PSI Sales Revenues rise to more than 60 million euros in the First Six Months

Volume of orders grows to 85 million euros

Berlin, 30 July 2007 - The PSI Group had sales revenues of 60.5 million euros (first six months of 2006: 56.5 million euros) in the first six months of 2007. The EBIT increased to 1.8 million euros (first six months of 2006: -0.4 million euros), the Group profit to 0.7 million euros (first six months of 2006: -1.0 million euros). There were 72 million euros (first six months of 2006: 72 million euros) in new orders in the first six months, once again above revenues, so that the volume of orders on 30 June 2007 had continued to increase to 85 million euros (30 June 2006: 83 million euros).

 

The Energy Management segment (Electricity, Gas, Oil, Heat, Water) had sales revenues of 26.3 million euros (first six months of 2006: 25.9 million euros) in the first six months. The EBIT improved to 1.3 million euros (first six months of 2006: 1.2 million euros). This contains expenses for the new energy control system for high and supergrid voltage networks and the integration of the product portfolio for gas and electricity trading.

 

In the Production Management segment (Industry, Logistics), sales revenues in the first six months increased to 25.1 million euros (first six months of 2006: 22.9 million euros). The EBIT improved to 0.5 million euros (first six months of 2006: -0.04 million euros) despite investments for the expansion of the international business.

 

Infrastructure Management (Traffic, Security, Telecommunications) increased sales revenues in the first six months by 19% to 9.2 million euros (first six months of 2006: 7.7 million euros), the EBIT which had been clearly negative in the previous year improved to € 0.1 million euros (first six months of 2006: -1.3 million euros). In this segment an unusual percentage of the sales revenues were attained in the first quarter, due to the fact that the relevant hardware sales were contained here. In the second quarter, important new contracts were won in the traffic segment, establishing the conditions for further growth in that segment. The number of employees increased slightly to 1,058 (30 June 2006: 1,049), with the expansions primarily in the sites in China and Poland. 

With the sales of the RISER business operations effective 30 June 2007 and the subsidiary European IT Consultancy EITCO GmbH effective 1 July 2007, PSI completed the concentration on software products for energy suppliers, production and infrastructure operators. 

For the second half of the year the management expects a continuation of the positive trend and important export orders in the core fields of business, Energy and Heavy Industry.

 

PSI AG

develops and integrates complete solutions, on the basis of its own software, for the management of energy networks (electricity, gas, oil, water, heat), cross-company production management (steel, automotive, mechanical engineering, logistics) and infrastructure management for telecommunications, transport and safety. PSI was founded in 1969 and currently employs more than 1,000 persons in the group.