P&I Personal & Informatik AG

P&I: Profit increase with sales growth for the first half year of fiscal 2007/2008

• Sales increased by 6 million to 30 million euros • EBIT margin at 22.5 per cent • Software licensing sales risen by 71.4 per cent

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Wiesbaden (euro adhoc) - In the first six months of the 2007/2008 fiscal year (April 1 to September 30, 2007), the P&I group attained earnings before interest and taxes (EBIT) of 6.7 million euros (same period previous year 4.7 million euros), increasing the EBIT margin from 19.4 to 22.5 per cent. Total sales increased by 24.8 per cent to 30 million euros. This includes software licensing sales of 9.8 million euros, which have increased by an impressive 71.4 per cent compared to the previous year´s sales level. In the earnings after tax (EAT), the P&I group reports an improvement from 3.2 million to 4.7 million euros. The earnings before depreciation (EBITDA) increased from 6.3 to 8.5 million euros. This confirms the corporation´s interim result released on October 31, 2007.

The P&I share price continued to show positive development up to mid-year. It began at 18 euros and finished at the end of September 2007 at 20.90 euros. Taking into account the dividend payment of 1 euro during the same period, the share price increased by 21 per cent.

After a very strong first quarter in sales and results, P&I was again able to increase sales from the first to second quarter by a double-digit percentage, from 12.5 million to 14.3 million euro. The operative result in the second quarter amounts to 2.4 million euros and is charged with a special item from a share-based payment system. An operative result of 6.7 million euros in the first six months and an EBIT margin of 22.5 per cent makes P&I one of the successful companies in the IT business.

Striking increase in the licensing and consulting business segment have been crucial for sales growth in the first 6 months of fiscal 2007/2008.

Licensing sales increased from the previous year from 4.1 to 9.8 million euros. In addition to sales from a long-term project overseas, in the second quarter many projects with new customers in the domestic market again played a role. Licensing share of total company sales amounts to 33 per cent.

In the maintenance business, sales of 10.9 million euros were achieved. This means an increase of 0.9 million euros or 8.5 per cent compared to the same time period in the previous year. This business area contributes 36 per cent of company sales.

The service business increased by 12.4 per cent or 0.9 million euros. With sales of 8.6 million euros (previous year 7.7 million euros), P&I attained 29 per cent of its sales from the consultancy/SI business.

"In the second quarter, licensing sales have also increased in double-digit figures. The results in the first six months are according to plan", announced Vasilios Triadis, P&I´s CEO. "State-of-the-Art technology, high quality and absolute on time delivery are our standards. We are convinced of P&I´s enduring success and will work consistently to achieve our growth strategy."

At the same time, P&I confirmed the forecast for the end of the 2007/2008 fiscal year, with the intention of increasing sales by approximately 10 per cent via organic growth and establishing the EBIT margin above 20 per cent.

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

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

Branche: Software
ISIN:      DE0006913403
WKN:        691340
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Börse Frankfurt / regulated dealing
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              Börse MĂĽnchen / free trade

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