DGAP-News: PSI Industry and Infrastructure Business Still Strong After 9 Months
(firmenpresse) - DGAP-News: PSI Aktiengesellschaft / Key word(s): Quarter
Results/Interim Report
PSI Industry and Infrastructure Business Still Strong After 9 Months
29.10.2012 / 09:20
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PSI Industry and Infrastructure Business Still Strong After 9 Months
- Group sales up 8 % to 126.7 million Euros
- EBIT increased by 20 % to 7.5 million Euros
- Group EBIT improves by 65 % to 5.5 million Euros
PSI Group increased its sales by 8 % to 126.7 million Euros in the first
nine months of 2012 (30 September 2011: 117.3 million Euros). The EBIT was
increased by 20 % to 7.5 million Euros (30 September 2011: 6.3 million
Euros), the Group net result improved by 65 % to 5.5 million Euros (30
September 2011: 3.4 million Euros). New orders increased compared to the
same period last year by 5 % to 145 million Euros (30 September 2011: 138
million Euros), the order book volume as of 30 September 2012 increased by
6 % to 132 million Euros (30 September 2011: 124 million Euros).
In Energy Management (electricity, gas, oil, heat) the electrical energy
business currently brings the new control system core to the market and
continues to invest into the expansion of international sales. The use of
group resources in Poland and important acceptances in complex export
projects had a positive effect. The development of smart telecontrol units
of a new type and reduced replacements of remote communication units caused
encumbrances. The gas and oil business continued the good development and
expects important orders in the 4th Quarter. Energy trading, which is only
active in the German speaking countries, invested in its product base and
has additional investment needs (Energy Data Management) as well as cost
reduction potential. Overall the sales of Energy Management dropped by 5 %
to 44.5 million Euros in the first nine months (30 September 2011: 47
million Euros). Despite the higher number of sales of licenses compared to
the previous year, the EBIT for the segment was, at 2.1 million Euros,
still well below the figure for the previous year (30 September 2011: 3.1
million Euros).
Sales in Production Management (raw materials, industry, logistics)
increased in the first nine months by 15 % to 64.2 million Euros (30
September 2011: 56.1 million Euros). The EBIT was improved by 25 % to 4.5
million Euros (30 September 2011: 3.6 million Euros). The business units of
metals and sequence optimisation again provided a major contribution to the
earnings and obtained further orders from large international customers.
Infrastructure Management (transportation and safety) increased sales by 26
% to 18 million Euros (30 September 2011: 14.2 million Euros). The
segment's EBIT more than doubled to 2 million Euros (30 September 2011: 1
million Euros). The largest contribution to earnings in this segment was
again provided by the international PSI subsidiaries in Poland and
Southeast Asia. In Southeast Asia PSI won a number of important contracts
and attained important acceptances in demanding pilot projects in the third
quarter.
The number of employees in the Group increased to 1,577 as of 30 September
2012 (30 September 2011: 1,466) primarily due to the expansion of capacity
in the export markets. The cash flow from operating activities was, for
project reasons, negative at -4.4 million Euros (30 September 2011: 6.6
million Euros), which iswhy liquidity decreased to 24.2 million Euros (30
September 2011: 29.6 million Euros).
The German energy market is experiencing a growing investment backlog. PSI
is strengthening international activities in the area of electrical energy
so as to become less dependent on the German market in the mid-term.
Production Management has a large order book volume and expects the dynamic
development to continue despite the cool-down in the steel industry. To
improve productivity and ergonomics, increased investments in the migration
of software applications of additional business units to the new,
group-wide uniform software basis will continue to be made in the coming
quarters.
The management expects, as in the previous years, a strong fourth quarter
and continues to aim for the annual targets of 190 million Euros for new
orders, close to 180 million Euros for sales and about 13 million Euros for
the EBIT.
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 more than 1,500 persons worldwide. www.psi.de
PSI AG
Karsten Pierschke
Head of Investor Relations and
Corporate Communications
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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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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190523 29.10.2012
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