DGAP-News: P&I Personal&Informatik AG: Strong first half-year confirms growth strategy
(firmenpresse) - DGAP-News: P&I Personal&Informatik AG / Key word(s): Half Year
Results
P&I Personal&Informatik AG: Strong first half-year confirms growth
strategy
14.11.2013 / 09:00
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* Revenue growth of 15.0%
* EBIT margin rises to 33.5%
P&I Personal&Informatik AG (PUIG.F, Frankfurt Stock Exchange) generated
revenue of EUR 45.4 million and EBIT of EUR 15.2 million, the best result
in the company's history, in the first half of its financial year (April 1
to September 30, 2013). Revenue rose by 15.0% and the EBIT margin climbed
by 44.4% to 33.5%. EBITDA amounted to EUR 16.3 million (previous year: EUR
11.9 million). The P&I Group reported a DFVA/SG result of EUR 12.2 million
(previous year: EUR 8.6 million). The Group employed an average of 379
people (FTEs).
'Our users can hardly imagine a life without smartphones, and expect
correspondingly innovative applications in software to support their
business processes. The market expects digital products that are easy to
manage and that have an intuitive interface. It is precisely this
requirement profile that the innovation strategy we defined three years ago
is targeting. The focus is on the mobility of our digital service for all
aspects of our software. Our customers have the choice of whether they want
to work on-premises or in a public or private cloud,' explained Vasilios
Triadis, P&I's CEO. 'The figures for the first half of our financial year
confirm that our growth strategy is right. We are satisfied with our
results and are growing in all areas.'
Consolidated revenue for the first half of the year climbed by 15.0%
year-on-year to EUR 45.4 million (previous year: EUR 39.5 million). Licence
business expanded strongly by EUR 2.8 million as against the previous year
to EUR 13.0 million in the first half of the year, accounting for a share
of 29% of the Group's total revenue. Service business also performed very
well, up significantly on the same period of the previous year at EUR 12.0
million (EUR 10.7 million). 26% of total revenue in the P&I Group was
generated in this business area. Maintenance business developed in line
with planning and amounted to EUR 17.5 million (previous year: EUR 16.8
million). 38% of the P&I Group's revenue is generated in recurring
maintenance business.
The P&I Group is reporting SaaS (software as a service) as a separate
revenue category for the first time in the 2013/2014 financial year
(previously under other revenue). SaaS business developed dynamically with
growth of 80% as against the previous year and, taking into account the
prior-year adjustment, climbed from EUR 1.0 million to EUR 1.8 million.
P&I generated EUR 35.2 million (previous year: EUR 29.5 million) or 77% of
its revenue in Germany. The increase in revenue is essentially due to the
growth in licence revenue. At EUR 10.2 million, international revenue was
slightly higher than the previous year's level (EUR 10.0 million).
On the basis of the results for the first half of the year, the Management
Board is raising its previous forecast for the 2013/2014 financial year of
total revenue in a range of EUR 86 to EUR 90 million and an EBIT margin on
par with the 2012/2013 financial year. The Management Board now anticipates
total revenue in a range of EUR 88 to EUR 92 million and licence revenue of
EUR 25 million. Under these conditions and with further moderate increases
in costs, an EBIT margin at the same level as for the first half of the
year is realistic.
End of Corporate News
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Language: English
Company: P&I Personal&Informatik AG
Kreuzberger Ring 56
65205 Wiesbaden
Germany
Phone: +49 (0) 611 7147-0
Fax: +49 (0) 611 7147-125
E-mail: aktie(at)pi-ag.com
Internet: www.pi-ag.com
ISIN: DE0006913403
WKN: 691340
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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239694 14.11.2013
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