DGAP-News

PSI with 12% Growth in Sales and 87% Increase in EBIT in First Six Months - Seite 3

PSI once again invested in the app store and in B2B multi-cloud technology in the second quarter. This means that in the future PSI products can be delivered automatically not only to the PSI Cloud, but also to all standard cloud technologies of the group's customers. After delivery, the software products are adapted to the customer's operations by the customer's IT department and specialist departments, by partners and PSI consultants at runtime using intuitive workflow and dialog design tools, and then rolled out across all workstations and technical systems. With trial projects in production and logistics progressing well, a first partner in the steel industry, a Brazilian system integrator, has now also placed an order via the app store.

Preliminary inquiries from the steel and automotive industries continue to pick up but have not yet been reflected in order intake. In the energy business, steadily growing demand continues to be marked by the trend toward electrification and the current redispatch boom of the electricity distribution networks.

PSI is working on improving the margin in Energy Management, especially with more common parts and further product migration to the PSI platform. As planned, PSI will invest more than 30 million euros this year for the functionality of energy and transportation shift as well as for the cloud and web rollout of the group platform. The PSI Board raises the growth target from at least 5% to at least 10%. The EBIT target of more than 20 million euros will also be exceeded. The increase in the earnings target can only be substantiated with the orders from the third quarter.

The PSI Group develops its own software products for optimizing the flow of energy and materials for utilities (energy grids, energy trading, public transport) and industry (metals production, automotive, mechanical engineering, logistics). PSI was founded in 1969 and employs more than 2,000 people worldwide. www.psi.de

Contact:

PSI Software AG
Karsten Pierschke
Head of Investor Relations and Corporate Communications
Dircksenstraße 42-44
10178 Berlin
Deutschland

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