Brief: PSI 9M Group Net Income Down At EUR 6.0 Mln

PSI Software SE

30/10/2020 10:08

Oct 30 (Reuters) - PSI SOFTWARE AG  PSAGn.DE :
    * 9-MONTH SALES JUST ABOUT AT LEVEL OF PREVIOUS YEAR AT
158.1
MILLION EUROS
    * PSI WITH STABLE NEW ORDERS AND SALES ALSO IN THIRD QUARTER
    * 9-MONTH EBIT OF 8.9 MILLION EUROS WAS 15.3% BELOW PREVIOUS
YEAR'S FIGURE (30 SEPTEMBER 2019: 10.5 MILLION EUROS)
    * 9-MONTH GROUP NET INCOME DECREASED TO 6.0 MILLION EUROS
(30
SEPTEMBER 2019: 7.1 MILLION EUROS)
    * STARTING IN 2021, PSI INTENDS TO CONTINUE MARGIN INCREASES
AND
GROWTH OF PREVIOUS YEARS (UNTIL 2019)
    * AGAINST BACKGROUND OF LOCKDOWN DECIDED FOR NOVEMBER,
MANAGEMENT
BOARD INTENDS TO STICK TO GUIDANCE GIVEN IN MARCH (SLIGHT
WEAKENING OF SALES AND AN UP TO 20% LOWER OPERATING RESULT
    * INTENDS TO CONTINUE MARGIN INCREASES AND GROWTH OF
PREVIOUS
YEARS (UNTIL 2019)
    * FOR 2021, MANAGEMENT EXPECTS A MARKET RECOVERY AND IN
COURSE OF
YEAR EVEN A SLIGHTLY EXCESSIVE DEMAND

Source text for Eikon:  ID:nEQ4KjwV5a 
Further company coverage:  PSAGn.DE 

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