DGAP-News

PSI with 12% Growth in Sales and 87% Increase in EBIT in First Six Months - Seite 2

Energy Management (energy networks, energy trading, public transportation) achieved 15.4% higher sales of 64.1 million euros (30 June 2020: 55.5 million euros) and a 65% higher EBIT of 4.0 million euros (30 June 2020: 2.4 million euros). The grid business was able to continue increasing its volume of new orders with orders from transmission and distribution system operators in the second quarter, although orders from Russia are only expected after the Duma elections. Demand for software for electro-bus depots remains strong. The network planning software developer NEPLAN AG, which has belonged to PSI since the fourth quarter of 2020, has collaborated in a number of projects and provided the best EBIT margin of the segment. A steel manufacturer has ordered the energy and CO₂-trading software PSImarket. PSI expects a significant increase in business from the business for software that calculates (PSIreko), certifies (Blockchain) and trades (PSImarket) CO₂ certificates.

Sales in Production Management (metals, industry, logistics) in the first six months were, at 53.0 million euros, 7.5% above the previous year (30 June 2020: 49.3 million euros). The business segment, whose products are already completely based on the group platform, increased by 80% to 6.7 million euros (30 June 2020: 3.7 million euros). The metals business has not yet reached the volume of new orders of the previous year, as a result of the boom in the price of steel, however, expects a significant increase in new orders with good margins. The automotive and logistics segments also continue to grow their sales and profits.

The number of employees in the group increased to 2,145 (30 June 2020: 1,995), in particular due to new hires in Poland, Germany and the USA. At 11.3 million euros, cash flow from operating activities was 41% below the comparable figure for the previous year (30 June 2020: 19.4 million euros), due in particular to growth financing. After payment of the dividend, which was increased by 4 million euros compared with the previous year, cash and cash equivalents amounted to 45.4 million euros (30 June 2020: 50.4 million euros). Following the two acquisitions last year, PSI is examining further acquisitions in the core business.