Brief: PSI Q1 Group Net Income Down At EUR 1.5 Million

PSI Software SE

28/04/2020 07:59

April 28 (Reuters) - PSI SOFTWARE AG  PSAGn.DE :
    * PSI WITH STABLE NEW ORDERS AND STRONG CASHFLOW DESPITE
CORONA
CRISIS
    * Q1 GROUP SALES OF 50.9 MILLION EUROS WERE ALSO ALMOST ON A
PAR
WITH PREVIOUS YEAR'S FIGURE (MARCH 31, 2019: 52.0 MILLION EUROS)
    * ORDER BOOK VOLUME ON MARCH 31, 2020 WAS, AT 187 MILLION
EUROS,
2% ABOVE PREVIOUS YEAR'S VALUE
    * Q1 OPERATING RESULT (EBIT) OF 2.5 MILLION EUROS WAS AROUND
17%
BELOW PREVIOUS YEAR'S FIGURE
    * Q1 GROUP NET INCOME FELL TO 1.5 MILLION EUROS AS OF MARCH
31 DUE
TO SIGNIFICANT CURRENCY FLUCTUATIONS
    * OUTLOOK 2020: EXPECTS ONLY A SLIGHT DECREASE IN SALES BY
5% AND
A 20% LOWER EBIT
    * Q2 WILL BE MORE STRONGLY AFFECTED BY CORONA
    * IN THIRD AND FOURTH QUARTERS A REVIVAL SHOULD BEGIN IN
ORDER TO
ACHIEVE ANNUAL GOALS

Source text for Eikon:  ID:nEQ51QhKDa 
Further company coverage:  PSAGn.DE 

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