Quarterly Report • Nov 19, 2018
Quarterly Report
Open in ViewerOpens in native device viewer
REPORT ON THE 3rd QUARTER OF 2018
| 01/01-30/09/18 in KEUR |
01/01-30/09/17 in KEUR |
Change in KEUR |
Change in % |
|
|---|---|---|---|---|
| Revenues | 141,555 | 133,052 | +8,503 | +6.4 |
| Operating Result | 10,005 | 8,186 | +1,819 | +22.2 |
| Result before income taxes | 9,406 | 7,535 | +1,817 | +24.8 |
| Net result | 6,850 | 4,563 | +2,287 | +50.1 |
| Cash and cash equivalents | 35,467 | 39,809 | –4,342 | –10.9 |
| Employees on 30 September | 1,775 | 1,650 | +125 | +7.6 |
| Revenue/Employee | 79.7 | 80.6 | –0.9 | –1.1 |
PSI Group increased new orders by 20 % to 176 million euros in the first nine months of 2018 (30 September 2017: 147 million euros). The value of orders on 30 September 2018 was, at 159 million euros, 13 % above the value for the previous year (30 September 2017: 141 million euros). Group sales improved by 6 % to 141.6 million euros (30 September 2017: 133.1 million euros), thanks to the growth in the electrical grids business and in Southeast Asia. The EBIT increased by 22 % to 10 million euros (30 September 2017: 8.2 million euros), the group net result increased by 50 % to 6.9 million euros (30 September 2017: 4.6 million euros) thanks to an improved financial result and lower taxes.
Energy Management, which, since the first quarter of 2018 consists of the areas energy grids, energy trading, public transportation and the Southeast Asia business, achieved a 7 % increase in sales to 68.9 million euros in the first nine months (30 September 2017: 64.3 million euros). The EBIT for the segment improved by 46 % to 4.2 million euros compared to the previous year (30 September 2017: 2.9 million euros). The electrical grids business received orders from leading customers in the third quarter and thus increased its new orders by more than 40 % compared to the successful previous year. Following the complex migration of intelligent field-force management, balancing group management and time series management to the group platform, investments are currently being made in the trend area of intelligent low-voltage grid management and functions for the US market. Finally, the pipeline systems business (gases and liquids) is converting its business model to softwareupgrade-as-a-service. Following the encumbrances from the pilot project in the first half of the year, the first three rollout orders have been obtained. Currently, the oil price-dependent export business is also recovering, so that significant increases can be expected for 2019 and 2020. In the public transport business, PSI is experiencing a strong boom due to the trend towards electrification and subsidies and took over the planning software manufacturer Moveo Software GmbH in July 2018. The PSI subsidiary in Southeast Asia, which has been a burden in the last two years, increased sales by 23 % and achieved a positive EBIT.
Sales in Production Management (raw materials, metals, industry, logistics), that includes the Polish business as well since the first quarter of 2018, was, at 72.6 million euros, 6 % above the figure for the previous year (30 September 2017: 68.8 million euros). The EBIT improved to 6.6 million euros (30 September 2017: 6.3 million euros). In the metals business the new tariffs introduced in recent months are requiring changes from steel producers (logistics, smaller volumes, more variants, replacement of imports), that are delaying new orders, but will result in greater needs in the long run. Quality management software is especially needed for the replacement of imports, so that investments in the expansion of this functionality have slightly encumbered this business. In the context of the current diesel discussions in Germany, the automotive business significantly increased its sales in the third quarter. The customer successfully commissioned the pilot plant for the automotive factory software suite, which was built on the basis of the PSI technology platform for modern industry 4.0 swarm production, in July. Numerous sales cases for further electric vehicle and component production in Germany and Europe promise good follow-up business. The logistics business, which had to cope with growth and relocation costs, won further major orders in airport logistics. In the fourth quarter PSI is launching an improved cloud offer of production management software based on more industrially suitable conditions from its suppliers.
The cash flow from operating activities improved to 7.2 million euros (30 September 2017: 0.6 million euros). The cash flow burden of recent years from the group-wide conversion to software-upgrades-as-a-service is coming to an end. After payment of the purchase price for Moveo Software GmbH and redemption of financial liabilities, cash and cash equivalents decreased to 35.5 million euros (30 September 2017: 39.8 million euros).
Compared to 31 December 2017, there have not been any material changes in the Group's assets.
The number of employees in the Group increased to 1,775 as of 30 September 2018 (30 September 2017: 1,650).
The PSI stock ended the 3rd quarter of 2018 with a final price of 15.70 euros 15.2 % below the final 2017 price of 18.51 euros. In the same period the technology index TecDAX rose by 11.2 %.
The estimate of the corporate risk has not changed since the Annual Report for 31 December 2017.
The original new order targets for the year as a whole will now be significantly exceeded by the strong new orders of 210 to 215 million euros. This already lays the foundation for growth in 2019. Due to the significantly improved position in the market, the group-wide technology platform and many beneficial trends, the sales pipeline will continue to expand. In general, PSI is concentrating increasingly on industrialized countries whose economies are less affected by higher interest rates.
Management expects a traditionally strong final quarter and is therefore very confident that the operating profit target of 15 million euros and all strategic transformation targets will be exceeded. In the course of the fourth quarter, management will assess the conditions for the following year and define a guidance. Based on the order backlog, the strong pipeline and the company's development, it is clear that the sales growth targets will be raised.
from 1 January 2018 until 30 September 2018 according to IFRS
| V=jçåíÜ=oÉéçêí= | ^ååì~ä=oÉéçêí= | |
|---|---|---|
| ^ëëÉíë= | MNLMNJPMLMVLNU hbro |
MNLMNJPNLNOLNT= hbro= |
| kçå=ÅìêêÉåí=~ëëÉíë= | ||
| Property, plant and equipment | 12,845 | 12,531 |
| Intangible assets | 57,502 | 56,489 |
| Investments in associates | 150 | 150 |
| Deferred tax assets | 7,504 | 8,377 |
| TUIMMN | TTIRQT= | |
| `ìêêÉåí=~ëëÉíë= | ||
| Inventories | 10,444 | 7,823 |
| Trade accounts receivable, net | 27,080 | 31,611 |
| Receivables from long-term development contracts | 38,125 | 33,118 |
| Other current assets | 7,910 | 5,779 |
| Cash and cash equivalents | 35,467 | 38,132 |
| NNVIMOS | NNSIQSP= | |
| qçí~ä=~ëëÉíë= | NVTIMOT | NVQIMNM= |
| bèìáíó= | ||
|---|---|---|
| Subscribed capital | 40,185 | 40,185 |
| Capital reserves | 35,137 | 35,137 |
| Reserve for treasury shares | –750 | –328 |
| Other reserves | –18,974 | –18,823 |
| Net retained profits | 27,380 | 24,126 |
| UOIVTU | UMIOVT= | |
| kçåJÅìêêÉåí=äá~ÄáäáíáÉë= | ||
| Pension provisions and similar obligations | 49,798 | 50,540 |
| Deferred tax liabilities | 4,797 | 3,494 |
| RQIRVR | RQIMPQ= | |
| `ìêêÉåí=äá~ÄáäáíáÉë= | ||
| Trade payables | 12,085 | 14,564 |
| Other current liabilities | 33,967 | 29,206 |
| Liabilities from long-tem development contracts | 12,120 | 13,287 |
| Short-term financial liabilities | 1,282 | 2,622 |
| RVIQRQ | RVISTV= | |
| qçí~ä=Éèìáíó=~åÇ=äá~ÄáäáíáÉë= | NVTIMOT | NVQIMNM= |
from 1 January 2018 until 30 September 2018 according to IFRS
| = | nì~êíÉêäó=oÉéçêí=fff= | V=jçåíÜ=oÉéçêí= | ||
|---|---|---|---|---|
| MNLMTLNUJ PMLMVLNU ======hbro |
MNLMTLNTJ PMLMVLNT ======hbro |
MNLMNLNUJ= PMLMVLNU= ======hbro= |
MNLMNLNTJ= PMLMVLNT= ======hbro= |
|
| Sales Revenues | 46,984 | 45,484 | 141,555 | 133,052 |
| Other operating income | 697 | 1,542 | 4,245 | 4,574 |
| Cost of materials | –5,226 | –7,263 | –19,011 | –18,030 |
| Personnel expenses | –29,403 | –27,046 | –89,635 | –83,463 |
| Depreciation and amortisation | –1,137 | –1,099 | –3,277 | –3,188 |
| Other operating expenses | –8,063 | –9,116 | –23,872 | –24,759 |
| léÉê~íáåÖ=êÉëìäí= | PIURO | OIRMO | NMIMMR= | UINUS= |
| Net finance result | –438 | –343 | –599 | –651 |
| oÉëìäí=ÄÉÑçêÉ=áåÅçãÉ=í~ñÉë= | PIQNQ | OINRV | VIQMS= | TIRPR= |
| Income tax | –841 | –639 | –2,556 | –2,972 |
| kÉí=êÉëìäí= | OIRTP | NIROM | SIURM= | QIRSP= |
| Earnings per share (in Euro per share, basic) | 0.16 | 0.10 | 0.44 | 0.29 |
| Earnings per share (in Euro per share, diluted) | 0.16 | 0.10 | 0.44 | 0.29 |
| Weighted average shares outstanding (basic) | 15,646,653 | 15,635,018 | 15,642,732 | 15,635,018 |
| Weighted average shares outstanding (diluted) | 15,646,653 | 15,635,018 | 15,642,732 | 15,635,018 |
from 1 January 2018 until 30 September 2018 according to IFRS
| MNLMTLNUJ PMLMVLNU ======hbro |
MNLMTLNTJ PMLMVLNT ======hbro |
MNLMNLNUJ= PMLMVLNU= ======hbro= |
MNLMNLNTJ= PMLMVLNT= ======hbro= |
|
|---|---|---|---|---|
| kÉí=êÉëìäí= | OIRTP | NIROM | SIURM= | QIRSP= |
| Currency translation foreign operations | –632 | –606 | –151 | –2,024 |
| Net losses from cash flows hedges | 0 | 0 | 0 | 0 |
| Income tax effects | 0 | 0 | 0 | 0 |
| dêçìé=ÅçãéêÉÜÉåëáîÉ=êÉëìäí= | NIVQN | VNQ | SISVV= | OIRPV= |
from 1 January 2018 until 30 September 2018 according to IFRS
| V=jçåíÜ=oÉéçêí MNLMNJPMLMVLNU hbro |
V=jçåíÜ=oÉéçêí= MNLMNJPMLMVLNT= hbro= |
|
|---|---|---|
^pecilt=colj=lmbo^qfkd=^qfsfqfbp= |
||
| oÉëìäí=ÄÉÑçêÉ=áåÅçãÉ=í~ñÉë= | VIQMS | TIRPR= |
| ^ÇàìëíãÉåíë=Ñçê=åçåJÅ~ëÜ=ÉñéÉåëÉë= | ||
| Amortisation on intangible assets | 1,332 | 1,257 |
| Depreciation of property, plant and equipment | 1,945 | 1,931 |
| Earnings from investments in associated companies | -134 | -142 |
| Interest income | -133 | -118 |
| Interest expenses | 722 | 681 |
| NPINPU | NNINQQ= | |
| `Ü~åÖÉë=çÑ=ïçêâáåÖ=Å~éáí~ä= | ||
| Inventories | –2,574 | –2,091 |
| Trade receivables | –2 | 4,737 |
| Other current assets | –2,508 | –2,577 |
| Provisions | –943 | –1,014 |
| Trade payables | –2,608 | –1,069 |
| Other current liabilities | 3,277 | –6,652 |
| TITUM | OIQTU= | |
| Interest paid | –92 | –72 |
| Income taxes paid | –492 | –1,773 |
| `~ëÜ=Ñäçï=Ñêçã=çéÉê~íáåÖ=~ÅíáîáíáÉë= | TINVS | SPP= |
^pecilt=colj=fksbpqfkd=^qfsfqfbp= |
||
| Additions to intangible assets | –698 | –277 |
| Additions to property, plant and equipment | –2,226 | –2,298 |
| Additions to investments in subsidiaries | –1,500 | 0 |
| Cash acquired | 231 | 0 |
| Interest received | 133 | 118 |
| `~ëÜ=Ñäçï=Ñêçã=áåîÉëíáåÖ=~ÅíáîáíáÉë= | ÓQIMSM | ÓOIQRT= |
^pecilt=colj=cfk^kfkd=^`qfsfqfbp= |
||
| Dividends paid | –3,596 | –3,439 |
| Proceeds/repayments from/of borrowings | –1,340 | 2,872 |
| Outflows for share buybacks | –422 | –297 |
| `~ëÜ=Ñäçï=Ñêçã=Ñáå~åÅáåÖ=~ÅíáîáíáÉë= | ÓRIPRU | ÓUSQ= |
^pe=^ka=^pe=bnrfs^ibkqp=^q=qeb=bka=lc=qeb=mbofla= |
||
| `Ü~åÖÉë=áå=Å~ëÜ=~åÇ=Å~ëÜ=Éèìáî~äÉåíë= | ÓOIOOO | ÓOISUU= |
| s~äì~íáçåJêÉä~íÉÇ=ÅÜ~åÖÉë=áå=Å~ëÜ=~åÇ=Å~ëÜ=Éèìáî~äÉåíë= | ÓQQP | ÓRNN= |
| `~ëÜ=~åÇ=Å~ëÜ=Éèìáî~äÉåíë=~í=ÄÉÖáååáåÖ=çÑ=íÜÉ=éÉêáçÇ= | PUINPO | QPIMMU= |
| `~ëÜ=~åÇ=Å~ëÜ=Éèìáî~äÉåíë=~í=íÜÉ=ÉåÇ=çÑ=íÜÉ=éÉêáçÇ= | PRIQST | PVIUMV= |
from 1 January 2018 until 30 September 2018 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= êÉëìäíë= |
qçí~ä= | |
|---|---|---|---|---|---|---|---|
| kìãÄÉê= | hbro | hbro | hbro | hbro | hbro= | hbro= | |
| ^ë=çÑ=N=g~åì~êó=OMNT= | NRISRSIMNS= | QMINUR | PRINPT | ÓROU | ÓNTIRUU | NUIMSU= | TRIOTQ= |
| Group comprehensive result after tax |
–1,235 | 9,497 | 8,262 | ||||
| Share buybacks | –24,885 | –297 | –297 | ||||
| Issue of own shares | 28,889 | 497 | 497 | ||||
| Dividends paid | –3,439 | –3,439 | |||||
| ^ë=çÑ=N=g~åì~êó=OMNU= | NRISSMIMOM= | QMINUR | PRINPT | ÓPOU | ÓNUIUOP | OQINOS= | UMIOVT= |
| Group comprehensive result after tax |
–151 | 6,850 | 6,699 | ||||
| Share buybacks | –25,000 | –422 | –422 | ||||
| Dividends paid | –3,596 | –3,596 | |||||
| ^ë=çÑ=PM=pÉéíÉãÄÉê=OMNU= | NRISPRIMOM= | QMINUR | PRINPT | ÓTRM | ÓNUIVTQ | OTIPUM= | UOIVTU= |
| pÜ~êÉë | léíáçåë= | |
|---|---|---|
| j~å~ÖÉãÉåí=_ç~êÇ= | ||
| Harald Fuchs | 7,023 | 0 |
| Dr. Harald Schrimpf | 67,000 | 0 |
| pìéÉêîáëçêó=_ç~êÇ= | ||
| Andreas Böwing | 0 | 0 |
| Elena Günzler | 1,739 | 0 |
| Prof. Dr. Uwe Hack | 600 | 0 |
| Prof. Dr. Wilhelm Jaroni | 0 | 0 |
| Uwe Seidel | 300 | 0 |
| Karsten Trippel | 111,322 | 0 |
| cáñÉÇ=êÉãìåÉê~íáçå hbro= |
s~êá~ÄäÉ=êÉãìåÉê~íáçå hbro= |
qçí~ä=êÉãìåÉê~íáçå= hbro= |
|
|---|---|---|---|
| Harald Fuchs | 236 | 127 | 363 |
| Dr. Harald Schrimpf | 307 | 249 | 556 |
| j~å~ÖÉãÉåí=_ç~êÇ=Ó=íçí~ä= | RQP= | PTS= | VNV= |
As the Supervisory Board payments for the current year are made in the 4th quarter, the Supervisory Board did not obtain any remuneration in the first nine months of 2018.
The business activities of PSI Software 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 and transportation. 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 core business segments energy management and production 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 products, competition from larger companies, the ability to generate sufficient cash flows for future business development and the cooperation with strategic partners.
The condensed interim consolidated financial statements for the period from 1 January 2018 to 30 September 2018 were released for publication by a decision of the management on 29 October 2018.
The condensed interim consolidated financial statements for the period from 1 January 2018 to 30 September 2018 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 2017.
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 2017.
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 25 July 2018, a 100% stake was acquired in Moveo Software GmbH headquartered in Potsdam, Germany. The company reported assets of 977 KEUR and liabilities of 684 KEUR as of the acquisition date. Net assets (at carrying amount) totaled 293 KEUR. In the context of the purchase price allocation, these net assets were set against the acquisition cost (1,500 KEUR). The resulting difference is attributable to intangible assets with a useful life of between 1.5 and 7 years and goodwill. The intangible assets relate primarily to the valuation of the software product "profahr" developed by Moveo itself. Goodwill particularly results from the position of Moveo with transport companies in Germany, Austria and Switzerland, as well as its specialist and technological know-how. The purchase price was paid in cash.
Had the newly acquired subsidiary already been included in the consolidated financial statements at 1 January 2018, the consolidated revenues and consolidated net profit would have totaled 142,649 KEUR and 6,847 KEUR respectively.
The following table provides a preliminary breakdown of the costs of acquisition to the market values of the assets and liabilities acquired.
| _ççâ=î~äìÉ= ÄÉÑçêÉ=íÜÉ= |
^ÇàìëíãÉåí | _ççâ=î~äìÉ= ~ÑíÉê=íÜÉ= |
|
|---|---|---|---|
| ~Åèìáëáíáçå= | ~Åèìáëáíáçå= | ||
| hbro | hbro | hbro | |
| kçåJÅìêêÉåí=~ëëÉíë | |||
| Property, plant and equipment | 33 | 0 | 33 |
| Other intangible assets | 50 | 765 | 815 |
| `ìêêÉåí=~ëëÉíë | |||
| Receivables from long-term | |||
| development contracts | 165 | 165 | |
| Trade receivables | 459 | 0 | 459 |
| Other Assets | 39 | 0 | 39 |
| Cash and cash equivalents | 231 | 0 | 231 |
| iá~ÄáäáíáÉë= | |||
| Deferred tax liabilities | 0 | 228 | 228 |
| Trade payables | 173 | 0 | 173 |
| Other liabilities | 382 | 0 | 382 |
| Liabilities from long-term | |||
| development contracts | 129 | 0 | 129 |
| qçí~ä=áÇÉåíáÑá~ÄäÉ=åÉí=~ëëÉíë=~í=Ñ~áê= | |||
| î~äìÉ= | OVP= | RPT= | UPM= |
| Goodwill resulting from the | |||
| acquisition of the company | 670 |
| PM=pÉéíÉãÄÉê=OMNU | PN=aÉÅÉãÄÉê=OMNT= | |
|---|---|---|
| hbro= | hbro= | |
| Bank balances | 33,331 | 34,742 |
| Fixed term deposits | 2,108 | 3,366 |
| Cash | 28 | 24 |
| PRIQST= | PUINPO= |
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=OMNU hbro= |
PN=aÉÅÉãÄÉê=OMNT= hbro= |
|
|---|---|---|
| Costs incurred on uncompleted contracts | 100,463 | 88,768 |
| Profit shares | 17,672 | 15,028 |
| `çåíê~Åí=êÉîÉåìÉ= | NNUINPR= | NMPITVS= |
| Payments on account | –92,131 | –83,965 |
| Set off against contract revenue | –80,011 | –70,678 |
| Receivables from long-term construction contracts | 38,125 | 33,118 |
| Liabilities from long-term construction contracts | 12,120 | 13,287 |
The sales revenues reported in the group income statement break down as follows:
| PM=pÉéíÉãÄÉê=OMNU | PM=pÉéíÉãÄÉê=OMNT= | |
|---|---|---|
| hbro= | hbro= | |
| Software development | 75,240 | 74,502 |
| Maintenance | 45,910 | 41,208 |
| License fees | 11,369 | 7,500 |
| Merchandise | 9,036 | 9,842 |
| NQNIRRR= | NPPIMRO= |
The main components of the income tax expenditure shown in the group income statement are added as follows:
| PM=pÉéíÉãÄÉê=OMNU | PM=pÉéíÉãÄÉê=OMNT= | |
|---|---|---|
| hbro= | hbro= | |
| Effective taxes expenses | ||
| Effective tax expenses | –608 | –1,570 |
| Deferred taxes | ||
| Emergence and reversal of | ||
| temporary differences | –1,948 | –1,402 |
| q~ñ=ÉñéÉåëÉë= | ÓOIRRS= | ÓOIVTO= |
The development of the segment results can be found in the Group segment reporting.
In the first quarter of 2018, segment reporting was changed by the split of the Infrastructure Management segment. The PSI Incontrol Group allocated to the former Infrastructure Management segment until 31 December 2017 and PSI Transcom GmbH were re-allocated to the Energy Management segment. PSI Polska Sp. z o.o., which was allocated to the former Infrastructure Management segment until 31 December 2017, was re-allocated to the Production Management segment.
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 proper accounting principles of interim consolidated reporting.
from 1 January 2018 until 30 September 2018 according to IFRS
| båÉêÖó= | mêçÇìÅíáçå= | |||||||
|---|---|---|---|---|---|---|---|---|
| j~å~ÖÉãÉåí= | j~å~ÖÉãÉåí= | oÉÅçåÅáäá~íáçå= | mpf=dêçìé= | |||||
| PMLMVL= OMNU= hbro= |
PMLMVL OMNTG hbro= |
PMLMVL OMNU= hbro= |
PMLMVL OMNTG hbro= |
PMLMVL OMNU= hbro= |
PMLMVL OMNTG hbro= |
PMLMVL= OMNU= hbro= |
PMLMVL= OMNT= hbro= |
|
| p~äÉë=êÉîÉåìÉë= | = | = | ||||||
| Sales to external customers |
68,922 | 64,259 | 72,633 | 68,793 | 0 | 0 | 141,555 | 133,052 |
| Inter-segment sales | 2,105 | 2,058 | 6,580 | 5,624 | –8,685 | –7,682 | 0 | 0 |
| pÉÖãÉåí=êÉîÉåìÉë= | TNIMOT | SSIPNT | TVIONP | TQIQNT | ÓUISUR | ÓTISUO | NQNIRRR= NPPIMRO= | |
| léÉê~íáåÖ=êÉëìäí== ÄÉÑçêÉ=áåíÉêÉëíI=í~ñI= ÇÉéêÉÅá~íáçå=~åÇ= ~ãçêíáë~íáçå |
RIVMP= | QIRPP | UINNP | TIUPO | ÓTPR | ÓVVN | NPIOUN= | NNIPTQ= |
| léÉê~íáåÖ=êÉëìäí=ÄÉÑçêÉ= ÇÉéêÉÅá~íáçå=~åÇ= ~ãçêíáë~íáçå=êÉëìäíáåÖ= Ñêçã=éìêÅÜ~ëÉ=éêáÅÉ= ~ääçÅ~íáçå= |
QIOTT= | OIVRR | SIVQO | SITPT | ÓTUV | ÓNIMQV | NMIQPM= | UISQP= |
| Depreciation and amortisation resulting from purchase price allocation |
–45 | –64 | –380 | –393 | 0 | 0 | –425 | –457 |
| léÉê~íáåÖ=êÉëìäí= | QIOPO= | OIUVN | SIRSO | SIPQQ | ÓTUV | ÓNIMQV | NMIMMR= | UINUS= |
| Net finance result | –309 | –495 | –253 | –260 | ÓPT | 104 | –599 | –651 |
| oÉëìäí=ÄÉÑçêÉ== áåÅçãÉ=í~ñÉë= |
PIVOP= | OIPVS | SIPMV | SIMUQ | ÓUOS | ÓVQR | VIQMS= | TIRPR= |
* The figures shown for 2017 differ from those in the report on the first nine months of 2017 due to changes made to the segment reporting (see Notes, page 12, Segment Reporting).
| 31 October 2018 | Report on the 3rd Quarter of 2018 |
|---|---|
| 26 to 28 November 2018 | German Equity Forum, Analyst Presentation |
| Karsten Pierschke | |
|---|---|
| Phone: | +49 30 2801-2727 |
| Fax: | +49 30 2801-1000 |
| E-Mail: | [email protected] |
We will be happy to include you in our distribution list for stockholder information. Please contact us should you require other information material. For the latest IR information, please visit our website at www.psi.de/ir.
PSI Software AG
Dircksenstraße 42-44 10178 Berlin Germany Phone: +49 30 2801-0 Fax: +49 30 2801-1000 [email protected] www.psi.de
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.