Brief: PIS Says Sales In 2019 Grew By 13% To 225.2 Mln Euros

PSI Software SE

23/03/2020 21:28

March 23 (Reuters) - PSI Software AG  PSAGn.DE :
    * DGAP-ADHOC: THANKS TO STRONG FINAL QUARTER PSI EXCEEDS
TARGETS
FOR 2019
    * SALES IN 2019 GROWS BY 13 % TO 225.2 MILLION EUROS
    * FY EBIT INCREASED BY 11.4 % TO 17.2 MILLION EUROS
    * FY NEW ORDERS INCREASED BY 8.8 % TO 236 MILLION EUROS (31
DEC.
2018: 217 MILLION EUROS)
    * ORDER BOOK VOLUME AT END OF YEAR INCREASED BY 2.2 % TO 142
MILLION EUROS (31 DEC. 2018: 139 MILLION EUROS).
    * EFFECTS OF CURRENT CORONA CRISIS CANNOT BE CONCLUSIVELY
QUANTIFIED AT THIS POINT IN TIME
    * PRIOR TO CORONA CRISIS, PSI HAD AIMED FOR CONTINUATION OF
GROWTH
AND FURTHER INCREASE IN EBIT BY 10% IN 2020
    * CONSIDER IT ADVISABLE, AS A PRECAUTION, TO LEAVE A HIGHER
PROPORTION OF PROFIT THAN IN PREVIOUS YEARS IN COMPANY
    * CORONA VIRUS WILL LEAD TO DELAYS IN AWARDING OF CONTRACTS
    * DUE TO HIGH VOLUME OF ORDERS ON HAND, MANAGEMENT EXPECTING
A
SLIGHT WEAKENING OF SALES AND A ONE-TIME 20% DECREASE IN EBIT IN
2020

Source text for Eikon:  ID:nEQb86c28a 
Further company coverage:  PSAGn.DE 

 ((Reuters.Briefs@thomsonreuters.com;))