DGAP-News

PSI Increases New Orders, Sales and EBIT in First Quarter of 2015

DGAP-News: PSI Aktiengesellschaft für Produkte und Systeme der
Informationstechnologie / Key word(s): Quarter Results/Interim Report
PSI Increases New Orders, Sales and EBIT in First Quarter of 2015

28.04.2015 / 09:16

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PSI Increases New Orders, Sales and EBIT in First Quarter of 2015
- New orders improve by 11 % to 62 million Euros
- Group sales increase by 6 % to 43.2 million Euros
- Group net result increases by 18 % to 1.4 million Euros

The PSI Group obtained 6 % higher sales of 43.2 million Euros in the first
quarter of 2015 (31 March 2014: 40.8 million Euros). The EBIT improved by 4
% to 2.2 million Euros (31 March 2014: 2.1 million Euros), the group net
result increased by 18 % to 1.4 million Euros (31 March 2014: 1.2 million
Euros). New orders improved by 11 % to 62 million Euros (31 March 2014: 56
million Euros), the order book volume on 31 March 2015 was, with 139
million Euros, 8 % above the value for the previous year (31 March 2014:
129 million Euros).

Energy Management (gas, oil, electricity, heat) attained 2 % higher sales
of 15.6 million Euros (31 March 2014: 15.3 million Euros) in the first
quarter. The EBIT for the segment increased slightly compared to the
previous year to 0.84 million Euros (31 March 2014: 0.78 million Euros).
The electrical energy business was able to once again increase its new
orders; the oil and gas business won an additional contract in Russia and
continued its strong performance of the previous years despite the tight
market situation. In energy trading, the result was burdened by investments
in the renewal and combination of the energy trading software for gas and
power, which will continue until the first quarter of 2016.

Sales in Production Management (raw materials, industry, logistics) in the
first three months were, with 21.6 million Euros, 14 % above the figure for
the previous year (31 March 2014: 18.9 million Euros). The EBIT increased
by 50 % to 1.5 million Euros (31 March 2014: 1.0 million Euros), despite
ongoing investments in the software for raw material extraction until the
end of year. The steel industry is still in a bear market and it is not yet
clear, whether early cyclical orders before year end could secure the
annual target of the PSI metals business. In particular, the market for
fracking and pipeline tubes, which is of importance for PSI, has to cope