P&I Personal & Informatik AG

EANS-News: P&I Personal & Informatik AG
Consistent high profitability

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  responsible for the content of this announcement.
6-month report

•	14.3 per cent sales growth
•	EBIT margin: 26.6 per cent

Wiesbaden (euro adhoc) - P&I Personal & Informatik AG recorded a 14.3 per cent
increase in sales when compared to the previous year and turnover was 39.5
million euros during the first half-year of fiscal 2012/2013 (April 1, 2012 to
September 30, 2012). Earnings before interest and taxes (EBIT) stood at 10.5
million euros (previous year: 7.8 million euros) and an EBIT margin of 26.6 per
cent was realised. The operating result before depreciations (EBITDA) amounted
to 11.9 million euros. The P&I Group is pleased to announce a result of 8.6
million euros after tax (EAT) and the Group also employed an average of 358
employees (FTE).

"Naturally we are delighted to have exceeded the 20 million euros sales volume
fort he first time during this quarter. This result is mainly due to our
successful licensing business", said Vasilios Triadis, Chairman of the Board of
Directors of P&I, "Sales and earnings recorded during the first half of the year
are fully in line with our planning. Our focus during the second half of the
fiscal year will be on further developing our P&I LOGA HR management solution as
well as our innovative P&I services."

The licensing business grew by 11 per cent to 10.2 million euros during the
first half-year when compared to the previous year and this represents a 26 per
cent share of total Group sales. The maintenance business has developed as
planned and revenue amounted to 16.8 million euros (previous year: 14.3 million
euros) and 42 per cent of the P&I Group's sales were generated by the recurring
maintenance business. 

Our service business also recorded sales of 10.7 million euros, which represents
growth of 7 per cent when compared to the sales recorded during the same period
in the previous year. 27 per cent of the overall P&I Group sales were generated
from this business sector. The remaining sales were acquisition-related and
these have grown to 1.8 million euros. 

Sales recorded by our international businesses grew from 6.7 million euros to
10.0 million euros and this figure represents 25 per cent of the Group's overall
sales income as P&I realised domestic sales of 29.5 million euros (previous
year: 27.9 million euros), which represents 75 per cent of total sales. 

The increase in sales (5.0 million euros) corresponds with a recorded increase
in costs totalling 2.3 million euros, which mainly arose from the acquisition of
MIRUS Software AG, who were not a member of the P&I Group during the comparable
period in the previous year as well as cost increases directly related to the
increase in the number of employees. However, the overall costs ratio has been
reduced when compared to the previous year and this is reflected in the EBIT
margin, which has increased to 26.6 per cent.

All in all, P&I can restate its forecast for the 2012/2013 business year of
overall sales totalling 80 million euros after taking into account the
acquisition of Mirus Software AG, the realisation of Licensing sales in the 18 -
20 million euros region as well as an EBIT margin of virtually 26 per cent,
which is the same level as that recorded during fiscal 2011/2012.

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: free trade: Berlin, Hamburg, Düsseldorf, Stuttgart, regulated
             dealing/prime standard: Frankfurt 
language:   English

Weitere Meldungen: P&I Personal & Informatik AG

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