DGAP-News: PSI Increases 2010 EBIT by 22% to 9.5 Million Euros
(firmenpresse) - DGAP-News: PSI Aktiengesellschaft / Key word(s): Final
Results/Preliminary Results
PSI Increases 2010 EBIT by 22% to 9.5 Million Euros
21.02.2011 / 09:24
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PSI Increases 2010 EBIT by 22% to 9.5 Million Euros
Operative cash flow increases to more than 13.1 million Euros
According to preliminary calculations, the PSI Group increased its EBIT in
2010 by 22% to 9.5 million Euros (2009: 7.8 million Euros). The EBITDA was
also increased by 22% to 13.9 million Euros (2009: 11.4 million Euros).
Group sales grew by 8% to more than 158 million Euros (2009: 147 million
Euros), the volume of new orders improved by 18% to 177 million Euros
(2009: 150 million Euros).
In 2010, PSI has exceeded the peek of the investments into near shoring and
the new, uniform technology and started the rollout in the Group's vertical
target markets. Results were also burdened by the development of new export
versions and the control system for mining. About 40% more than in previous
years was invested in research and development of software and processes
that will make energy networks and industrial solutions much more energy-
and resource-efficient. The export percentage of the new orders already
passed the 50% mark in 2010.
The cash flow from operations was increased significantly to 13.1 million
Euros (2009: 4.4 million Euros), liquidity at the end of the year increased
to 28.9 million Euros (31 December 2009: 20.8 million Euros) despite the
first-time payment of a dividend. Management board will propose to pay a
slightly higher dividend. PSI investigates acquisition targets and
investment opportunities in the smart grid and energy efficiency in
transport.
For 2011, PSI aims for 185 million Euros in new orders, a growth to over
170 million Euros and an increase of the EBIT to13 to 15 million Euros.
This target can be clearly exceeded with the commissioning of large rollout
contracts.
PSI AG develops and integrates complete solutions, on the basis of its own
software products, for the management of energy networks (electricity, gas,
oil, heat, water), cross-company production management (metals, automotive,
mechanical and plant engineering, mining, logistics) and infrastructure
management for transport and safety. PSI was founded in 1969 and employs
1,400 persons in the group. www.psi.de
Contact person:
PSI AG
Karsten Pierschke
Head of Investor Relations and
Corporate Communications
Dircksenstraße 42-44
10178 Berlin
Germany
Phone +49 30 2801-2727
Facsimile +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
Deutschland
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
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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112824 21.02.2011
Datum: 21.02.2011 - 09:24 Uhr
Sprache: Deutsch
News-ID 33252
Anzahl Zeichen: 0
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Kategorie:
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