| Key figures (KEUR) | 01 Jan. – 31 March 2016 | 01 Jan. – 31 March 2015 (adjusted) | Change |
| Sales | 42,589 | 43,188 | –1.4 % |
| EBIT | 2,181 | 1,744 | +25.1 % |
| Group net result | 1,396 | 1,367 | +2.1 % |
| Earnings per share (EUR) | 0.09 | 0.09 | +0 % |
Berlin, 28 April 2016 – The PSI Group achieved 1 % lower sales of 42.6 million Euros in the first quarter of 2016 in particular because of adjustments in the South Asian business (31 March 2015: 43.2 million Euros). The EBIT improved by 25 % to 2.2 million Euros (31 March 2015, adjusted: 1.7 million Euros), the group net result was, as in the previous year, 1.4 million Euros. The new orders improved by 13 % to 70 million Euros (31 March 2015: 62 million Euros), the order backlog on 31 March 2016 was, at 157 million Euros, 13 % above the figure for the previous year (31 March 2015: 139 million Euros).
Energy Management (gas, oil, electricity, heat) attained 1 % higher sales of 15.8 million Euros in the first quarter (31 March 2015: 15.6 million Euros). The EBIT for the segment increased significantly compared to the previous year to 1.4 million Euros (31 March 2015, adjusted: 0.8 million Euros). The electrical energy business was able to further increase its new orders, and improve the result despite the expenses for the multi-client capability of control systems. Gas and Oil improved its new orders, especially in Germany, and again achieved a good result. Energy trading, which had been encumbered by investments in the renewal and aggregation of the energy trading software for gas and electricity, had a balanced result and also increased its new orders.
Sales in Production Management (raw materials, industry, logistics) in the first three months were, with 21.3 million Euros, slightly below the level for the previous year (31 March 2015: 21.6 million Euros). The EBIT, with 1.5 million Euros, was constant (31 March 2015: 1.5 million Euro). The Mines&Roads business worked on maintenance transition of the mining system. The Metals business, which is still slowed by the slump in the steel industry in particular in Asia, was able to significantly increase its volume of new orders. The automotive and industry business received a license extension order from a major customer in rail vehicle production and improved its result. Logistics reaffirmed its good results from the previous year and increased its new orders.
In Infrastructure Management (transportation and security), sales decreased by 8 % to 5.5 million Euros (31 March 2015: 6.0 million Euros), the EBIT dropped to –0.4 million Euros (31 March 2015, adjusted: –0.2 million Euros). In Southeast Asia, the revival of new orders continued, sales and earnings were, however, encumbered by final work in a major market entry project and capacity adjustments.
The number of employees in the group decreased to 1,645 on 31 March 2016 (31 March 2015: 1,718) due to capacity adjustments in exports. The cash flow from normal operations was, as in the previous year, characterised by maintenance payments and improved by over 90 % to 2.9 million Euros (31 March 2015: 1.5 million Euros). The liquidity increased to 41.2 million Euros (31 March 2015: 31.6 million Euros) allowing the proposed dividend payment, share buybacks, financing of sales in seasonal pattern and smaller acquisitions.
PSI presented an Industriy 4.0 swarm manufacturing process with Internet-of-Things chips at the Hanover Trade Fair. The process is led by PSI software products, which are already migrated to the PSI Java platform, for order management, optimisation, scheduling, data acquisition, control system and logistics with automatic rescheduling in supply disruptions. Compared to a conventional assembly line production, swarm production allows for substantially higher production efficiency, flexibility and reliability.
PSI expects important contracts to be placed in Germany and for exports in the coming quarters. Uncertainties continue to exist with regard to the development of raw material prices and currency exchange rates so that management maintains the cautious targets for 2016 set down in the 2015 annual report.
On the basis of its own software products, PSI AG develops and integrates complete solutions for energy management (gas, oil, electricity, heat, energy trading), production management (mining, metals, automotive, mechanical engineering, logistics) and infrastructure management for transport and safety. PSI was founded in 1969 and employs 1,650 persons worldwide.
