DGAP-News

PSI with Improved Result in First Six Months in Difficult Environment

DGAP-News: PSI Aktiengesellschaft für Produkte und Systeme der
Informationstechnologie / Key word(s): Half Year Results/Quarter Results
PSI with Improved Result in First Six Months in Difficult Environment

27.07.2016 / 09:07
The issuer is solely responsible for the content of this announcement.

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PSI with Improved Result in First Six Months in Difficult Environment
- EBIT increases 12 % despite lower sales
- Sales after adjustment in Southeast Asia 6 % below previous year
- Volume of orders 10 % over previous year at 144 million Euros

Performance           1 Jan.- 30 June      1 Jan.- 30 June           Change
indicator (TEUR)                 2016                 2015
                                                (adjusted)
Sales                          85,102               90,522           -6.0 %
EBIT                            4,534                4,049          +12.0 %
Group EBIT                      2,414                2,364           +2.1 %
Earnings per share               0.16                 0.15           +6.7 %
(EUR)

The PSI Group had 6 % lower sales of 85.1 million
Euros (30 June 2015: 90.5 million Euros) in the first six months of 2016
due to adjustments in capacity in Southeast Asia. The EBIT increased by 12
% to 4.5 million Euros (30 June 2015, adjusted: 4.0 million Euros), the
group net result was, as in the previous year 2.4 million Euros. The volume
of new orders was, at 100 million Euros, 4 % below the level of the
previous year (30 June 2015: 104 million Euros); the previous year
contained a multi-year major contract from E.ON Deutschland. The order
backlog on 30 June 2016 was, at 144 million Euros, 10 % above the level of
the previous year (30 June 2015: 131 million Euros).

Energy Management (energy networks, energy trading) attained 1 % higher
sales of 32.0 million Euros (30 June 2015: 31.8 million Euros) in the first
six months of the year. The EBIT for the segment increased significantly
compared to the previous year to 2.6 million Euros (30 June 2015, adjusted:
1.6 million Euros). The electrical energy business continued to improve
sales and profits with its software products, while the customers'
willingness to invest in the field of gas and oil is recovering slowly
following the slump in raw material prices in the first quarter. In the
field of energy trading, new orders and sales improved following the high
product and migration investments of the previous years and a positive