P&I Personal & Informatik AG

EANS-News: P&I AG: Successful start to the new fiscal year

• EBIT margin at 26.7 percent • Sales growth in profitable maintenance business

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finances

Wiesbaden (euro adhoc) - P&I Personal & Informatik AG realised sales of 15.1 million euros in the first quarter of the current 2009/2010 fiscal year (April 1, 2009 to June 30, 2009), which represents a pre-tax (EBIT) Group operating result of 4.0 million euros (previous year: 5.1 million euros) and achieved an EBIT margin of 26.7 percent. The result before depreciations (EBITDA) amounted to 4.6 million euros. The P&I Group also reported earnings of 2.8 million euros as the DFVA/SG (German Association of Financial Analysts and Investment Consultants/Schmalenbach Society) result. The P&I Group employed an average of 334 employees (FTE).

The P&I Group remains positive and continues to develop in an extremely difficult market place. Growth in the high-profit maintenance business and a strong service business were the significant factors that contributed to this success. As a result of the negative one-off effect that amounted to 1.5 million euros that was posted in the last quarter of the previous year, licensing sales in this sales category dropped back as expected, however the previous year´s level, adjusted for the negative one-off effect, will be maintained.

Revenue of 5.8 million euros was realised from the Maintenance business (38 percent of total sales). This represents an increase of 0.7 million euros or 13.8 percent as compared to the previous year.

An increase should also be recorded in the service business: P&I improved on the previous year's result by 0.4 million euros, rising to 4.5 million euros, with 30 percent of revenues coming from the Consulting/SI business sector.

Licence sales amounted to 4.5 million euros (previous year: 6.0 million euros). The previous year´s licensing business included a special project valued at 1.5 million euros. Projects of this size were not expected to materialise during the first quarter of this fiscal year. It is proving extremely difficult to win new projects and new customers in the current market place. It is also gratifying to be able to announce that we won two important strategic projects in the public administration sector in the quarter that has just ended. Licence sales account for 30 percent of total Group sales.

P&I realised 12.0 million euros (previous year: 12.3 million euros) or 79 per cent of our sales domestically. International sales developed on target at 3.1 million euros (previous year: 3.3 million euros).

P&I can confirm our forecast for the full 2009/2010 fiscal year, even with the current market place being affected by the financial and world-wide crisis, of licence sales producing between 12 to 16 million euros and total revenue amounting to 56 to 60 million euros. It will be possible to realise an EBIT margin of 15 to 20 percent within this context.

"We are still able to talk about a successful start to the new fiscal year despite the current economic conditions", said Vasilios Triadis, Chairman of the Board at P&I, "Our sales organisation has been able to maintain the previous year´s licence sales, even after they were adjusted for the negative one-off effect, by closing a variety of projects, especially projects with our long-standing customers. If our consulting and maintenance sales can also increase then this can be taken as a clear signal that our customers rely on P&I. Our new strategic orientation in the consulting sector, which involved the allocation of specific customer groups, is now bearing fruit and this together with the expansion of our innovative product portfolio means that we are well positioned to survive the crisis and we are therefore extremely confident that we will come out of the crisis a lot stronger than we were before. P&I is a strong brand."

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

Further inquiry note:
Andreas Granderath
+49 (0)611 7147-267
agranderath@pi-ag.com

Branche: Software
ISIN:      DE0006913403
WKN:        691340
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              DĂĽsseldorf / free trade
              Hannover / free trade
              MĂĽnchen / free trade



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