Berlin, 26 April 2012 – PSI Group obtained a record number of new orders of 69 million Euros in the first quarter of 2012 (31 March 2011: 54 million Euros). Group sales increased by 5 % to 40.8 million Euros (31 March 2011: 38.8 million Euros), the order book volume increased as of 31 March 2012 by 21 % to 140 million Euros (31 March 2011: 116 million Euros). The EBIT in the first quarter of 2012 was, with 2.04 million Euros, stable (31 March 2011: 2.09 million Euros), the Group result was, at 1.3 million Euros, slightly below the value for the previous year (31 March 2011: 1.4 million Euros).
Energy Management (electricity, gas, oil, heat) had stable sales of 15.8 million Euros (31 March 2011: 16 million Euros) in the first quarter. The EBIT was, at 0.8 million Euros, well below the value for the previous year (31 March 2011: 1.5 million Euros). The gas and oil business continued its very good development and again obtained important orders from Russia. The electrical energy segment continued to be encumbered by the development work for the energy shift and expects larger orders with the change of the year.
Sales in Production Management (raw materials, industry, logistics) were, at 20.8 million Euros, 12 % above the value for the previous year (31 March 2011: 18.5 million Euros). The EBIT increased by 50 % to 1.2 million Euros (31 March 2011: 0.8 million Euros). The metals industry segment had large international orders and again provided the largest contribution to the result.
In Infrastructure Management (transportation and security), sales remained about constant at 4.2 million Euros (31 March 2011: 4.3 million Euros). The EBIT for the business increased to 0.4 million Euros (31 March 2011: 0.3 million Euros). PSI Poland developed especially positively while the public transportation segment obtained important follow-up orders from German customers.
The number of employees in the Group increased as of 31 March 2012, primarily due to the growth in exports, to 1,517 (31 March 2011: 1.419). The cash flow from operating activities was again positive at 1.8 million Euros (31 March 2011: 2.6 million Euros), liquidity increased to 35.3 million Euros (31 March 2011: 32.2 million Euros).
With the acquisition of the Swiss Time-steps AG in the first quarter, PSI set another strong signal in the smart grid and smart energy market. The Time-steps AG optimisation model allows for the optimal use of energy storage, which will play an increasingly important role for the integration of renewable energies. The management is considering other targets for acquisition, especially in the field of energy.
As a result of the high volume of new orders since the beginning of the year, the management remains confident that the annual targets of 190 million Euros in new orders, 180 million Euros in sales and 13-16 million Euros EBIT will be attained. In the coming quarters PSI expects further improvements in the EBIT as a result of licenses from the current orders and further orders with a high percentage of licenses.
On the basis of its own software products, PSI AG develops and integrates complete solutions for energy management (electricity, gas, oil, heat), production management (metals, automotive, mechanical engineering, mining, logistics) and infrastructure management for transport and safety. PSI was founded in 1969 and employs 1,500 persons worldwide.
