26.07.2018
PSI Software AG DE000A0Z1JH9
DGAP-News: PSI with 8 % Increase in Sales in First Six Months
DGAP-News: PSI Software AG / Key word(s): Half Year Results/Quarter Results
PSI with 8 % Increase in Sales in First Six Months
26.07.2018 / 09:41
The issuer is solely responsible for the content of this announcement.
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PSI with 8 % Increase in Sales in First Six Months
- New orders increased by 22 % compared to previous year
- EBIT increased by 8 % to 6.2 million euros, group net result by 41 % to
4.3 million euros
- Strong growth in energy grids and recovery in Southeast Asia
Performance indicators 1 Jan. - 30 June 1 Jan. - 30 June Change
(TEUR) 2018 2017
Sales 94,571 87,568 +8.0 %
EBIT 6,153 5,684 +8.3 %
Group EBIT 4,277 3,043 +40.6
%
Earnings per share (EUR) 0.27 0.19 +42.1
%
PSI Group increased its new orders by 22 % to 135 million euros in the first
six months of 2018 (30 June 2017: 111 million euros). The order book volume
on 30 June 2018 was, with 165 million euros, 11 % above the value for the
previous year (30 June 2017: 148 million euros). The group sales improved by
8 % to 94.6 million euros (30 June 2017: 87.6 million euros), primarily as a
result of the strong growth in the electrical grids business. The EBIT
increased by 8 % to 6.2 million euros (30 June 2017: 5.7 million euros), the
group net result improved by 41 % to 4.3 million euros (30 June 2017: 3
million euros) as a result of significantly improved financial earnings and
lower deferred taxes.
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 12 % higher sales of 46.9 million euros (30
June 2017: 41.9 million euros) in the first six months. The EBIT for the
business improved compared to the previous year to 2.5 million euros (30
June 2017: 2.2 million euros). The electrical grids business won other major
contracts, especially from regular German customers like the Deutsche Bahn,
and had a strong increase in new orders and sales. The gas and oil business
completed the pilot project Upgradeability of Gas Control Systems and won
rollout orders from regular central European customers. In the energy
trading systems business, PSI won key accounts from a competitor who left
the market. The PSI subsidiary in Southeast Asia provided a positive EBIT
with increasing new orders and sales. In the field of public transportation,
PSI won an important initial pilot order for depot/charging infrastructure
management and in July 2018 acquired the planning software manufacturer
Moveo Software GmbH.
Sales in Production Management (raw materials, industry, logistics), which
as of the first quarter also includes the Polish business, were, with 47.6
million euros, 4 % (first quarter -1 %, second quarter +10 %) above the
figure for the previous year (30 June 2017: 45.7 million euros). The EBIT
improved slightly to 4.3 million euros (30 June 2017: 4.2 million euros). In
the metal industry, PSI management expects increased new orders from
shifting production as a result of the new tariffs as well as investments in
quality and is therefore doubling the size of the team in the USA. The
automotive and mechanical engineering business completed demanding
development jobs in the first six months, amongst which were the pilot
developments for the production planning system that was migrated to the PSI
Java platform, the integration of the sequential optimization and the new
Business Process Management (BPM) based production control for the e.GO
mobile electrical vehicles. Logistics won a major airport logistics contract
and invested in an expansion of capacity. By moving into a building that
allows for growth, the EBIT was slightly encumbered by the costs of moving
and lost working hours. To take advantage of the boom in Internet trading
that is occurring not only in Germany and Poland, the logistics sales and
services are also being expanded to the PSI sites in Great Britain and
Southeast Asia.
The number of employees on 30 June 2018 had increased to 1,722 (30 June
2017: 1.626). The focus on new hires was again in Germany and other
industrialized countries in Europe and North America. The cashflow from
normal operations was characterized by the changes in the working capital
and improved significantly to 5.0 million euros (30 June 2017: -5.7 million
euros). Despite the higher dividend, liquidity increased slightly to 35.8
million euros (30 June 2017: 34.6 million euros). PSI continues to be
interested in manageable and suitable acquisitions.
The transformation to a product-upgrade-based business model and the rollout
of the PSI Java platform made progress in the second quarter. PSI invested
in open-source, powerful and inexpensive databases (PostgreSQL), to become
more independent and increase margins. With the investment in the expansion
of capacity and in view of the current general conditions, the PSI board
expects sales of 200 million euros for 2018. Although one-off costs in sales
(prototypes) and in development (support of US standards) must be
accomplished, the board corroborated the expectations of an EBIT of more
than 15 million euros.
On the basis of its own software products, PSI Group develops and integrates
complete solutions for optimizing the flow of energy and material at
suppliers (energy networks, energy trading, public passenger transport) and
industry (raw material extraction, metal production, automotive, mechanical
engineering, logistics). PSI was founded in 1969 and employs more than 1.700
persons worldwide. www.psi.de
Contact
PSI Software 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
Email: [email protected]
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26.07.2018 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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708107 26.07.2018
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