DGAP-News: PSI Aktiengesellschaft für Produkte und Systeme der
Informationstechnologie / Key word(s): Quarter Results/Interim Report
PSI Increases New Orders, Sales and EBIT in First Quarter of 2015
28.04.2015 / 09:16
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PSI Increases New Orders, Sales and EBIT in First Quarter of 2015
- New orders improve by 11 % to 62 million Euros
- Group sales increase by 6 % to 43.2 million Euros
- Group net result increases by 18 % to 1.4 million Euros
The PSI Group obtained 6 % higher sales of 43.2 million Euros in the first
quarter of 2015 (31 March 2014: 40.8 million Euros). The EBIT improved by 4
% to 2.2 million Euros (31 March 2014: 2.1 million Euros), the group net
result increased by 18 % to 1.4 million Euros (31 March 2014: 1.2 million
Euros). New orders improved by 11 % to 62 million Euros (31 March 2014: 56
million Euros), the order book volume on 31 March 2015 was, with 139
million Euros, 8 % above the value for the previous year (31 March 2014:
129 million Euros).
Energy Management (gas, oil, electricity, heat) attained 2 % higher sales
of 15.6 million Euros (31 March 2014: 15.3 million Euros) in the first
quarter. The EBIT for the segment increased slightly compared to the
previous year to 0.84 million Euros (31 March 2014: 0.78 million Euros).
The electrical energy business was able to once again increase its new
orders; the oil and gas business won an additional contract in Russia and
continued its strong performance of the previous years despite the tight
market situation. In energy trading, the result was burdened by investments
in the renewal and combination of the energy trading software for gas and
power, which will continue until the first quarter of 2016.
Sales in Production Management (raw materials, industry, logistics) in the
first three months were, with 21.6 million Euros, 14 % above the figure for
the previous year (31 March 2014: 18.9 million Euros). The EBIT increased
by 50 % to 1.5 million Euros (31 March 2014: 1.0 million Euros), despite
ongoing investments in the software for raw material extraction until the
end of year. The steel industry is still in a bear market and it is not yet
clear, whether early cyclical orders before year end could secure the
annual target of the PSI metals business. In particular, the market for
fracking and pipeline tubes, which is of importance for PSI, has to cope
with an oil-price-induced slump. Orders from the aluminium industry, which
currently enjoys a boom driven by the lightweight manufacturing initiative
in the US, could compensate that effect. The automotive/mechanical
engineering and logistics businesses were able to significantly improve
their results in a recovering home market.
In Infrastructure Management (transportation and security), sales decreased
by 10 % to 6.0 million Euros (31 March 2014: 6.6 million Euros), primarily
due to the still poor development in Southeast Asia. The EBIT for the
segment therefore dropped to 0.2 million Euros (31 March 2014: 0.6 million
Euros). The public transportation business in Germany developed still
positively. In Poland PSI expects important contracts in the energy segment
in the second quarter.
The number of employees in the group increased to 1,718 (31 March 2014:
1,704) on 31 March 2015 as a result of the takeover completed in November
2014. The cash flow from normal operations was still positive due to
maintenance payments; but, with 1.5 million Euros, was below the figure for
the previous year (31 March 2014: 4.2 million Euros). The Liquidity, which
rose to 31.6 million Euros (31 March 2014: 24.4 million Euros), is still of
high importance for the financing of sales.
PSI expects important contracts to be awarded in Southeast Asia in the
coming quarters as well as growth in the German market for energy solutions
and an increasing demand for new solutions in the fields of automotive and
logistics as a result of the Industrial Internet ("Industrie 4.0") boom.
PSI has countered the continuing low cost of raw materials, weak economies
and currencies in the BRIC countries with an increase in exports to Great
Britain, North America and Switzerland. Management is committed to the
objectives formulated in the 2014 Annual Report.
PSI AG develops and integrates complete solutions, on the basis of its own
software products, for the management of energy networks (gas, oil,
electricity, heat, energy trading), production management (raw material
production, metals, automotive, mechanical engineering, mining, logistics)
and infrastructure management for transport and safety. PSI was founded in
1969 and employs 1.700 people in the group. www.psi.de
PSI AG
Karsten Pierschke
Head of Investor Relations and
Corporate Communication
DircksenstraÃe 42-44
10178 Berlin
Germany
Phone +49 30 2801-2727
Fax +49 30 2801-1000
E-Mail: KPierschke@psi.de
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28.04.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
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Language: English
Company: PSI Aktiengesellschaft für Produkte und Systeme der
Informationstechnologie
DircksenstraÃe 42-44
10178 Berlin
Germany
Phone: +49 (0)30 2801-0
Fax: +49 (0)30 2801-1000
E-mail: ir@psi.de
Internet: www.psi.de
ISIN: DE000A0Z1JH9
WKN: A0Z1JH
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News-Service
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349461 28.04.2015
DGAP-News: PSI Increases New Orders, Sales and EBIT in First Quarter of 2015
| Source: EQS Group AG