TIDM0KUR

PSI Software AG

28 July 2021

 
PSI Software AG / Key word(s): Half Year Results/Quarter Results 
 PSI with 12% Growth in Sales and 87% Increase in EBIT in First Six Months 
 
 28.07.2021 / 09:03 
 The issuer is solely responsible for the content of this announcement. 
 
 PSI with 12% Growth in Sales and 87% Increase in EBIT in First Six Months 
 - New orders increase by 3.5% to 146 million euros 
 - Sales increase of 12% to 117.1 million euros 
 - EBIT leaps by 87% to 10.1 million eurosKPI (TEUR)                 01 Jan. - 30 June 2021  01 Jan. - 30 June 2020  Change 
 Sales                                     117,117                 104,853  +11.7% 
 EBIT                                       10,133                   5,413  +87.2% 
 Group net result                            7,034                   3,723  +88.9% 
 Earnings per share (EUR)                     0.45                    0.24  +87.5% 
 
 
 Berlin, 28 July 2021 - The PSI Group increased new orders by 3.5% to 146 million euros (30 
 June 2020: 141 million euros) in the first six months. The order backlog on 30 June 2021 was, 
 at 174 million euros, just about the same as the previous year (30 June 2020: 176 million 
 euros). Group sales improved by 11.7% to 117.1 million euros (30 June 2020: 104.9 million 
 euros), with the energy business making the greatest contribution to growth in the second 
 quarter. The EBIT leapt by 87% to 10.1 million euros (30 June 2020: 5.4 million euros), the 
 group net result was significantly improved to 7.0 million euros (30 June 2020: 3.7 million 
 euros). 
 
 Energy Management (energy networks, energy trading, public transportation) achieved 15.4% 
 higher sales of 64.1 million euros (30 June 2020: 55.5 million euros) and a 65% higher EBIT 
 of 4.0 million euros (30 June 2020: 2.4 million euros). The grid business was able to continue 
 increasing its volume of new orders with orders from transmission and distribution system 
 operators in the second quarter, although orders from Russia are only expected after the Duma 
 elections. Demand for software for electro-bus depots remains strong. The network planning 
 software developer NEPLAN AG, which has belonged to PSI since the fourth quarter of 2020, 
 has collaborated in a number of projects and provided the best EBIT margin of the segment. 
 A steel manufacturer has ordered the energy and CO(2) -trading software PSImarket. PSI expects 
 a significant increase in business from the business for software that calculates (PSIreko), 
 certifies (Blockchain) and trades (PSImarket) CO(2) certificates. 
 Sales in Production Management (metals, industry, logistics) in the first six months were, 
 at 53.0 million euros, 7.5% above the previous year (30 June 2020: 49.3 million euros). The 
 business segment, whose products are already completely based on the group platform, increased 
 by 80% to 6.7 million euros (30 June 2020: 3.7 million euros). The metals business has not 
 yet reached the volume of new orders of the previous year, as a result of the boom in the 
 price of steel, however, expects a significant increase in new orders with good margins. The 
 automotive and logistics segments also continue to grow their sales and profits. 
 The number of employees in the group increased to 2,145 (30 June 2020: 1,995), in particular 
 due to new hires in Poland, Germany and the USA. At 11.3 million euros, cash flow from operating 
 activities was 41% below the comparable figure for the previous year (30 June 2020: 19.4 million 
 euros), due in particular to growth financing. After payment of the dividend, which was increased 
 by 4 million euros compared with the previous year, cash and cash equivalents amounted to 
 45.4 million euros (30 June 2020: 50.4 million euros). Following the two acquisitions last 
 year, PSI is examining further acquisitions in the core business. 
 PSI once again invested in the app store and in B2B multi-cloud technology in the second quarter. 
 This means that in the future PSI products can be delivered automatically not only to the 
 PSI Cloud, but also to all standard cloud technologies of the group's 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. 
 With trial projects in production and logistics progressing well, a first partner in the steel 
 industry, a Brazilian system integrator, has now also placed an order via the app store. 
 Preliminary inquiries from the steel and automotive industries continue to pick up but have 
 not yet been reflected in order intake. In the energy business, steadily growing demand continues 
 to be marked by the trend toward electrification and the current redispatch boom of the electricity 
 distribution networks. 
 PSI is working on improving the margin in Energy Management, especially with more common parts 
 and further product migration to the PSI platform. As planned, PSI will invest more than 30 
 million euros this year for the functionality of energy and transportation shift as well as 
 for the cloud and web rollout of the group platform. The PSI Board raises the growth target 
 from at least 5% to at least 10%. The EBIT target of more than 20 million euros will also 
 be exceeded. The increase in the earnings target can only be substantiated with the orders 
 from the third quarter. 
 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 
 Deutschland 
 Phone +49 30 2801-2727 
 Fax +49 30 2801-1000 
 E-Mail: KPierschke@psi.de 
 
 
 28.07.2021 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:   1222201 
 
 
 
End of News  DGAP News Service 
 
 
 
 

1222201 28.07.2021

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRADVLBLFDLFBBV

(END) Dow Jones Newswires

July 28, 2021 03:29 ET (07:29 GMT)

Psi Software (LSE:0KUR)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Psi Software.
Psi Software (LSE:0KUR)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Psi Software.