DGAP-News: PSI Aktiengesellschaft für Produkte und Systeme der
Informationstechnologie / Key word(s): Quarter Results/Quarterly / Interim
Statement
PSI with Strong New Orders and Stable EBIT in First Quarter
28.04.2016 / 10:39
The issuer is solely responsible for the content of this announcement.
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PSI with Strong New Orders and Stable EBIT in First Quarter
- New orders improves by 13 % to 70 million Euros
- Volume of orders increases by 13 % to 157 million Euros
- Presentation of Industry 4.0 swarm production at Hannover Trade Fair
<pre>
Key figures (KEUR) 01 Jan. - 31 March 01 Jan. - 31 March Change
2016 2015
(adjusted)
Sales 42,589 43,188 -1.4 %
EBIT 2,181 1,744 +25.1 %
Group net result 1,396 1,367 +2.1 %
Earnings per share 0.09 0.09 +0 %
(EUR)
</pre>
The PSI Group achieved 1 % lower sales of 42.6
million Euros in the first quarter of 2016 in particular because of
adjustments in the South Asian business (31 March 2015: 43.2 million
Euros). The EBIT improved by 25 % to 2.2 million Euros (31 March 2015,
adjusted: 1.7 million Euros), the group net result was, as in the previous
year, 1.4 million Euros. The new orders improved by 13 % to 70 million
Euros (31 March 2015: 62 million Euros), the order backlog on 31 March 2016
was, at 157 million Euros, 13 % above the figure for the previous year (31
March 2015: 139 million Euros).
Energy Management (gas, oil, electricity, heat) attained 1 % higher sales
of 15.8 million Euros in the first quarter (31 March 2015: 15.6 million
Euros). The EBIT for the segment increased significantly compared to the
previous year to 1.4 million Euros (31 March 2015, adjusted: 0.8 million
Euros). The electrical energy business was able to further increase its new
orders, and improve the result despite the expenses for the multi-client
capability of control systems. Gas and Oil improved its new orders,
especially in Germany, and again achieved a good result. Energy trading,
which had been encumbered by investments in the renewal and aggregation of
the energy trading software for gas and electricity, had a balanced result
and also increased its new orders.
Sales in Production Management (raw materials, industry, logistics) in the
first three months were, with 21.3 million Euros, slightly below the level
for the previous year (31 March 2015: 21.6 million Euros). The EBIT, with
1.5 million Euros, was constant (31 March 2015: 1.5 million Euro). The
Mines&Roads business worked on maintenance transition of the mining system.
The Metals business, which is still slowed by the slump in the steel
industry in particular in Asia, was able to significantly increase its
volume of new orders. The automotive and industry business received a
license extension order from a major customer in rail vehicle production
and improved its result. Logistics reaffirmed its good results from the
previous year and increased its new orders.
In Infrastructure Management (transportation and security), sales decreased
by 8 % to 5.5 million Euros (31 March 2015: 6.0 million Euros), the EBIT
dropped to -0.4 million Euros (31 March 2015, adjusted: -0.2 million
Euros). In Southeast Asia, the revival of new orders continued, sales and
earnings were, however, encumbered by final work in a major market entry
project and capacity adjustments.
The number of employees in the group decreased to 1,645 on 31 March 2016
(31 March 2015: 1,718) due to capacity adjustments in exports. The cash
flow from normal operations was, as in the previous year, characterised by
maintenance payments and improved by over 90 % to 2.9 million Euros (31
March 2015: 1.5 million Euros). The liquidity increased to 41.2 million
Euros (31 March 2015: 31.6 million Euros) allowing the proposed dividend
payment, share buybacks, financing of sales in seasonal pattern and smaller
acquisitions.
PSI presented an Industriy 4.0 swarm manufacturing process with
Internet-of-Things chips at the Hanover Trade Fair. The process is led by
PSI software products, which are already migrated to the PSI Java platform,
for order management, optimisation, scheduling, data acquisition, control
system and logistics with automatic rescheduling in supply disruptions.
Compared to a conventional assembly line production, swarm production
allows for substantially higher production efficiency, flexibility and
reliability
PSI expects important contracts to be placed in Germany and for exports in
the coming quarters. Uncertainties continue to exist with regard to the
development of raw material prices and currency exchange rates so that
management maintains the cautious targets for 2016 set down in the 2015
annual report.
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 1,650 persons
worldwide. www.psi.de
PSI AG
Karsten Pierschke
Head of Investor Relations and
Corporate Communication
Dircksenstraße 42-44
10178 Berlin
Phone +49 30 2801-2727
Fax +49 30 2801-1000
E-Mail: KPierschke@psi.de
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28.04.2016 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
Dircksenstraße 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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart; Terminbörse EUREX
End of News DGAP News Service
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458621 28.04.2016
DGAP-News: PSI with Strong New Orders and Stable EBIT in First Quarter
| Source: EQS Group AG