DGAP-News: PSI 2012 with Strong Growth in Production and Infrastructure Segment
(firmenpresse) - DGAP-News: PSI Aktiengesellschaft / Key word(s): Final Results
PSI 2012 with Strong Growth in Production and Infrastructure Segment
15.03.2013 / 08:30
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PSI 2012 with Strong Growth in Production and Infrastructure Segment
- Group sales increase by 7% to 180.9 million Euros
- EBIT increased by 21% to 12.9 million Euros
- Earnings per share 28% higher at 0.60 Euro
The PSI Group had sales of 180.9 million Euros (2011: 169.5 million Euros)
in financial year 2012, an increase of 7%. The EBIT increased by 21% to
12.9 million Euros (2011: 10.7 million Euros). The group net result
increased by 27% to 9.4 million Euros (2011: 7.4 million Euros), the
earnings per share increased to 0.60 euro (2011: 0.47 euro). The new orders
were, at 188 million Euros, 8% above the previous year (2011: 174 million
Euros), the order book volume at the end of the year increased to 118
million Euros (2011: 112 million Euros).
Energy Management was primarily carried by the gas and oil business in
2012, while in the field of electrical energy the demand backlog continues
as a result of the German energy transition. Due to the fact that this
cannot be completely compensated by the export business, the sales in this
segment decreased by just about 10% to 62.3 million Euros (2011: 68.9
million Euros). The electrical energy business invested in the improvement
of the product character of its solutions and developed many new unique
selling points for the management of the fluctuation of renewable energies.
Encumbered by these expenses, the EBIT dropped to 3.2 million Euros (2011:
4.0 million Euros).
In Production Management, PSI increased sales in 2012 by 14% to 89.4
million Euros (2011: 78.6 million Euros). The EBIT increased by 20% to 6.6
million Euros (2011: 5.5 million Euros). The largest contribution to the
EBIT came from the metals and raw materials extraction business, followed
by production planning, logistics and optimisation. Following upon the
successful entry into the Chinese market in the previous year, the raw
materials extraction business won a strategically important major contract
from one of the largest Chinese coal mining companies.
With 29.2 million Euros, Infrastructure Management obtained a 32% increase
in sales in 2012 (2011: 22.1 million Euros). The EBIT increased by 39% to
4.3 million Euros (2011: 3.1 million Euros). All of the segment's business
units improved their result; the strongest growth in new orders was shown
by PSI Poland.
In 2012, PSI had expenditures totalling 17.9 million Euros for research and
development (2011: 16.2 million Euros). The new group-wide development
platform increasingly allows the strengths of all the business units to be
combined and at the same time to reduce costs. In the future the new
platform will also be employed more so than to date in the Energy and
Infrastructure business. In 2012, license sales as a measure of the product
character of the business increased by 23% to 17.4 million Euros (2011:
14.2 million Euros), maintenance sales increased by 15% to 40.6 million
Euros (2011: 35.3 million Euros).
The cash flow from operating activities decreased to 0.8 million Euros
(2011: 15.4 million Euros) as a result of the pre-financing of projects in
the Far East, liquidity at the end of the year was, at 33.3 million Euros,
slightly below the value for the previousyear (31 December 2011: 33.8
million Euros), still sufficient for the financing of organic growth and
targeted takeovers. The Management Board will propose a 20% higher dividend
of 0.30 Euro to the Annual General Meeting.
PSI will concentrate in the coming years to an even greater extent on
software products for efficient material and energy streams. With the
shortage of resources and increasing fluctuation of energy generation these
solutions and therefore leading software providers such as PSI will
continue to gain in value. For 2013 PSI is aiming for 200 million Euros in
new orders, a growth in sales to 190 million Euros and an increase of the
EBIT to 14 to 17 million Euros. With a strong beginning of 18% more new
orders compared to the previous year in the first two months of the new
financial year, PSI has already established a very solid basis for
achieving this goal.
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 1,600 persons worldwide. www.psi.de
PSI AG
Karsten Pierschke
Head of Communications and Investor Relations
Dircksenstraße 42-44
10178 Berlin
Phone: +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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204035 15.03.2013
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