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PSI with continued growth in 1st half of 2009

28.07.2009

PSI Group increased its EBIT in the first six months of 2009 by 30 percent to 3.5 million Euros (first six months of 2008: 2.7 million Euros) compared with the same period of the previous year.

  • Group result increased by 36 percent to 2.6 million Euros
  • Sales increased by 13 percent to 65.3 million Euros
  • Increase in new orders of 9 percent, order backlog increased by 21 percent

The group result improved to 2.6 million Euros (first six months of 2008: 1.9 million Euros), group sales increased by 13 percent to 65.3 million Euros (first six months of 2008: 57.7 million Euros). The volume of new orders increased by 9 percent to 85 million Euros (first six months of 2008: 78 million Euros), the volume order backlog increased by 21 percent to 119 million Euros (30 June 2008: 98 million Euros).

The Energy Management segment (electricity, gas, oil, water, heat) achieved 12 percent higher sales of 28.8 million Euros (first six months of 2008: 25.4 million Euros). With an EBIT of 1.9 million Euros the segment once again had the largest operating contribution margin (first six months of 2008: 1.6 million Euros). In the second half of the year PSI expects the Energy Management segment to obtain major contracts, especially in export.

Sales in the Production Management segment (industry, logistics) were, at 30.1 million Euros, 22 percent above the value for the previous year (first six months of 2008: 24.7 million Euros). The EBIT increased compared to the previous year by 40 percent to 1.4 million Euros (first six months of 2008: 1.0 million Euros). Above all the sectors of metal production, raw materials extraction and manufacturing developed very positively. The focus here has primarily been on customer investments in efficiency of the industrial added-value processes, inventory optimisation and the shortening of throughput times.

In Infrastructure Management (transport, safety, telecommunications) sales decreased as a result of the smaller portion of hardware to 6.4 million Euros (first six months of 2008: 7.6 million Euros). The operating result increased to 0.3 million Euros (first six months of 2008: 0.2 million Euros).

The number of employees increased at 30 June 2009 with the acquisitions and targeted new hires to 1,256 (30 June 2008: 1,053).

The repeated increase of new orders was primarily in the segments Production Management and Infrastructure Management. PSI witnessed strong demand in Germany for solutions for rationalisation and improvement of the energy efficiency. Major orders in the Energy Management segment and a continued high demand for solutions for Production and Infrastructure Management are expected in exports in the second half of the year.

The current forecast for the EBIT has therefore been increased by 15 percent from 7.5 to more than 8.5 million Euros. The management will decide about a further increase of the EBIT forecast in the third quarter or upon the conclusion of strategically important major contracts.

PSI AG develops and integrates complete solutions, on the basis of its own software products, for the management of energy networks (electricity, gas, oil, heat, water), cross-company production management (metals, automotive, mechanical and plant engineering, logistics) and infrastructure management for telecommunications, transport and safety. PSI was founded in 1969 and employs 1,250 persons in the group.



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