DGAP-News: PSI Obtains Record Number of New Orders in First Quarter
(firmenpresse) - DGAP-News: PSI Aktiengesellschaft / Key word(s): Quarter Results
PSI Obtains Record Number of New Orders in First Quarter
26.04.2012 / 09:01
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PSI Obtains Record Number of New Orders in First Quarter
- New orders increase by 28 % to 69 million Euros
- Group sales increase by 5 % to 40.8 million Euros
- EBIT stable at 2.04 million Euros, annual targets affirmed
PSI Group obtained a record number of new orders of 69 million Euros in the
first quarter of 2012 (31 March 2011: 54 million Euros). Group sales
increased by 5 % to 40.8 million Euros (31 March 2011: 38.8 million Euros),
the order book volume increased as of 31 March 2012 by 21 % to 140 million
Euros (31 March 2011: 116 million Euros). The EBIT in the first quarter of
2012 was, with 2.04 million Euros, stable (31 March 2011: 2.09 million
Euros), the Group result was, at 1.3 million Euros, slightly below the
value for the previous year (31 March 2011: 1.4 million Euros).
Energy Management (electricity, gas, oil, heat) had stable sales of 15.8
million Euros (31 March 2011: 16 million Euros) in the first quarter. The
EBIT was, at 0.8 million Euros, well below the value for the previous year
(31 March 2011: 1.5 million Euros). The gas and oil business continued its
very good development and again obtained important orders from Russia. The
electrical energy segment continued to be encumbered by the development
work for the energy shift and expects larger orders with the change of the
year.
Sales in Production Management (raw materials, industry, logistics) were,
at 20.8 million Euros, 12 % above the value for the previous year (31 March
2011: 18.5 million Euros). The EBIT increased by 50 % to 1.2 million Euros
(31 March 2011: 0.8 million Euros). The metals industry segment had large
international orders and again provided the largest contribution to the
result.
In Infrastructure Management (transportation and security), sales remained
about constant at 4.2 million Euros (31 March 2011: 4.3 million Euros). The
EBIT for the business increased to 0.4 million Euros (31 March 2011: 0.3
million Euros). PSI Poland developed especially positively while the public
transportation segment obtained important follow-up orders from German
customers.
The number of employees in the Group increased as of 31 March 2012,
primarily due to the growth in exports, to 1,517 (31 March 2011: 1.419).
The cash flow from operating activities was again positive at 1.8 million
Euros (31 March 2011: 2.6 million Euros), liquidity increased to 35.3
million Euros (31 March 2011: 32.2 million Euros).
With the acquisition of the Swiss Time-steps AG in the first quarter, PSI
set another strong signal in the smart grid and smart energy market. The
Time-steps AG optimisation model allows for the optimal use of energy
storage, which will play an increasingly important role for the integration
of renewable energies. The management is considering other targets for
acquisition, especially in the field of energy.
As a result of the high volume of new orders since the beginning of the
year, the management remains confident that the annual targets of 190
million Euros in new orders, 180 million Euros in sales and 13-16 million
Euros EBIT will be attained. In the coming quarters PSI expects further
improvements in the EBIT as a result of licenses from the current orders
and further orders with a high percentage of licenses.
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
Germany
Tel. +49 30 2801-2727
Fax +49 30 2801-1000
E-Mail: KPierschke(at)psi.de
End of Corporate News
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26.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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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(at)psi.de
Internet: www.psi.de
ISIN: DE000A0Z1JH9
WKN: A0Z1JH
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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