Berlin, 29 April 2013 – The PSI Group once again attained a record volume of new orders in the first quarter of 2013 with 73 million Euros (31 March 2012: 69 million Euros). Group sales increased by 11 % to 45.4 million Euros (31 March 2012: 40.8 million Euros), the order book volume on 31 March 2013 grew by 4 % to 145 million Euros (31 March 2012: 140 million Euros). The EBIT for the first quarter of 2013 improved by 2 % to 2.1 million Euros (31 March 2012: 2.04 million Euros), the group net result was, at 1.6 million Euros, 19 % above the previous year (31 March 2012: 1.3 million Euros).
Energy Management (gas, oil, electricity, heat) attained 6 % lower sales of 14.9 million Euros (31 March 2012: 15.8 million Euros) in the first quarter. The EBIT for the segment was, at 0.4 million Euros, considerably below that of the previous year (31 March 2012: 0.8 million Euros). The gas and oil business continued its very good development and was awarded two major contracts from Germany and Russia. The electrical energy business won important contracts from Germany and the European neighbours, but continued to be burdened by the energy transition in Germany and the rollout of the new standard product. The Energy Trading business started with expenses for the bundling and modernisation of the energy data management software.
Sales in Production Management (raw materials, industry, logistics) were, at 23.0 million Euros, 10 % above the value for the previous year (31 March 2012: 20.8 million Euros) in the first three months. The EBIT, at 1.2 million Euros, remained constant (31 March 2012: 1.2 million Euros). The metal industry business continued its good development; logistics was burdened by the high development costs in software for logistics centres.
In Infrastructure Management (transportation and security) sales were significantly increased to 7.5 million Euros (31 March 2012: 4.2 million Euros) as a result of the expansion of the system business. The EBIT for the segment doubled to 0.8 million Euros (31 March 2012: 0.4 million Euros). The business in Southeast Asia and Poland developed especially well.
Primarily due to the expansion of capacity in the export markets, the number of employees in the group increased as of 31 March 2013 to 1,622 (31 March 2012: 1,517). The cash flow from operations, which was weak at 0.8 million Euros at the end of 2012, recovered to 3.4 million Euros, significantly above the value for the previous year (31 March 2012: 1.8 million Euros). Liquidity increased to 36.1 million Euros (31 March 2012: 35.3 million Euros).
With the founding of the Brazilian subsidiary PSI Metals Brazil Ltda., PSI is increasing activities in the Latin American market, expanding the on-site support for existing customers and at the same time growing the regional sales activities.
The very high volume of new orders since the beginning of the year represents a good basis for achieving the year’s quantitative and qualitative goals. In the coming quarters PSI expects a continued high demand for solutions for the improvement of the energy, working and materials efficiency as well as additional exciting major contracts.
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 1,600 persons worldwide.
