26.03.2019 08:47:42
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DGAP-News: PSI's Record New Orders Establish Basis for Continued Growth
DGAP-News: PSI Software AG / Key word(s): Annual Results PSI's Record New Orders Establish Basis for Continued Growth
PSI Group increased its operating result (EBIT) to 15.5 million euros in fiscal year 2018 (31 Dec. 2017: 13.4 million euros). Due to tax effects, group net earnings increased only to 10.6 million euros (31 Dec. 2017: 9.5 million euros), earnings per share improved accordingly to 0.68 euros (31 Dec. 2017: 0.61 euros). Sales increased by 7.0 % to 199.2 million euros (31 Dec. 2016: 186.1 million euros). The main growth drivers were software products for energy networks and Industry 4.0. New orders increased by 14.2 % to a record value of 217 million euros (31 Dec. 2017: 190 million euros), the order book volume at the end of the year increased by 8.6 % to 139 million euros (31 Dec. 2017: 128 million euros). Sales in the Production Management segment (raw materials, metal production, industry, logistics) grew by 5.3 % to 99.5 million euros (31 Dec. 2017: 94.5 million euros), operating profit increased by 1 % to 10.0 million euros (31 Dec. 2017: 9.9 million euros). The number of group employees on 31 Dec. 2018 increased by 122 to 1,787 compared to the previous year (31 Dec. 2017: 1,665). Cash flow from operating activities, which had suffered somewhat from the switch to upgrade contracts, jumped to 19.0 million euros (31 December 2017: 1.2 million euros) due to increased new orders. The share of revenue accounted for by maintenance and upgrade subscriber contracts increased to 32 %. Despite the acquisition of Moveo Software and the higher dividend, cash and cash equivalents at the end of the year rose to 44.6 million euros (31 Dec. 2017: 38.1 million euros), so that PSI continues to have sufficient funds for targeted acquisitions. In agreement with the Supervisory Board, the Management Board will propose a dividend of 0.25 euros (previous year: 0.23 euros) to the Annual General Meeting. In 2018, PSI continued its transformation into a software product company for the control and optimization of energy and material flows. After the conversion of around two-thirds of the products to the group technology platform, the now technologically uniform products will be combined into industry suites. The IT departments of large customers are increasingly using PSI Click Design technology for user interface adaptations and own extensions. More than 200 customer employees are already working in so-called "PSI Click Design Teams". Test customers have received the new WORA release of the PSI Click Design, with which Java-based PSI applications run completely identically on web browsers. For 2019, PSI aims to increase sales by 10 % to 220 million euros and operating profit by 10 % to 17 million euros. Based on its own software products, the PSI Group develops and integrates complete solutions for optimizing the flow of energy and materials for utilities (energy networks, energy trading, public transport) and industry (mining, metals production, automotive, mechanical engineering, logistics). PSI was founded in 1969 and employs more than 1.900 persons worldwide. www.psi.de PSI Software AG Phone +49 30 2801-2727
26.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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 |
End of News | DGAP News Service |
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791565 26.03.2019
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