26.04.2018
PSI Software AG DE000A0Z1JH9
DGAP-News: PSI with Record Level of New Orders in the First Quarter
DGAP-News: PSI Software AG / Key word(s): Quarter Results/Quarterly /
Interim Statement
PSI with Record Level of New Orders in the First Quarter
26.04.2018 / 09:37
The issuer is solely responsible for the content of this announcement.
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PSI with Record Level of New Orders in the First Quarter
- New orders with 19 % increase to 93 million euros thanks to energy and
public transportation business
- EBIT increased by 7 % to 2.8 million euros, Group Net Result increased by
8 % to 1.9 million euros
- New segment structure reproduces synergies between energy and traffic
Performance indicators 1 Jan. - 31 March 1 Jan. - 31 March Chang-
(TEUR) 2018 2017 e
Sales 45,745 43,784 +4.5
%
EBIT 2,786 2,607 +6.9
%
Group Net Result 1,921 1,775 +8.2
%
Earnings per share (EUR) 0.12 0.11 +9.1
%
PSI Group increased new orders in the first quarter of 2018 by 19 % to the
record value of 93 million euros (31 March 2017: 78 million euros). The
order book volume on 31 March 2018 was, with 174 million euros, about 7 %
above the value for the previous year (31 March 2017: 163 million euros).
Group sales improved primarily thanks to the growth in the field of
electrical grids by just about 5 % to 45.7 million euros (31 March 2017:
43.8 million euros). The EBIT increased by 7 % to 2.8 million euros (31
March 2017: 2.6 million euros), the Group Net Result improved by 8 % to 1.9
million euros (31 March 2017: 1.8 million euros).
Energy Management, which, as of the first quarter of 2018 consists of the
areas energy grids, energy trading, public transportation and the
South-Asian business, achieved 11 % higher sales of 22.4 million euros (31
March 2017: 20.2 million euros) in the first quarter. The EBIT for the
business improved compared to the previous year to 1.1 million euros (31
March 2017: 0.9 million euros). Electrical grids showed a strong increase in
new orders, in particular due to the rollout of the GLDPM module (Generation
and Load Data Provision Methodology), which, with the data exchange between
the distribution grid operators and the transmission grid operators, also
provides the basis for distribution grid autopilots. The gas and oil
business saw a drop in the backlog of demand in the oil-producing countries
following the increase in the price of oil. In Russia, however, the awarding
of some contracts for gas networks and metals production has been delayed as
a result of sanctions. In Southeast Asia, PSI had a significant recovery of
both sales and profits. In the public transportation business, PSI won an
important contract from the operator of the Berlin underground, BVG.
Sales in Production Management (raw materials, industry, logistics), which
as of the first quarter also includes the Polish business, were, with 23.3
million euros, just slightly below the figure for the previous year (31
March 2017: 23.5 million euros). The market launch of PSIpenta ERP and POM
(Production Order Management), that have also been migrated to the PSI Java
Platform, and MES (Manufacturing Execution System) that has been recently
reimplemented based on group standard modules still requires resources. This
business should be heading for growth with regular customers as well as new
customers starting in the summer. The EBIT for the segment was improved by 4
% to 2.1 million euros (31 March 2017: 2.0 million euros). The metals
industry business significantly increased its volume of new orders in the
USA, in the automobile industry PSI obtained an important contract for
completing a production suite in electrical vehicle production. Above all,
artificial intelligence, metals and logistics contributed to the increase in
profits. The integrated production and logistic process in the production of
electrical vehicles as well as comprehensive practical examples from the
industrial application of artificial intelligence are currently being
presented at the 2018 Hannover Trade Fair.
Despite the adjustments in India, the number of employees increased to 1,701
as of 31 March 2018 (31 March 2017: 1,613). The focus of new recruiting was
once again in Germany and other industrial countries in Europe and North
America. The cash flow from operating activities was characterized by
changes in working capital and improved significantly to 6.3 million euros
(31 March 2017: -0.2 million euros). Liquidity, which increased slightly to
42.6 million euros (31 March 2017: 42.2 million euros), will be used for the
proposed dividend payment, sales financing in the seasonal business and for
the financing of targeted acquisitions. PSI will increase maintenance
earnings, upgrade and cloud sales to over 60 million euros in 2018.
In the upcoming quarters, PSI expects to continue the positive trend in
orders in industrialized countries and will therefore double its capacity in
the USA to 50 employees. In the raw materials exporting countries the
backlog in demand will continue to be reduced; in Germany, PSI expects new
orders to continue to increase in the energy sector in advance of the coming
regulatory base years.
Overall, the PSI management continues to forecast growth in the upper
single-digit range for 2018. In view of the current general conditions, the
management now expects an EBIT with double-digit growth to over 15 million
euros.
Based on its own software products, PSI Group develops and integrates
complete solutions for optimizing the flow of energy and materials for
utilities (energy networks, energy trading, public transport) and industry
(mining, metals production, automotive, mechanical engineering, logistics).
PSI was founded in 1969 and employs more than 1,700 people worldwide.
www.psi.de
Contact:
PSI AG
Karsten Pierschke
Head of Investor Relations andCorporate Communication
Dircksenstraße 42-44
10178 Berlin
Germany
Phone +49 30 2801-2727
Fax +49 30 2801-1000
Email: [email protected]
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26.04.2018 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.
The DGAP Distribution Services include Regulatory Announcements,
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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