DGAP-News: PSI Increases New Orders and Earnings in First Quarter
(firmenpresse) - DGAP-News: PSI Aktiengesellschaft / Key word(s): Quarter Results
PSI Increases New Orders and Earnings in First Quarter
26.04.2011 / 09:03
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PSI Increases New Orders and Earnings in First Quarter
- New orders increase by 20 % to 54 million Euros
- Group sales increase by 4 % to 38.8 million Euros
- EBIT increases by 19 % to 2.1 million Euros
The PSI Group increased its EBIT by 19 % to 2.1 million Euros in the first
quarter of 2011 (31 March 2010: 1.8 million Euros). Its group net earnings
after interest and taxes were, at 1.4 million Euros, 21 % above the value
for the previous year (31 March 2010: 1.2 million Euros). Group sales
increased by 4 % to 38.8 million Euros (31 March 2010: 37.1 million Euros).
New orders increased compared to the previous year by 20 % to 54 million
Euros (31 March 2010: 45 million Euros).
Energy Management (electricity, gas, oil, heat) achieved 3 % higher sales
of 16 million Euros in the first quarter (31 March 2010: 15.5 million
Euros). The EBIT for the segment was 1.5 million Euros, as in the previous
year. The gas and oil business continued its good development from the
previous year and again obtained important follow-up contracts in Russia.
The electrical energy business continued to invest in functions for the
intelligent grid control and obtained an important new customer in the
German market.
Sales in Production Management (raw materials, industry, logistics) were,
at 18.5 million Euros, 19 % above the value for the previous year (31 March
2010: 15.5 million Euros). The EBIT increased to 0.8 million Euros (31
March 2010: 0.2 million Euros). PSI expects further increases in sales and
improvements in the EBIT in this segment as a result of follow-up contracts
and sales of licenses for the new raw materials extraction control system.
In Infrastructure Management (transportation and security) sales decreased
by 29 % to 4.3 million Euros (31 March 2010: 6.1 million Euros) due to
project cycles and the sale of the telecommunications business at the end
of the year. As in the previous year, the segment had an EBIT of 0.3
million Euros. In this segment PSI has been awarded major contracts in
Thailand and Malaysia, which will lead to increases in sales and EBIT in
the coming quarters.
The number of employees in the Group increased slightly as of 31 March 2011
to 1,419 (31 March 2010: 1,398), the order book volume in the Group
increased to 116 million Euros compared to the same quarter last year (31
March 2010: 105 million Euros). The cash flow from operating activities
improved to 2.6 million Euros (31 March 2010: -0.8 million Euros), so that
cash and cash equivalents rose to 32.2 million Euros (31 March 2010: 19.6
million Euros).
In the first quarter PSI continued to invest in products for the upcoming
technical revolution in the medium and low-voltage grids of customers in
the electrical industry. The management is currently investigating
acquisition targets and investment opportunities in the fields of
intelligent electrical grids and energy efficiency.
In the first quarter PSI enjoyed a continued increase in the number of
sales enquiries domestically and in exports to Asia. As a result of the
increased demand and the higher volume of orders, the management has
reinforced its annual goals and expects continued increases in sales and
EBIT in the coming quarters.
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
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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121297 26.04.2011
Datum: 26.04.2011 - 09:03 Uhr
Sprache: Deutsch
News-ID 33870
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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