P&I Personal & Informatik AG

P&I growth continues: profits rise with growing sales in Q3 result for 2006/2007

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Wiesbaden (euro adhoc) - P&I growth continues: profits rise with growing sales in Q3 result for 2006/2007

- Operating result (EBIT) rises to E 8 million - Growth in sales of five percent

In the first three quarters of fiscal 2006/2007 (April 1, 2006 to December 31, 2006), P&I Personal & Informatik AG increased Group operating earnings before interest and taxes (EBIT) from the previous year's EUR 7.1 million to EUR 8 million. The Prime Standard listed HR management software specialists, based in Wiesbaden, thus achieved an EBIT margin of 21.0 percent in comparison with the previous year’s 19.6 percent. Earnings before depreciation (EBITDA) rose from EUR 9.6 million to the present EUR 10.5 million. According to the German Association of Financial Analysts and Investment Consultants Schmalenbach Society (DFVA/SG), Group earnings amounted to EUR 5.3 million compared to EUR 5 million in the previous year. P&I shares opened on April 4, 2006 at a price of EUR 16.80 and closed on December 31, 2006 at EUR 16.60. Taking into account the dividend of EUR 3.00 per share paid out in the same period, this was an increase in the share price of 17 percent.

The improvement in results is accounted for by the combination of an increase in Group sales of five percent, up to EUR 38.1 million in the first nine months of 2006/2007, in conjunction with a lower than average rise in costs. Marked increases in both the Maintenance and Consulting business areas were significant factors in the growth in sales.

The most significant engine of growth proved to be the service providing activities. P&I improved on the previous year's result by EUR 2 million, to EUR 13.4 million, with 35 percent of revenues coming from the Consulting/SI business area.

Sales of EUR 15.2 million were attained in Maintenance business. This represents an increase of EUR 1.2 million or 8.6 percent compared with previous year's sales for the same period, the fruits of last year's strong Licensing sales. The Maintenance business area generated 40 percent of Group sales.

Licensing business remained below the previous year’s level with EUR 8.3 million (EUR 9.8 million). Although many medium and smaller-sized projects have been realised during the year, major contracts such as those concluded in the comparable period of last year were lacking.

"Although the first half of this fiscal year was strong, it has been difficult to top the magnificent third quarter we had in the last financial year," comments CEO Vasilios Triadis. "Still, the superb dedication of our employees, has meant that we have matched last year's third quarter performance with respect to sales and result. Nevertheless, despite not having managed to hold Licensing sales at the previous year's level in these first nine months, we expect to have caught up on this by the end of this fiscal year, as far as possible. By then, the large projects, planned for the third quarter but postponed to the fourth quarter, will have been realised."

P&I is still confident of achieving, overall, around 10 percent organic growth in sales for 2006/2007, and establishment of the EBIT margin at around the 20 percent mark.

The P&I Group in figures:

@@start.t2@@|Key Figures      |Dec. 31,    |Dec. 31,    |Change    |Change    |
|according to    |2006          |2005          |'000        |%            |
|IAS                  |'000 euros |'000 euros |euros      |              |
|Group sales      |38,071        |36,255        |1,816      |5.0%        |
|EBITDA              |10,455        |9,571         |884         |9.2%        |
|EBIT                 |7,992         |7,119         |871         |12.3%      |
|EBT                  |8,723         |7,729         |994         |12.9%      |
|Consolidated    |                 |                 |              |              |
|result              |5,298         |4,976         |322         |6.5%        |
|(DVFA/SG)         |                 |                 |              |              |
|Return on Sales|13.9%         |13.7          |. / .      |. / .      |
|EPS (DVFA/SG)  |0.69 E        |0.65 E        |0.04 E    |6.5%        |
|BQU (()*          |270            |253            |17          |6.7%        |
|BQU (Closing    |299            |283            |18          |5.7%        |
|day)**              |                 |                 |              |              |
*        Number of Employees in average period
**      Average employment quotient in average period on closing day
Sales segmentation:
|Sales                                 |Apr.1 - Dec. 31, |Apr. 1 - Dec.  |Apr. 1 - Dec    |
|                                         |04                        |31, 05              |.31, 06            |
|                                         |'000        |share |'000    |share  |'000  |share    |
|                                         |euros      |         |euros  |          |euros |            |
|                                         |              |         |          |          |         |            |
|Sector                                |              |         |          |          |         |            |
|Licences                            |8,294      |25%    |9,773  |27%      |8,256 |22%        |
|Maintenance                        |12,203    |37%    |14,024 |39%      |15,233|40%        |
|Product line                      |20,497    |62%    |23,797 |66%      |23,488|62%        |
|Consulting                         |11,363    |35%    |11,370 |31%      |13,385|35%        |
|Other*                                |820         |3%      |1,088  |3%        |1,198 |3%         |
|Total                                 |32,680    |100%  |36,255 |100%    |38,071|100%      |
|                                         |              |         |          |          |         |            |
|Geographical segment         |              |         |          |          |         |            |
|Germany (domestic)            |28,711    |88%    |30,135 |83%      |32,138|84%        |
|International (foreign)    |3,969      |12%    |6,120  |17%      |5,934 |16%        |
|Total                                 |32,680    |100%  |36,255 |100%    |38,071|100%      |
*comprises Third Party and ASP (Application Service Providing)
Find out more about P&I AG on the Internet:
www.pi-ag.com
Press contact:
P&I Personal & Informatik AG
Andreas Granderath / Investor Relations
Kreuzberger Ring 56
D - 65205 Wiesbaden
Tel.:  +49 (0) 611 / 7147-267
Fax:    +49 (0) 611 / 7147-369
Email: aktie@pi-ag.com
P&I: Software for Human Resources Management DE 006913403
P&I Personal & Informatik AG specialise in HR management software solutions -
from payroll accounting, personnel management and time management to employee
portals. The solutions are international and can be deployed in any industry
sector. P&I is represented by more than 300 employees at 11 locations in Europe.
The Wiesbaden-based company has over 35 years experience in the market. Around
3,700 businesses and institutions of all sizes place their trust in P&I
solutions. P&I is listed on the Prime Standard and in fiscal 2005/2006 achieved
sales of EUR 50 million.@@end@@

@@start.t3@@end of announcement                                                 euro adhoc 08.02.2007 07:58:13
--------------------------------------------------------------------------------@@end@@

ots Originaltext: P&I Personal & Informatik AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:

Branche: Software
ISIN:      DE0006913403
WKN:        691340
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Bayerische Börse / free trade



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