DGAP-News: PSI Aktiengesellschaft für Produkte und Systeme der
Informationstechnologie / Key word(s): 9-month figures/Quarter Results
PSI with Significant Increase in Energy Business after Nine Months
30.10.2014 / 09:20
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PSI with Significant Increase in Energy Business after Nine Months
- EBIT increases six-fold to 4.6 million Euros
- Sales at 127.2 million Euros approximately at previous year's level
- Operative cash flow improved by 5.6 million Euros
PSI Group attained 1.5 % lower sales of 127.2 million Euros (30 September
2013: 129.1 million Euros) in the first nine months of 2014. The EBIT
improved to 4.6 million Euros (30 September 2013: 0.8 million Euros). This
included the final encumbrances from old projects of 2 million Euros that
were booked in the second and third quarters of 2014. The group net result
also improved significantly to 2.0 million Euros (30 September 2013: -2.8
million Euros). New orders were, with 133 million Euros, 7 % below that of
the previous year (30 September 2013: 143 million Euros), the order book
volume on 30 September 2014 was, at 120 million Euros, 3 % below that of
the previous year (30 September 2013: 124 million Euros). The cash flow
from operating activities improved by 5.6 million Euros to 2.8 million
Euros (30 September 2013: -2.8 million Euros), so that the liquid funds
increased to 22.7 million Euros (30 September 2013: 21.5 million Euros).
Energy Management (gas, oil, electricity, heat) attained 6 % higher sales
of 45.7 million Euros (30 September 2013: 43.1 million Euros) in the first
nine months. The EBIT for the segment, which was negative in the previous
year, improved to 2.6 million Euros (30 September 2013: -1 million Euros).
The electrical energy business continued its upward trend with strong new
orders and a significant improvement in the EBIT, the gas and oil business
increased its sales and profits again. Energy trading systems invested
about 1 million Euros in the migration and reimplementation of gas and
electricity planning, trading and optimisation software on the group-wide
platform and received an important new order for the new product for
virtual power plants.
Sales in Production Management (raw materials, industry, logistics) in the
first nine months were, with 60.7 million Euros, 4 % below the level of the
previous year (30 September 2013: 63.3 million Euros). The EBIT improved,
despite the booking of 2 million Euros in encumbrances from old projects,
to 1.7 million Euros (30 September 2013: 0.3 million Euros). The automotive
und mechanical engineering business (PSIPENTA) and the operational business
in logistics contributed to a clearly positive result with the activities
in Industry 4.0. In the metals industry, PSI witnessed strong demand for
solutions for aluminium production, in mining the new control system is
undergoing its initial operational testing at a major Chinese customer. PSI
received an important licensing payment from another customer.
In Infrastructure Management (transportation and security) sales decreased
to 20.7 million Euros (30 September 2013: 22.7 million Euros) as a result
of lower sales of hardware. The EBIT for the segment decreased to 1.3
million Euros (30 September 2013: 2.4 million Euros) as a result of the
lower contribution from Southeast Asia. In the last weeks, the segment had
strong new orders from traditional and new customers in Germany,
Switzerland and Malaysia so that a significantly higher EBIT is expected
for the fourth quarter.
The number of employees in the group was reduced to 1,660 (30 September
2013: 1,701). The group continued to drive the basic development of the
technology platform on the basis of efficient, global standards in the
third quarter. In the fourth quarter, the new release of the technology
platform will be completed. It particularly enables customers to change
data dialogues even at runtime. The model-oriented programming has been
adapted to a now available international standard (EMF/MOF). In view of the
current geopolitical risks and the delayed awarding of contracts in the
export business, the PSI management board does not wish to make any
forecasts for the year 2014, but does expect new orders to be on the level
of the previous year.
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 around 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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30.10.2014 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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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: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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294073 30.10.2014
DGAP-News: PSI with Significant Increase in Energy Business after Nine Months
| Source: EQS Group AG