euro adhoc: P&I Personal & Informatik AG
Quarterly or Semiannual Financial Statements
P&I-Group exceeds own expectations Targets of the year already reached after nine months (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Wiesbaden - The results before interests and tax (EBIT) of P&I Personal & Informatik AG improved in the nine-months period of the financial year 2001 / 2002 by EUR 2.5 Mil. to EUR 1.5 Mil. (previous year: EUR - 0.9 Mil.). This means that the forecasted EBIT for the entire year has been achtened after nine months. The group result according to DVFA/SG improved by EUR 1.5 Mil. to EUR 0.5 Mil. (previous year: EUR - 1.0 Mil.) and is above plan. The earnings per share amounts to EUR 0.07 and is EUR 0.20 higher than previous years value of EUR - 0.13.
The Wiesbaden IT specialist for HR software announces an increase of 51 percent in sales revenues. In total P&I increased their sales revenues by EUR 9.0 Mil. to EUR 26.5 Mil. (previous year: EUR 17.6 Mil.). The revenues generated abroad increased by 73 percent to EUR 2.8 Mil. (previous year: EUR 1.6 Mil.). Regarding the financial year which is going to end on March 31, 2002 the P&I Group still assumes a forecasted revenue exceeding the EUR 31 Mil. originally aimed at. With regards to the EBIT a confirmation of the previous target figures of EUR 1.5 Mil. is expected.
P&I has organically grown in turnover by 40 percent and is also above plan. The operative result before deduction (EBITDA) improved by EUR 3.4 Mil. to EUR 4.0 Mil. (previous year: EUR 0.6 Mil.) and therefore has increased six fold. The outstanding order amounts to EUR 7.4 Mil. for the current financial year 2001 / 2002. For the subsequent years the order backlog is EUR 9.9 Mil. so that P&I has outstanding orders of amounting to EUR 17.3 Mil. On average the number of employees increased only by 10 percent to 240 employees as of December 31st. Operative costs amount to EUR 22.7 Mil. compared to EUR 18.8 Mil. in the same period of time of the previous year. Therefore, the growth in turnover of 51 percent compares to a considerably lower rate of cost increase of only 21 percent. In product development EUR 5.0 Mil. were invested in further product development of internet products and in Europeanising the product portfolio.
end of announcement euro adhoc 14.02.2002
Further inquiry note:
Herr Granderath Andreas
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