EANS-News: P&I Personal & Informatik AG
Sustained higher profitability
16.08.2012 – 09:02
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- quarterly report Subtitle: 10.6 per cent sales growth EBIT margin: 26.8 per cent Wiesbaden (euro adhoc) - P&I Personal & Informatik AG, of Wiesbaden in Germany, has started the first quarter of the new fiscal year (April 1 to June 30, 2012) by recording two-digit growth in sales and an excellent operating result. Group sales for the first three months increased by 10.6 per cent from 17.4 million euros to 19.3 million euros when compared to the same period from the previous year. The P&I Group achieved a Group operating result (EBIT) of 5.2 million euros before interest and taxes (previous year: 4.5 million euros) and realised an EBIT margin of 26.8 per cent. The result before depreciations (EBITDA) amounted to 5.8 million euros. The P&I Group reported earnings of 3.9 million euros as the DFVA/SG (German Association of Financial Analysts and Investment Consultants/Schmalenbach Society) result and the Group also employed an average of 360 employees (FTE). "The two-digit sales growth is the direct result of the effects of our acquisitions and organic growth", said Vasilios Triadis, the Chairman of the Board of Directors of P&I. "We rounded off our support concept with the addition of new services. We remain committed to our vision of sustainable growth during the 2012/2013 business year and the first quarter has proved to be a solid foundation for our vision." The software licensing business increased by five per cent to 5.1 million euros during the first quarter as compared to the previous year and this corresponds to a 27 per cent share of the Group's overall sales. The maintenance business has developed as planned and revenue amounted to 8.3 million euros (previous year: 7.1 million euros) and 43 per cent of the P&I Group's sales were generated by the recurring maintenance business. Service business sales remain at the same level recorded for the comparable period during the previous year and is amounted to 5.0 million euros, which means that 26 per cent of the P&I Group' s overall sales were generated by this business sector. The other sales are acquisition related as compared to the sales recorded during the same period in the previous year and increased by 0.3 million euros to 0.9 million euros. P&I realised domestic sales of 14.2 million euros (previous year: 13.8 million euros) and this represents 74 per cent of total sales. International sales now stand at 5.1 million euros (previous year: 3.6 million euros) and this increase is related to both the acquisition as well as the excellent Licensing business recorded abroad. The operating result increased by 0.6 million euros when compared to the previous year, as additional expenditure of only 1.2 million euros was posted against the increase in sales. 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 AG, the realisation of Licensing sales in the 18 - 20 million euros range 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 agranderath@pi-ag.com 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