DGAP-News: PSI Invests More in Industry 4.0 and Export in First Six Months
(firmenpresse) - DGAP-News: PSI Aktiengesellschaft / Key word(s): Half Year
Results/Quarter Results
PSI Invests More in Industry 4.0 and Export in First Six Months
30.07.2013 / 08:51
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PSI Invests More in Industry 4.0 and Export in First Six Months
- With 109 million Euros, new orders 24% higher than sales
- Group sales increase by 2% to 87.7 million Euros
- EBIT 31% below previous year at 3.5 million Euros due to development
expenses
PSI Group increased its sales in the first half of 2013 by 2% to 87.7
million Euros (30 June 2012: 85.7 million Euros). The EBIT was, with 3.5
million Euros, 31% below the figure for the previous year (30 June 2012:
5.1 million Euros). As a result of higher deferred taxes, the group net
result decreased to 1.7 million Euros (30 June 2012: 4.1 million Euros).
New orders of 109 million Euros were 4% below those of the previous year
(30 June 2012: 114 million Euros), the order book volume on 30 June
decreased to 137 million Euros (30 June 2012: 142 million Euros). In the
previous year, there were two important new orders in the second quarter
with a total volume of 10 million Euros and a licensing of over 2 million
Euros.
Energy Management (gas, oil, electricity, heat, energy trading) had 3%
lower sales of 29.7 million Euros (30 June 2012: 30.7 million Euros) in the
first six months. The EBIT for the segment was, with 0.6 million Euros
considerably lower than the result for the previous year (30 June 2012: 1.7
million Euros). The gas and oil business continued its very good
development; the energy trading systems business improved its result. The
electrical energy business invested very heavily in multilingualism,
support of Asian characters, client capability, voltage stability
optimisation and other important special functions for the export to Asia.
This should reduce the dependency on the German market that is still marked
by the wait-and see attitude due to the energy transition.
Sales in Production Management (raw materials, industry, logistics) were,
at 43.2 million Euros in the first six months, slightly below the figure
for the previous year (30 June 2012: 43.7 million Euros). The EBIT
decreased by 37% to 1.9 million Euros (30 June 2012: 3.0 million Euros).
The metals and manufacturing industry businesses continued their good
development. In the metals industry, PSI profited with orders from North
America resulting from the strongly reduced energy prices as a consequence
of shale gas that is leading to significant investments in the steel and
aluminium industry in the US. Production Management was burdened by the
investments in software for the optimisation and control of larger
logistics networks that are well over budget and a functional prototype for
highly flexible graphically modelled business process and production flow
control that are extremely important for the implementation of the Industry
4.0 concept. PSI is significantly involved in a number of research projects
for the Industry 4.0 initiative of the German government.
Infrastructure Management (transportation and security) increased sales by
31% to 14.8 million Euros (30 June 2012: 11.2 million Euros). The EBIT for
the segment increased significantly to 1.7 million Euros (30 June 2012: 1.1
million Euros). The business in Southeast Asia and Poland again developed
positively.
The number of employees in the Group increased as of 30 June 2013 to 1,667
(30 June 2012: 1,552) as a result of the expansion of capacity in the
export markets. Cash flow from operating activities improved by 61% to -1.6
million Euros (30 June 2012:
-4.1 million Euros). Liquidity decreased as a result of, amongst other
things, the repayment of a short-term loan and by the 0.8 million Euros
higher dividend to 23.9 million Euros (30 June 2012: 25.8 million Euros).
PSI will continue to make additional developmental efforts in the third
quarter that will offer many extremely attractive opportunities for orders
in North America and Asia in the fourth quarter. As reported at the General
Meeting, PSI sees 2013 as a year of transition with strong investments in
technology, a change in the commercial management and the implementation of
a new financial accounting and administration system. In connection with
the winning of major contracts, the expectations for the year will become
more concrete in the course of the fourth quarter.
On the basis of its own software products, PSI AG develops and integrates
complete solutions for energy management (gas, oil, electricity, heat,
energy trading), production management (mining, metals, automotive,
mechanical engineering, logistics) and infrastructure management for
transport and safety. PSI was founded in 1969 and employs more than 1,600
persons worldwide. www.psi.de
PSI AG
Karsten Pierschke
Head of Investor Relations and
Corporate Communications
Dircksenstraße 42-44
10178 Berlin
Germany
Phone: +49 30 2801-2727
Fax: +49 30 2801-1000
E-Mail: KPierschke(at)psi.de
End of Corporate News
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30.07.2013 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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223242 30.07.2013
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Datum: 30.07.2013 - 08:51 Uhr
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