/Employee | 82.1 | 76.6 | +5.4 | +7.1 |
mpf=dêçìé=a~í~=~ë=éÉê=PM=pÉéíÉãÄÉê=OMNR=~í=~=dä~åÅÉ=EfcopF=
The PSI Group obtained 7.4 % higher sales of 136.6 million Euros in the first nine months of 2015. The EBIT increased, despite continued strong investments in software technology, by 66 % to 7.3 million Euros. The group net result improved by 92 % to 3.8 million Euros. The volume of new orders was, at 149 million Euros, 12 % above the value for the previous year. The order book volume on 30 Sept. 2015 improved compared to the previous year by 7 % to 128 million Euros.
Energy Management (gas, oil, electricity, heat, water) achieved 7 % higher sales of 49.1 million Euros in the first nine months. The EBIT for the segment increased by 29 % to 3.5 million Euros compared to the previous year. The electrical energy business continued the positive development with a number of important contracts for German distribution grid operators on the basis of the current PSIÅçåíêçä product release. The gas and oil business expanded its position in the Scandinavian market and implemented measures to secure its market position in Russia. In the energy trading systems business, the first virtual power plant for decentrally-generated energies and industrial energies commenced trial operations. The development of unique selling points in the fields of intraday energy trading, balancing energy market and pool controller for heterogeneous energy systems continues to be the subject of intensive efforts.
Sales in Production Management (raw materials, metals production, metal processing, logistics) during the first nine months were, at 65.6 million Euros, 8 % above the value for the previous year. The segment's EBIT has increased by 167 % to 4.5 million Euros despite continuing investments in software for raw material extraction. Extractors appear to be investing primarily in efficiency as a result of the market situation; for that reason a profitable follow-up order can be expected in 2016. The automotive and industry business is preparing for the introduction of the PSIéÉåí~ Release 9 which is based on the new group platform. After two-and-a-half years of intensive development, the new products for production data acquisition and process visualisation (PSIàëÅ~Ç~) and the production planning system PSIàäë are ready for pilot projects. The rapidly increasing demand and technologically demanding requests for Industry 4.0 are to be handled by these new products. In the steel industry, the volume of new orders with group frame contracts and standard deliveries on the basis of the group platform have continued to stabilise, especially in Europe. The Logistics business has started operations with the first warehouse system developed on the basis of the group platform and commenced with the upgrade of existing customers. The PSI "Click-Design" technology contained in the new group platform 2.12, developed over three years and successfully used in the first customer projects; with which the user interface is composed using click, drag and drop, will decrease development costs in the future and allow partners, end customers and their IT department new design possibilities.
In Infrastructure Management (transportation and security), sales were, at 21.9 million Euros, 6 % above the figure for the previous year. The segment's EBIT decreased to –0.02 million Euros as a result of the continued weak development in Southeast Asia and adjustment costs. The public transportation business increased sales and earnings and PSI Poland continued to make a positive contribution to the result.
Cash flow from operating activities was, at 0.9 million Euros, positive, but below the figure for the previous year. In China and Southeast Asia measures for the reduction of marketspecific higher working capital and currency exchange risks became markedly more intensive. Liquidity, increased to 29.4 million Euros, continues to serve sales financing.
Compared to 31 December 2014, there have not been any material changes in the Group's assets.
The number of employees in the Group was increased by 5 to 1,665 compared to the same period last year. An expansion of capacity at PSI Metals resulting from the acquisition of Broner Metals in the fourth quarter of 2014 has been offset by personnel cuts of approx. 40 employees in Southeast Asia in 2015.
The PSI stock ended the third quarter of 2015 with a final price of 12.00 Euros 1 % above the final 2014 price of 11.91 Euros. In the same period the technology index TecDAX rose by 27.5 %.
The estimate of the corporate risk has not changed since the Annual Report for 31 December 2014.
PSI expects the good development in the downstream areas of energy distribution, logistics, airport, automotive and mechanical engineering to continue in the coming quarters, primarily in western industrial countries. On the basis of the good capacity, orders and demand, the management continues to be optimistic – despite the currency effects and the challenges in the BRIC states – that the annual target of an EBIT of 11 million Euros formulated in the annual report will be achieved and that the start of 2016 will see doubledigit growth in new orders and sales.
from 1 January 2015 until 30 September 2015 according to IFRS
| V=jçåíÜ=oÉéçêí= | ^ååì~ä=oÉéçêí= | |
|---|---|---|
| MNLMNJPMLMVLNR | MNLMNJPNLNOLNQG= | |
| ^ëëÉíë= | hbro | E~ÇàìëíÉÇF=hbro= |
| kçåJÅìêêÉåí=~ëëÉíë= | ||
| Property, plant and equipment | 12,386 | 12,949 |
| Intangible assets | 60,812 | 61,502 |
| Investments in associates | 149 | 149 |
| Deferred tax assets | 5,217 | 5,657 |
| TUIRSQ | UMIORT= | |
| `ìêêÉåí=~ëëÉíë= | ||
| Inventories | 4,262 | 3,468 |
| Trade accounts receivable, net | 30,383 | 33,708 |
| Receivables from long-term development contracts | 46,039 | 39,865 |
| Other current assets | 6,287 | 5,661 |
| Cash and cash equivalents | 29,441 | 29,314 |
| NNSIQNO | NNOIMNS= | |
| qçí~ä=~ëëÉíë= | NVQIVTS | NVOIOTP= |
| bèìáíó= | ||
|---|---|---|
| Subscribed capital | 40,185 | 40,185 |
| Capital reserves | 35,137 | 35,137 |
| Reserve for own stock | –1,193 | -890 |
| Other reserves | –11,355 | –11,473 |
| Net retained profits | 9,136 | 5,335 |
| TNIVNM | SUIOVQ= | |
| kçåJÅìêêÉåí=äá~ÄáäáíáÉë= | ||
| Long-term financial liabilities | 97 | 188 |
| Pension provisions | 46,749 | 47,080 |
| Deferred tax liabilities | 1,499 | 1,016 |
| QUIPQR | QUIOUQ= | |
| `ìêêÉåí=äá~ÄáäáíáÉë= | ||
| Trade payables | 13,778 | 15,113 |
| Other current liabilities | 31,049 | 29,489 |
| Liabilities from long-tem development contracts | 24,189 | 26,011 |
| Short-term financial liabilities | 5,705 | 5,082 |
| TQITON | TRISVR= | |
| qçí~ä=Éèìáíó=~åÇ=äá~ÄáäáíáÉë= | NVQIVTS | NVOIOTP= |
* Some of the amounts presented vary from the amounts in the Group accounts for the 2014 financial year due to adjustments (see Notes page 9, Changes in the Consolidation Group)
from 1 January 2015 until 30 September 2015 according to IFRS
| = | nì~êíÉêäó=oÉéçêí=fff= | VJjçåíÜ=oÉéçêí= | ||
|---|---|---|---|---|
| MNLMTLNRJ PMLMVLNR |
MNLMTLNQJ PMLMVLNQG E~ÇàìëíÉÇF |
MNLMNLNRJ= PMLMVLNR= |
MNLMNLNQJ= PMLMVLNQG= E~ÇàìëíÉÇF= |
|
| ======hbro | ======hbro | ======hbro= | ======hbro= | |
| Sales Revenues | 46,092 | 42,996 | 136,614 | 127,220 |
| Other operating income | 904 | 958 | 3,082 | 4,999 |
| Cost of materials | –9,416 | –6,632 | –23,608 | –21,525 |
| Personnel expenses | –25,858 | –24,670 | –80,096 | –76,792 |
| Depreciation and amortisation | –1,082 | –938 | –3,153 | –2,763 |
| Other operating expenses | –7,418 | –10,023 | –25,568 | –26,758 |
| léÉê~íáåÖ=êÉëìäí= | PIOOO | NISVN | TIOTN= | QIPUN= |
| Interest income | 22 | 283 | 56 | 428 |
| Interest expenses | –1,220 | –559 | –1,696 | –1,408 |
| Result from equity investments | 0 | 0 | 140 | 0 |
| oÉëìäí=ÄÉÑçêÉ=áåÅçãÉ=í~ñÉë= | OIMOQ | NIQNR | RITTN= | PIQMN= |
| Income tax | –587 | –648 | –1,970 | –1,424 |
| kÉí=êÉëìäí= | NIQPT | TST | PIUMN= | NIVTT= |
| Earnings per share (in Euro per share, basic) | 0.09 | 0.05 | 0.24 | 0.13 |
| Earnings per share (in Euro per share, diluted) | 0.09 | 0.05 | 0.24 | 0.13 |
| Weighted average shares outstanding (basic) | 15,604,937 | 15,653,023 | 15,625,272 | 15,654,851 |
| Weighted average shares outstanding (diluted) | 15,604,937 | 15,653,023 | 15,625,272 | 15,654,851 |
* Some of the amounts presented vary from the amounts in the Group accounts for the 2014 nine months report due to adjustments (see Notes page 9, Accounting and Valuation Principles)
from 1 January 2015 until 30 September 2015 according to IFRS
| MNLMTLNRJ PMLMVLNR ======hbro |
MNLMTLNQJ PMLMVLNQ ======hbro |
MNLMNLNRJ= PMLMVLNR= ======hbro= |
MNLMNLNQJ= PMLMVLNQ= ======hbro= |
|
|---|---|---|---|---|
| kÉí=êÉëìäí= | NIQPT | TST | PIUMN= | NIVTT= |
| Currency translation foreign operations | –1,009 | 697 | 118 | 756 |
| Net losses from cash flows hedges | 0 | 22 | 0 | 171 |
| Income tax effects | 0 | –7 | 0 | –51 |
| dêçìé=ÅçãéêÉÜÉåëáîÉ=êÉëìäí= | QOU | NIQTV | PIVNV= | OIURP= |
from 1 January 2015 until 30 September 2015 according to IFRS
| V=jçåíÜ=oÉéçêí MNLMNJPMLMVLNR |
V=jçåíÜ=oÉéçêí= MNLMNJPMLMVLNQ= |
|
|---|---|---|
| hbro | hbro= | |
^pecilt=colj=lmbo^qfkd=^qfsfqfbp= |
||
| oÉëìäí=ÄÉÑçêÉ=áåÅçãÉ=í~ñÉë= | RITTN | PIQMN= |
| ^ÇàìëíãÉåíë=Ñçê=åçåJÅ~ëÜ=ÉñéÉåëÉë= | ||
| Amortisation on intangible assets | 1,022 | 620 |
| Depreciation of property, plant and equipment | 2,131 | 2,144 |
| Earnings from investments in associated companies | –140 | 0 |
| Interest income | –56 | –428 |
| Interest expenses | 1,697 | 1,408 |
| Other non-cash income/expenses | –632 | 215 |
| VITVP | TIPSM= | |
| `Ü~åÖÉë=çÑ=ïçêâáåÖ=Å~éáí~ä= | ||
| Inventories | –804 | –678 |
| Trade receivables | –2,884 | 1,755 |
| Other current assets | –1,063 | –1,529 |
| Provisions | –583 | –860 |
| Trade payables | –1,205 | –1,027 |
| Other current liabilities | –266 | –1,239 |
| ÓSIUMQ | ÓPIRTU= | |
| Interest paid | –247 | –192 |
| Income taxes paid | –1,845 | –778 |
| `~ëÜ=Ñäçï=Ñêçã=çéÉê~íáåÖ=~ÅíáîáíáÉë= | UVT | OIUNO= |
^pecilt=colj=fksbpqfkd=^qfsfqfbp= |
||
| Additions to intangible assets | –478 | –629 |
| Additions to property, plant and equipment | –1,567 | –1,300 |
| Additions to investments in subsidiaries | 659 | 0 |
| Cash inflow from disposals of associated companies | 140 | 0 |
| Interest received | 56 | 43 |
| `~ëÜ=Ñäçï=Ñêçã=áåîÉëíáåÖ=~ÅíáîáíáÉë= | ÓNINVM | ÓNIUUS= |
^pecilt=colj=cfk^kfkd=^`qfsfqfbp= |
||
| Proceeds/repayments from/of borrowings | 532 | 260 |
| Outflows for share buybacks | –303 | –272 |
| `~ëÜ=Ñäçï=Ñêçã=Ñáå~åÅáåÖ=~ÅíáîáíáÉë= | OOV | ÓNO= |
^pe=^ka=^pe=bnrfs^ibkqp=^q=qeb=bka=lc=qeb=mbofla= |
||
| `Ü~åÖÉë=áå=Å~ëÜ=~åÇ=Å~ëÜ=Éèìáî~äÉåíë= | ÓSQ | VNQ= |
| s~äì~íáçåJêÉä~íÉÇ=ÅÜ~åÖÉë=áå=Å~ëÜ=~åÇ=Å~ëÜ=Éèìáî~äÉåíë= | NVN | PP= |
| `~ëÜ=~åÇ=Å~ëÜ=Éèìáî~äÉåíë=~í=ÄÉÖáååáåÖ=çÑ=íÜÉ=éÉêáçÇ= | OVIPNQ | ONIUMM= |
| `~ëÜ=~åÇ=Å~ëÜ=Éèìáî~äÉåíë=~í=íÜÉ=ÉåÇ=çÑ=íÜÉ=éÉêáçÇ= | OVIQQN | OOITQT= |
from 1 January 2015 until 30 September 2015 according to IFRS
| kìãÄÉê=çÑ= ëÜ~êÉë=áëëìÉÇ= |
pÜ~êÉ=Å~éáí~ä | ^ÇÇáíáçå~ä é~áÇJáå= Å~éáí~ä |
oÉëÉêîÉ=Ñçê íêÉ~ëìêó= ëíçÅâ |
líÜÉê= êÉëÉêîÉë |
^ÅÅìãìä~íÉÇ= äçëëÉë= |
qçí~ä= | |
|---|---|---|---|---|---|---|---|
| kìãÄÉê= | hbro | hbro | hbro | hbro | hbro= | hbro= | |
| ^ë=çÑ=PN=aÉÅÉãÄÉê=OMNQ= | NRISPPIMOP= | QMINUR | PRINPT | ÓUVM | ÓNNIQTP | RIPPR= | SUIOVQ= |
| Group comprehensive result after tax |
118 | 3,801 | 3,919 | ||||
| Share buybacks | -28,176 | –303 | –303 | ||||
| ^ë=çÑ=PM=pÉéíÉãÄÉê=OMNR= | NRISMQIUQT= | QMINUR | PRINPT | ÓNINVP | ÓNNIPRR | VINPS= | TNIVNM= |
| pÜ~êÉë | léíáçåë= | |
|---|---|---|
| j~å~ÖÉãÉåí=_ç~êÇ= | ||
| Harald Fuchs | 3,023 | 0 |
| Dr. Harald Schrimpf | 65,120 | 0 |
| pìéÉêîáëçêó=_ç~êÇ= | ||
| Elena Günzler | 1,013 | 0 |
| Bernd Haus | 1,000 | 0 |
| Prof. Dr. Wilhelm Jaroni | 0 | 0 |
| Uwe Seidel | 62 | 0 |
| Karsten Trippel | 111,322 | 0 |
| Prof. Dr. Rolf Windmöller | 7,805 | 0 |
| cáñÉÇ=êÉãìåÉê~íáçå hbro= |
s~êá~ÄäÉ=êÉãìåÉê~íáçå hbro= |
qçí~ä=êÉãìåÉê~íáçå= hbro= |
|
|---|---|---|---|
| Harald Fuchs | 216 | 85 | 301 |
| Dr. Harald Schrimpf | 278 | 99 | 377 |
| j~å~ÖÉãÉåí=_ç~êÇ=Ó=íçí~ä= | QVQ= | NUQ= | STU= |
Because Supervisory Board payments are made in the 4th quarter of the year, the Supervisory Board did not obtain any remuneration in the first nine months of 2015.
The business activities of PSI AG and its subsidiaries relate to the development and sale of software systems and products fulfilling the specific needs and requirements of its customers, particularly in the following industries and service lines: utilities, manufacturing, logistics, transport and safety. In addition, the Group provides services of all kinds in the field of data processing, sells electronic devices and operates data processing systems.
The PSI Group is divided into the three core business segments energy management, production management and infrastructure management. The company is listed in the Prime Standard segment of the Frankfurt stock exchange.
The company is exposed to a wide range of risks that are similar to other companies active in the dynamic technology sector. Major risks for the development of the PSI Group lie in the success with which it markets its software systems and products, competition from larger companies, the ability to generate sufficient cash flows for future business development as well as in individual risks regarding the integration of subsidiaries, organisational changes and the cooperation with strategic partners.
The condensed interim consolidated financial statements for the period from 1 January 2015 to 30 September 2015 were released for publication by a decision of the management on 27 October 2015.
The condensed interim consolidated financial statements for the period from 1 January 2015 to 30 September 2015 were produced in compliance with IAS 34 "Interim Financial Reporting". The condensed interim consolidated financial statements do not contain all the data and notes prescribed for the annual financial statements and should be read in conjunction with the consolidated financial statements for 31 December 2014.
With regard to the principles of accounting and valuation and especially the application of International Financial Reporting Standards (IFRS) see the group consolidated financial statements for the financial year 2014.
In financial year 2015 the presentation of the currency conversion effects in the profit and loss account has been changed. While in the past all currency conversion effects reported in the profit and loss account were presented as other operating income or other operating expenses, PSI selected a more differentiated and therefore, for the target audience of the financial statements, more helpful presentation for decision-making. To the extent that the differences are related to the operative business, they will continue to be presented as other operating income or other operating expenses. If the conversion differences are, by contrast, related to financial activities, they will be presented within the financial result. The values for the previous year will be correspondingly adjusted. As a result of the new method, other operating income in the previous year changed by KEUR 385, other operating expenses by KEUR 169 and the conversion effects in the financial result by KEUR 216. In financial year 2015, conversion effects in the financial result will be KEUR 632 that would have been presented in the other operating expenses in the former presentation.
Seasonal effects resulted in the PSI Group operations with regards to the receipt of maintenance revenues in the first quarter of the financial year (deferment of the influences on the result of corresponding incoming payments throughout the year) and significantly greater demand and project accounting in the fourth quarter of the financial year.
Ü~åÖÉë=áå=íÜÉ=çåëçäáÇ~íáçå=dêçìé=In a contract signed 12 November 2014, a 100 % stake was acquired in Broner Metals Solutions Limited headquartered in Watford, UK. A preliminary purchase price allocation of net assets was performed in the financial statements for 31 December 2014. The valuation was completed in June 2015; the fair values that were applicable at the time of acquisition were adjusted. As a result, the other intangible assets increased by KEUR 280, deferred tax liabilities increased by KEUR 56, while goodwill decreased by KEUR 476. The preliminary useful life was between six and eight years and now amounts to between two and nearly 13 years.
The prior-year figures have been adjusted accordingly. The impact on the amortisation in the period between acquisition and 31 December 2014 was immaterial.
| _êçåÉê=jÉí~äë=pçäìíáçåë=iáãáíÉÇI=NOLNNLOMNR= | c~áê=î~äìÉ=~í=íÜÉ= |
|---|---|
| íáãÉ=çÑ=~Åèìáëáíáçå= | |
| kçåJÅìêêÉåí=~ëëÉíë | |
| Property, plant and equipment | 66 |
| Other intangible assets | 6,084 |
| `ìêêÉåí=~ëëÉíë | |
| Receivables from long-term development contracts | 2,661 |
| Trade accounts receivable | 1,511 |
| Other current assets | 280 |
| Cash and cash equivalents | 427 |
| iá~ÄáäáíáÉë= | |
| Deferred tax liabilities | 1,223 |
| Trade payables | 875 |
| Other current liabilities | 1,400 |
| Liabilities from long-tem development contracts | 0 |
| qçí~ä=áÇÉåíáÑá~ÄäÉ=åÉí=~ëëÉíë=~í=Ñ~áê=î~äìÉ= | TIRPN= |
| Goodwill resulting from the acquisition | |
| of the Company | 3,911 |
| `çåëáÇÉê~íáçå= | NNIQQO= |
| PM=pÉéíÉãÄÉê=OMNR | PN=aÉÅÉãÄÉê=OMNQ= | |
|---|---|---|
| hbro= | hbro= | |
| Bank balances | 24,917 | 28,023 |
| Fixed term deposits | 4,494 | 1,258 |
| Cash | 30 | 33 |
| OVIQQN= | OVIPNQ= |
Costs and estimated earnings in excess of billings on uncompleted contracts arise when revenues have been recorded but the amounts cannot be billed under the terms of the contracts. Such amounts are recoverable from customers upon various measures of performance, including achievement of certain milestones, completion of specified units or completion of the contract. Costs and estimated earnings contain directly allocable costs (labour cost and cost of services provided by third parties) as well as the appropriate portion of overheads including pro rata administrative expenses.
Costs and estimated earnings on uncompleted contracts and related amounts are billed as follows:
| PM=pÉéíÉãÄÉê=OMNR | PN=aÉÅÉãÄÉê=OMNQ= | |
|---|---|---|
| hbro= | hbro= | |
| Costs incurred on uncompleted contracts | 89,325 | 75,442 |
| Profit shares | 17,701 | 14,671 |
| `çåíê~Åí=êÉîÉåìÉ= | NMTIMOS= | VMINNP= |
| Payments on account | –85,176 | –76,259 |
| Set off against contract revenue | –60,987 | –50,248 |
| Receivables from long-term construction contracts | 46,039 | 39,865 |
| Liabilities from long-term construction contracts | 24,189 | 26,011 |
The sales revenues reported in the group income statement break down as follows:
| PM=pÉéíÉãÄÉê=OMNR | PM=pÉéíÉãÄÉê=OMNQ= | |
|---|---|---|
| hbro= | hbro= | |
| Software development | 76,136 | 70,600 |
| Maintenance | 38,122 | 33,254 |
| License fees | 10,616 | 12,198 |
| Merchandise | 11,740 | 11,168 |
| NPSISNQ= | NOTIOOM= |
The main components of the income tax expenditure shown in the group income statement are added as follows:
| PM=pÉéíÉãÄÉê=OMNR hbro= |
PM=pÉéíÉãÄÉê=OMNQ= hbro= |
|
|---|---|---|
| Effective taxes expenses | ||
| Effective tax expenses | –1,046 | –987 |
| Deferred taxes | ||
| Emergence and reversal of | ||
| temporary differences | –924 | –437 |
| q~ñ=ÉñéÉåëÉë= | ÓNIVTM= | ÓNIQOQ= |
The development of the segment results can be found in the Group segment reporting.
To the best of our knowledge, the interim consolidated financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the group, and the interim management report of the group includes a fair review of the group's development and performance of its position, together with a description of the principal opportunities and risks associated with the expected development of the group in the remaining months of the financial year, in accordance with German proper accounting principles of interim consolidated reporting.
from 1 January 2015 until 30 September 2015 according to IFRS
| båÉêÖó= j~å~ÖÉãÉåí= |
mêçÇìÅíáçå= j~å~ÖÉãÉåí= |
fåÑê~ëíêìÅíìêÉ= j~å~ÖÉãÉåí= |
oÉÅçåÅáäá~íáçå | mpf=dêçìé= | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| PMLMVL= OMNR= hbro= |
PMLMVL= OMNQG= hbro= |
PMLMVL OMNR hbro |
PMLMVL OMNQ hbro |
PMLMVL OMNR hbro |
PMLMVL OMNQG hbro |
PMLMVL OMNR hbro |
PMLMVL OMNQ hbro |
PMLMVL= OMNR= hbro= |
PMLMVL= OMNQG= hbro= |
|
| p~äÉë=êÉîÉåìÉë= | = | = | ||||||||
| Sales to external customers |
49,080 45,748 | 65,613 | 60,744 | 21,921 | 20,728 | 0 | 0 136,614 127,220 | |||
| Inter-segment sales | 1,662 | 671 | 1,042 | 1,453 | 4,537 | 3,843 | -7,241 | –5,967 | 0 | 0 |
| pÉÖãÉåí=êÉîÉåìÉë= | RMITQO= QSIQNV SSISRR SOINVT OSIQRU OQIRTN JTIOQN ÓRIVST NPSISNQ=NOTIOOM= | |||||||||
| Other operating income |
3,965 | 3,738 | 5,115 | 5,810 | 1,256 | 1,404 | –7,254 | –5,953 | 3,082 | 4,999 |
| Cost of purchased services |
–3,822 –2,605 | –7,488 | –6,469 | –5,560 | –4,830 | 4,326 | 3,003 –12,544 –10,901 | |||
| Cost of purchased materials |
–2,943 –2,845 | –1,702 | –1,932 | –6,902 | –6,847 | 483 | 1,000 –11,064 –10,624 | |||
| Personnel expenses | –30,399 –30,434 –38,946 –37,367 –10,584 | –8,827 | –167 | –164 –80,096 –76,792 | ||||||
| Depreciation and amortisation |
–1,082 –1,045 | –968 | –966 | –602 | –554 | –45 | –44 | –2,697 | –2,609 | |
| Other operating expenses |
–12,870 –10,437 –17,729 –19,478 | –4,085 | –3,996 | 9,116 | 7,153 –25,568 –26,758 | |||||
| léÉê~íáåÖ=êÉëìäí== ÄÉÑçêÉ=áåíÉêÉëíI=í~ñI= ÇÉéêÉÅá~íáçå=~åÇ= ~ãçêíáë~íáçå |
QISTP= PIUPS | RIVMR | OITSN | RUP | NIQTR | ÓTPT | ÓVOU | NMIQOQ= | TINQQ= | |
| léÉê~íáåÖ=êÉëìäí= ÄÉÑçêÉ=ÇÉéêÉÅá~íáçå= ~åÇ=~ãçêíáë~íáçå= êÉëìäíáåÖ=Ñêçã= éìêÅÜ~ëÉ=éêáÅÉ= ~ääçÅ~íáçå= |
PIRVN= OITVN | QIVPT | NITVR | –19 | VON | ÓTUO | ÓVTO | TITOT= | QIRPR= | |
| Depreciation and amortisation resulting from purchase price allocation |
–64 | –64 | –392 | –90 | 0 | 0 | 0 | 0 | –456 | –154 |
| léÉê~íáåÖ=êÉëìäí= | PIROT= OITOT | QIRQR | NITMR | ÓNV | VON | ÓTUO | ÓVTO | TIOTN= | QIPUN= | |
| Interest income | 13 | –501 | –636 | –554 | –837 | 75 | –40 | 0 | –1,500 | –980 |
| oÉëìäí=ÄÉÑçêÉ== áåÅçãÉ=í~ñÉë= |
PIRQM= OIOOS | PIVMV | NINRN | ÓURS | VVS | ÓUOO | ÓVTO | RITTN= | PIQMN= | |
| fåíÉêÉëí=áå=~ëëçÅá~íÉë= Å~êêáÉÇ=~í=Éèìáíó= |
NQV= | OVU | M | M | M | M | M | M | NQV= | OVU= |
| pÉÖãÉåí=~ëëÉíë= | QPIPRP= QSIPVO UTIMOS TMISQN RQIQSP RPIORT | QIVNT | PIPNU NUVITRV=NTPISMU= | |||||||
| pÉÖãÉåí=äá~ÄáäáíáÉë= | PVIOUT= OUINTT RMITPO QTIVRQ NUIOPQ NSITVR NOIRMR NMIVSS NOMITRU=NMPIUVO= | |||||||||
| pÉÖãÉåí=áåîÉëíãÉåíë= | QOV= | PRV | STQ | SPM | NQT | QSN | SQV | QTV | NIUVV= | NIVOV= |
* Some of the amounts presented vary from the amounts in the Group accounts for the 2014 nine months report due to adjustments (see Notes page 9, Accounting and Valuation Principles)
| 29 October 2015 | Report on the 3rd Quarter of 2015 |
|---|---|
| 24 November 2015 | German Equity Forum, Analyst Presentation |
| 22 March 2016 | Publication of Annual Result 2015 |
| 22 March 2016 | Analyst Conference |
| 28 April 2016 | Report on the 1st Quarter of 2016 |
| 12 May 2016 | Annual General Meeting |
| 27 July 2016 | Report on the 1st Six Months of 2016 |
| 31 October 2016 | Report on the 3rd Quarter of 2016 |
| November 2016 | German Equity Forum, Analyst Presentation |
Karsten Pierschke
| Telephone: | +49 30 2801-2727 |
|---|---|
| Fax: | +49 30 2801-1000 |
| E-Mail: | [email protected] |
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For the latest IR information, please visit our website at www.psi.de/ir.
PSI Aktiengesellschaft für Produkte und Systeme der Informationstechnologie
Dircksenstraße 42-44 10178 Berlin Germany Telephone: +49 30 2801-0 Fax: +49 30 2801-1000 [email protected] www.psi.de
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