DGAP-News

PSI with Significant Increase in Energy Business after Nine Months

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