08.07.2008
PSI with Record Volume of New Orders in 2nd Quarter
Costs of energy and raw materials accelerate investments by PSI customers
Berlin, 8 July 2008 – The PSI Group increased its new orders in the 2nd quarter of 2008 by 24 % to 42 million euros compared to the same quarter of last year (2nd quarter 2007: 34 million euros). The EBIT in the 2nd quarter 2008 increased by 40 % to about 1.4 million euros (2nd quarter 2007: 1.0 million euros). This is, as announced, above the EBIT for the first quarter of 2008. In the first six months, new orders increased by 8 % to 78 million euros (first six months of 2007: 72 million euros). Adjusted for the sale of the government business in the middle of 2007 the increase is even 15 %. The EBIT for the first half of 2008 is, with about 2.7 million euros, 50 % above the value for the previous year (first six months of 2007: 1.8 million euros).
New orders increased in the 2nd quarter primarily in exports and here in particular in the segments energy and steel. PSI has started into the second half of the year with a well-filled sales pipeline and a very good volume of orders. The high costs of energy and raw materials have led PSI customers in the segments of energy and heavy industry to continued investments in expansion and efficiency. Management expects the development to continue in the second half of the year and will further strengthen PSI’s growth through acquisitions. As announced, the decision about raising the annual forecast will be made in the course of the 3rd quarter. PSI will publish its detailed report for the first six months as planned on 29 July 2008.
PSI AG develops and integrates individual solutions, on the basis of its own software, for the management of energy networks (electricity, gas, oil, water, heat), cross-company production management (steel, mechanical engineering, automotive, 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.
