EANS-News: P&I Personal & Informatik AG
Best quarter in the Company's history
14.02.2013 – 08:32
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Subtitle: 14.6 per cent sales growth EBIT margin: 27.9 per cent quarterly report Wiesbaden (euro adhoc) - P&I Personal & Informatik AG increased overall sales in the first nine months of fiscal 2012 / 2013 (April 1 to December 31) by 14.6 per cent to 60.9 million euros (previous year: 53.1 million euros) and recorded earnings before tax and interest (EBIT) of 17.0 million euros (previous year: 13.4 million euros) This represents an EBIT margin of 27.9 per cent (previous year: 25.2 per cent). The result before depreciations amounted to 19.0 million euros. The P&I Group is pleased to announce a result of 14.3 million euros after tax (EAT) and the Group also employed an average of 357 employees (FTE). "Having already exceeded the 20 million euros sales level for the first time ever during the second quarter of this fiscal year, we have once again shown during the quarter that has just finished that we are a well-established, successful company that is able to exploit profitable growth opportunities", declared Vasilios Triadis, Chairman of the Board of Directors at P&I, "We will proceed this in future". The licensing business grew organically by 16 per cent to 15.3 million euros when compared to the same period in the previous year and this represents a 25 per cent share of total Group sales. The maintenance business has developed as planned and revenue amounted to 25.3 million euros (previous year: 21.8 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 17.3 million euros, which represents growth of 6 per cent when compared to the sales recorded during the same period in the previous year. 28 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 2.9 million euros. Sales recorded by our international businesses grew from 10.8 million euros to 15.4 million euros and this figure represents 25 per cent of the Group's overall sales income as P&I realised domestic sales of 45.5 million euros (previous year: 42.3 million euros), which represents 75 per cent of total sales. The increase in sales (7.8 million euros) corresponds with a recorded increase in costs totalling 4.3 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 27.9 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