DGAP-News
PSI with Improved Net Result and Strong Cash Flow after Nine Months - Seite 2
new Field Force software with big success. This software is further
migrated to the Group Java platform to connect it to Industry 4.0
production management applications. In the gas and oil business, demand
recovers slowly following the drop in commodity prices in the first
quarter, in particular with an upgrade order from the German market leader
as well as with new orders from Russia. In energy trading, an important
license order by a gas and hydro power operator is only booked in the
fourth quarter so the sales and EBIT for 30 September was slightly below
the level of the previous year.
Sales in Production Management (raw materials, metals production,
automotive, logistics) during the first nine months were, at 63.0 million
Euros, 4 % below the value for the previous year (30 September 2015: 65.6
million Euros). The EBIT was increased by 15 % to 5.2 million Euros (30
September 2015: 4.5 million Euros). In the mines and roads business, new
orders were processed in traffic management. The metals business attained
additional rollout contracts from major steel companies despite the ongoing
global steel crisis and improved the margin on the basis of slightly lower
sales. The automotive and industry business won important major contracts
in the field of rail vehicle construction and vehicle maintenance and
improved the result. Logistics increased sales and invested in a new SaaS/
Cloud version of its logistics software migrated to the Group Java
platform.
In Infrastructure Management (transportation and security) there was a
distinct decrease in sales to 16.5 million Euros (30 September 2015: 21.9
million Euros). The EBIT decreased to -0.9 million Euros (30 September
2015: 0 million Euros) despite the good result of the public transportation
business. In Southeast Asia PSI is moving the expansion of the software
share of sales after adjustments in the capital-intensive hardware business
forward. A SaaS/Cloud standard, based on the Group's Java platform, was
developed for a large telecommunications company for the rapidly growing
smart city market as well as a web portal for grid shutdown requests for an
energy utility.
After capacity adjustments in Asia and despite new hires in Europe, the
number of employees in the Group decreased to 1,632 on 30 September 2016
(30 September 2015: 1,665). PSI is particularly looking for software
salespeople in the energy network and automotive business. The cash flow
from operating activities improved by 3.3 million Euros to 4.2 million
Euros (30 September 2015: 0.9 million Euros). Liquidity on 30 September
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