22.03.2018
PSI Software AG DE000A0Z1JH9
DGAP-News: PSI Sells More Production and Logistics Software in 2017
DGAP-News: PSI Software AG / Key word(s): Final Results
PSI Sells More Production and Logistics Software in 2017
22.03.2018 / 09:02
The issuer is solely responsible for the content of this announcement.
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PSI Sells More Production and Logistics Software in 2017
- Sales grow by 5 % to 186.1 million euros
- EBIT increases by 13 % to 13.4 million euros
- Increase of dividend to 0.23 Euro planned
KPI (TEUR) 1 Jan. - 31 Dec. 1 Jan. - 31 Dec. Change
2017 2016
Sales 186,096 176,854 +5.2 %
EBIT 13,365 11,835 +12.9
%
Group net result 9,497 8,551 +11.1
%
Earnings per share 0.61 0.55 +14.6
(EUR) %
PSI Group increased its operating result (EBIT) to 13.4 million euros (31
December 2016: 11.8 million euros) in the 2017 financial year. The group net
result increased to 9.5 million euros (31 December 2016: 8.5 million euros),
earnings per share improved accordingly to 0.61 euros (31 December 2016:
0.55 euros). At 186.1 million euros, sales increased by 5.2 % compared to
the previous year (31 December 2016: 176.9 million euros). The main growth
drivers were software products for production and logistics and, after a
strong fourth quarter, the infrastructure segment. New orders of 190 million
euros were 4.4 % above the figure for the previous year (31 December 2016:
182 million euros), the volume of orders at the end of the year was slightly
below the previous year's value (31 December 2016: 129 million euros) at 128
million euros.
Energy Management (energy networks, energy trading) achieved constant sales
of 69.2 million euros despite the regulatory shadow year; the segment's
operating result improved by 3.4 % to 6.0 million euros (31 December, 2016:
5.8 million euros). Electrical energy was able to further increase new
orders, sales and earnings, while demand in gas and pipelines recovered only
slowly following the previous year's slump in oil prices. PSI intends to
grow faster again in 2018 with trend topics such as intelligent distribution
grids, grid management as a service, decentralized grid management, sector
coupling and charging infrastructure for electro-mobility.
Sales in Production Management (raw materials, metals production,
automotive, logistics) grew by 9.1 % to 91.9 million euros (31 December
2016: 84.2 million euros), operating profit increased by 21.1 % to 8.6
million euros (31 December 2016: 7.1 million euros). Raw material extraction
received the overall acceptance for the mining control system and improved
its result. In metals production, PSI continued the rollouts for large
corporate customers, received significant new orders from existing
customers, particularly from North America and China, and significantly
increased new orders, sales and earnings. Production and logistics delivered
an Industry 4.0-based software suite for the optimized production of
electric vehicles based on the group software platform. Automotive and
industry further increased earnings despite significant investments in a
completely new Manufacturing Execution System (MES) based on the JSCADA and
ASM standard modules. The logistics business grew dynamically, improved its
profitability and attained one of Germany's largest logistics service
providers as a new customer.
Infrastructure Management (transportation and safety) stopped the decline in
sales of previous years and grew by 6 % to 24.9 million euros (31 December
2016: 23.5 million euros). The growth was generated in the public transport
business, while in Asia at PSI Incontrol sales and earnings were burdened by
value adjustments on receivables from an integration partner and structural
measures in India, so that the overall operating result was negative at -0.4
million euros (31 December 2016: 0.1 million euros). In Southeast Asia, PSI
is pushing ahead with the expansion of the higher-margin software business,
especially in the sectors SmartCity, gas and logistics.
The number of employees in the group increased by 46 to 1,665 as of 31
December 2017 (31 December 2016: 1,619). Cash flow from operations decreased
to 1.2 million euros (31 December 2016: 13.3 million euros), mainly due to
significantly lower advance payments from Russian and German network
operators (shadow year). Cash and cash equivalents at the end of the year
were 38.1 million euros (31 December 2016: 43 million euros), so that PSI
still has sufficient funds for targeted acquisitions. As approved by the
Supervisory Board, the Board of Directors will recommend a dividend of 0.23
euros (previous year: 0.22 euros) to the Annual General Meeting.
In 2017, PSI continued the technological and operational transformation from
a regional contract developer to an international software product house for
controlling and optimizing energy and material flows. Following the
conversion of the production management products, all non-real-time products
in the energy segment will now be converted to the group technology
platform, whereby the PSI Click-Design Technology developed for customers
reduces the effort. At the end of the year, PSI put high availability,
high-performance and scalable application hosting into operation (PSI
Cloud), since established cloud providers do not provide sufficient
availability and real-time guarantees.
Following the increase in maintenance and upgrade contracts to 57.9 million
euros (31 December 2016: 52.4 million euros), license revenues are expected
to increase again in 2018 not only operationally but also through
modernization of contract and perception practices. Overall, the PSI Board
of Directors expects an increase in sales in the upper single-digit
percentage range for 2018 and a low double-digit improvement in the EBIT.
On the basis of its own software products, PSI Group develops and integrates
complete solutions for energy management (energy networks, energy trading),
production management (mining, metals, automotive, mechanical engineering,
logistics) and infrastructure management for transport and safety. PSI was
founded in 1969 and employs more than 1,650 people worldwide. www.psi.de
Contact:
PSI Software AG
Karsten Pierschke
Leiter Investor Relations und
Konzernkommunikation
Dircksenstraße 42-44
10178 Berlin
Deutschland
Tel. +49 30 2801-2727
Fax +49 30 2801-1000
E-Mail: [email protected]
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22.03.2018 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.
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Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: PSI Software AG
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, Tradegate Exchange
End of News DGAP News Service
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