P&I Personal & Informatik AG

EANS-News: P&I Personal & Informatik AG
Further increase in profitability

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
6-month report

•	3.6 per cent sales growth
•	EBIT margin: 22.7 per cent

Wiesbaden (euro adhoc) - P&I Personal & Informatik AG recorded an increase in
sales when compared to the previous year of 3.6 per cent to 34.6 million euros
during the first half-year of fiscal 2011/2012 (April 1, 2011 to September 30,
2011). The result before taxes and interest (EBIT), which grew to 7.8 million
euros, corresponds to an EBIT margin of 22.7 per cent and this means that an
increase of virtually 10 per cent was recorded when compared to the previous
year. The operating result before depreciations (EBITDA) amounted to 8.8 million
euros. The P&I Group is pleased to announce a result of 5.8 million euros after
tax (EAT) and the Group also employed an average of 331 employees (FTE).

"We started the new fiscal year with a satisfactory first quarter and we have
built on this during the second quarter", declared Vasilios Triadis, Chairman of
the Board of Directors of P&I. "The present level of incoming orders tells us
that we will once again be presenting a prosperous annual financial statement.
We are particularly pleased with the positive development of our EBIT margin.
The quality offensive that we implemented for our software products and our
services is really paying off." 

The licensing business grew by 6 per cent to 9.2 million euros during the first
half-year when compared to the previous year and this represents a 27 per cent
share of total Group sales. 
The maintenance business has developed as planned and revenue amounted to 14.3
million euros (previous year: 12.9 million euros). 41 per cent of the P&I
Group´s sales were generated by the recurring maintenance business. 

The consulting business sector recorded a slight decline in sales of 0.8 million
euros to 10.0 million euros as compared to the comparable period during the
previous year, but sales recorded during the first half-year of the previous
year were actually higher than normal due to a special item resulting from the
completion and invoicing of a major fixed-price project. 29 per cent of the
overall P&I Group sales were generated from this business sector.

P&I realised domestic sales of 27.9 million euros (previous year: 26.0 million
euros), which represents 81 per cent of total sales. International sales dipped
slightly to 6.7 million euros (previous year: 7.4 million euros). 

As the cost increases turned out to be only 0.5 million euros when compared to
the previous year, an increase in the operating result has been recorded as a
direct result of the growth in sales. This represents an increase of 0.7 million
euros to 7.8 million euros when compared to the previous year´s result. 

All in all, P&I can restate its forecasts for fiscal 2011/2012: We should see a
slight growth in sales as compared to the previous reporting year and the
Group´s EBIT margin should remain at the high level that was realised during the
previous 2010/2011 fiscal year.

Further inquiry note:
Andreas Granderath
+49 (0)611 7147-267

end of announcement                               euro adhoc 

company:     P&I Personal & Informatik AG
             Kreuzberger Ring 56
             D-65205 Wiesbaden
phone:       +49(0)611 7147 267
FAX:         +49(0)611 7147 367
mail:     aktie@pi-ag.com
WWW:      www.pi-ag.com
sector:      Software
ISIN:        DE0006913403
indexes:     CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf 
language:   English

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