EANS-News: P&I Personal & Informatik AG
Consistent high profitability
15.11.2012 – 08:01
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 6-month report Subtitle: 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 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