DGAP-News

PSI with Improved Net Result and Strong Cash Flow after Nine Months

DGAP-News: PSI Aktiengesellschaft für Produkte und Systeme der
Informationstechnologie / Key word(s): Quarter Results/9-month figures
PSI with Improved Net Result and Strong Cash Flow after Nine Months

31.10.2016 / 09:02
The issuer is solely responsible for the content of this announcement.

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PSI with Improved Net Result and Strong Cash Flow after Nine Months
- Group net result increases by 3 % despite lower sales
- Sales 6 % below previous year due to capacity adjustments in Southeast
Asia
- Cash flow from operating activities improves by 370 %

(TEUR)                    1 Jan. - 30 Sept.     1 Jan. - 30 Sept.  Change
                                       2016                  2015
Sales                               127,861               136,614    -6 %
EBIT                                  6,920                 7,271    -5 %
Group EBIT                            3,900                 3,801    +3 %
Earnings per share                     0.25                  0.24    +4 %
(EUR)

PSI Group attained 6 % lower sales of 127.9
million Euros (30 September 2015: 136.6 million Euros) in the first nine
months of 2016 due to adjustments of capacity in Southeast Asia. The EBIT
was, at 6.9 million Euros (30 September 2015: 7.3 million Euros), 5 % below
the level of the previous year, the earnings before taxes were improved by
better financial earnings by 12 % to 6.5 million Euros (30 September 2015:
5.8 million Euros). With 3.9 million Euros, the Group net result was 3 %
above the level of the previous year (30 September 2015: 3.8 million
Euros), the earnings per share improved accordingly to 25 Eurocents (30
September 2015: 24 eurocents). Due to sales price discipline despite weak
market environment and due to regulatory effects, the level of new orders
was, at 134 million Euros, 10 % lower (30 September 2015: 149 million
Euros). The order book volume on 30 September 2016 was, at 132 million
Euros, 3 % above the volume of the previous year (30 September 2015: 128
million Euros).

Energy Management (energy networks, energy trading) achieved 2 % lower
sales of 48.3 million Euros in the first nine months (30 September 2015:
49.1 million Euros), the EBIT for the segment remained constant at 3.5
million Euros. The electrical energy business continued to increase sales
and earnings. Important contracts were won in neighbouring European
countries. The power suppliers of two million cities were equipped with the