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PSI Software AG

28 April 2021

PSI with a 77% Increase in EBIT and Record New Orders in 1st Quarter

 
DGAP-News: PSI Software AG / Key word(s): Quarter Results 
 28.04.2021 / 08:46 
 The issuer is solely responsible for the content of this announcement. 
 PSI with a 77% Increase in EBIT and Record New Orders in 1(st) Quarter 
 - New orders, with 105 million euros, for the first time over one-hundred million 
 - Sales increase of 10% to 56.1 million euros 
 - EBIT leaps by 77% to 4.4 million eurosKPI (KEUR)                 1 Jan. - 31 March 2021  1 Jan. - 31 March 2020   Change 
 Sales                                      56,138                  50,888   +10.3% 
 EBIT                                        4,351                   2,459   +76.9% 
 Group net result                            3,139                   1,512  +107.6% 
 Earnings per share (EUR)                     0.20                    0.10  +100.0% 
 
 
 Berlin, 28 April 2021 - The PSI Group increased new orders by 9.4% to 105 million euros in 
 the first quarter (31 March 2020: 96 million euros) and therefore booked more than one-hundred 
 million euros in new orders in one quarter for the first time. The volume of orders on 31 
 March 2021 was, with 197 million euros, 5.4% over the figure of the previous year (31 March 
 2020: 187 million euros). Group sales improved by 10.3% to 56.1 million euros (31 March 2020: 
 50.9 million euros), with Production Management being primarily responsible for the growth 
 after having been particularly hard hit by the Covid 19 pandemic last year. The EBIT leapt 
 by 77% to 4.35 million euros (31 March 2020: 2.46 million euros), the group net result more 
 than doubled to 3.1 million euros (31 March 2020: 1.5 million euros). 
 
 Energy Management (energy grids, energy trading, public transport) achieved one-percent higher 
 sales of 29.1 million euros (31 March 2020: 28.8 million euros) and a 42% higher EBIT of 1.7 
 million euros (31.3.2020: 1.2 million euros) in the first quarter. The grid business won major 
 contracts from large existing distribution grid and rail electricity customers. The positive 
 trend in public transport continued with additional contracts for electric bus depots; new 
 orders stabilized at the Malaysian subsidiary PSI Incontrol. 
 Sales in Production Management (metals production, industry, logistics) in the first three 
 months were, at 27.0 million euros, 22% above the previous year (31 March 2020: 22.1 million 
 euros). The business segment, whose products are completely based on the group platform, doubled 
 its EBIT to 3.0 million euros (31 March 2020: 1.5 million euros), although the target markets 
 of the metals and automotive industries still struggled with the impacts of the corona crisis 
 during the reporting period. The metals business won another major contract in the USA and 
 contributed significantly to sales and earnings. The automotive segment also returned to growth 
 following a drop in the previous year's first quarter. Especially in logistics and in Poland, 
 PSI invested in the cloud-based partner business and is seeing a further increase in demand. 
 The number of employees in the group increased to 2,086 (31 March 2020: 2,005) as a result 
 of targeted hiring. The cash flow from current operations was, at 12.1 million, 41% above 
 the value for the same quarter of the previous year (31 March 2020: 8.6 million euros). The 
 cash and cash equivalents of 54.1 million euros (31 March 2020: 42.7 million euros) will be 
 used for the recommended dividend and seasonal sales financing. Following the acquisition 
 of the Prognos Energy GmbH and the NEPLAN AG last year, PSI is examining additional acquisitions 
 in the core business. 
 PSI further accelerated investments in the rollout of the app-store and B2B multi-cloud technology 
 in the first quarter. This will make it possible to deliver more and more PSI platform products 
 not only in the PSI Cloud, but also in the more than 100 various private clouds of group customers. 
 After delivery, the software products are adapted to the customer's operations by the customer's 
 IT department and specialist departments, by partners and PSI consultants at runtime using 
 intuitive workflow and dialog design tools, and then rolled out across all workstations and 
 technical systems. 
 The demand from the steel and automotive industries is reviving from a low level, but remains 
 behind the stable demand in the energy segment, which is marked by the ongoing electrification 
 trend and the redispatch boom of the power distribution grids. 
 For the second quarter, PSI expects a continuation of the increasing results, especially in 
 Energy Management and a high level of new orders in Production Management. The PSI Board remains 
 confident of achieving its annual earnings goal of more than 20 million euros for the EBIT. 
 This includes more than 30 million euros in expenses for energy and transport transition functionality 
 and for the cloud and web rollout of the group platform. 
 The PSI Group develops its own software products for optimizing the flow of energy and materials 
 for utilities (energy grids, energy trading, public transport) and industry (metals production, 
 automotive, mechanical engineering, logistics). PSI was founded in 1969 and employs more than 
 2,000 people worldwide. www.psi.de 
 Contact: 
 PSI Software AG 
 Karsten Pierschke 
 Head of Investor Relations and Corporate Communications 
 Dircksenstraße 42-44 
 10178 Berlin 
 Germany 
 Phone +49 30 2801-2727 
 Fax +49 30 2801-1000 
 E-Mail: KPierschke@psi.de 
 
 
 28.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group 
 AG. 
 The issuer is solely responsible for the content of this announcement. 
 
 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News 
 and Press Releases. 
 Archive at www.dgap.de 
 
 
Language:      English 
Company:       PSI Software AG 
               Dircksenstraße 42-44 
               10178 Berlin 
               Germany 
Phone:         +49 (0)30 2801-0 
Fax:           +49 (0)30 2801-1000 
E-mail:        ir@psi.de 
Internet:      www.psi.de 
ISIN:          DE000A0Z1JH9 
WKN:           A0Z1JH 
Listed:        Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
                Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:   1189576 
 
 
 
 
 
 
End of News  DGAP News Service 
 

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April 28, 2021 03:46 ET (07:46 GMT)

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