19.03.2015
PSI Aktiengesellschaft für Produkte und Systeme der Informationstechnologie DE000A0Z1JH9
DGAP-News: PSI in 2014 with Significant Rebound in EBIT and Cash Flow
DGAP-News: PSI Aktiengesellschaft für Produkte und Systeme der
Informationstechnologie / Key word(s): Final Results
PSI in 2014 with Significant Rebound in EBIT and Cash Flow
19.03.2015 / 08:57
---------------------------------------------------------------------
PSI in 2014 with Significant Rebound in EBIT and Cash Flow
- New orders and group sales on the level of the previous year
- EBIT increases by 72% to 7.2 million Euros
- Group net result increases tenfold to 4.1 million Euros
- Operating cash flow improves from -0.1 million to 24.1 million Euros
The PSI Group attained approximately constant sales of 175.4 million Euros
(2013: 176.3 million Euros) in financial year 2014. The new orders were,
with 184 million Euros (2013: 185 million Euros), also about constant, the
order book volume at the end of the year increased to 120 million Euros
(2013: 118 million Euros). A lower volume of export licenses from the BRIC
countries contrasted with a clear rebound in the energy business. The EBIT
increased by 72% to 7.2 million Euros (2013: 4.2 million Euros) despite
greater expenses and write-offs in the post projects that have in the
meantime been completed. The group net result increased by tenfold to 4.1
million Euros (2013: 0.4 million Euros), the earnings per share increased
correspondingly to 0.26 Euro (2013: 0.02 Euro).
Despite the weak economic environment, Energy Management in 2014 was marked
by the continued good development in the oil and gas business and by the
improvement in electrical energy, where high product investments in recent
years start to pay off. Sales in the segment increased by 5.2% to 64.2
million Euros (2013: 61.0 million Euros). The EBIT improved to 4.0 million
Euros (2013: 0.6 million Euros). The energy trading business re-implemented
the gas management software and merged this with the power trading software
that had previously been migrated to the group platform.
In Production Management sales decreased in 2014 by 5.4% to 79.6 million
Euros (2013: 84.1 million Euros). The segments' EBIT increased from 1.4
million Euros in the previous year to 2.2 million Euros. The largest
earnings contribution came from the metals industry business. PSI again
used a weak steel market phase for the acquisition of a strong competitor
(Broner Metals Solutions Ltd., Watford, United Kingdom). The mechanical
engineering and automotive business increased its good result from the
previous year and demonstrated international sales successes. The logistics
business completed the very complex transport management pilot project at
the Swiss Postal Service and did the final write-off on another old project
that had been cancelled in 2013.
Infrastructure Management attained, with 31.6 million Euros in 2014, higher
sales of 1% (2013: 31.3 million Euros). The EBIT decreased to 2.2 million
Euros (2013: 3.3 million Euros). The Asian PSI Incontrol provided a
positive contribution to the result, although the business in Southeast
Asia decreased significantly compared to the previous year due to the
political problems in Thailand. The public transportation business
displayed large new orders from regular customers in Germany and new
customers in Switzerland. PSI Poland with growing sales from Eastern Europe
again showed a good result.
With the completion of major projects, the cash flow from operating
activities improved strongly to 24.1 million Euros (2013: -0.1 million
Euros), cash at the end of the year increased despite the acquisition to
29.3 million Euros (31 December 2013: 21.8 million Euros). To further
strengthen the company equity, the Management Board will propose to the
Annual General Meeting with the approval of the Supervisory Board, to
transfer the full result to the reserves and to start again with dividend
payments in the next year.
PSI counters weak commodity prices, business climates and currencies in the
BRIC countries with more exports to the United Kingdom, North America and
Switzerland. For 2015 the management aims to increase the volume of new
orders and the group sales in the mid-single-digit range and for an EBIT of
11 million Euros.
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 1,700 persons
worldwide. www.psi.de
PSI AG
Karsten Pierschke
Head of Investor Relations and
Corporate Communication
Dircksenstraße 42-44
10178 Berlin
Germany
Phone +49 30 2801-2727
Fax +49 30 2801-1000
E-Mail: [email protected]
---------------------------------------------------------------------
19.03.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: PSI Aktiengesellschaft für Produkte und Systeme der
Informationstechnologie
Dircksenstraße 42-44
10178 Berlin
Germany
Phone: +49 (0)30 2801-0
Fax: +49 (0)30 2801-1000
E-mail: [email protected]
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
---------------------------------------------------------------------
334815 19.03.2015
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
PSI Aktiengesellschaft für Produkte und Systeme der Informationstechnologie ISIN: DE000A0Z1JH9 können Sie bei EQS abrufen
Software , A0Z1JH , PSAN , XETR:PSAN