RCS - PSI Software AG - PSI with new sales and results record in 2021

PSI Software SEAnnouncement

29/03/2022 08:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220329:nRSc3696Ga&default-theme=true

RNS Number : 3696G  PSI Software AG  29 March 2022

 PSI Software AG / Key word(s): Annual Results

PSI with new sales and results record in 2021

29.03.2022

The issuer is solely responsible for the content of this announcement.

 PSI with new sales and results record in 2021

- Sales grow 14% in 2021 to 248.4 million euros

- EBIT increased by almost 60% to 23.8 million euros

- Operative cash flow jumps to 38.8 million euros

Performance indicators (KEUR)  Jan. 1 - Dec. 31, 2021  Jan. 1 - Dec. 31, 2020  Change
 Sales                          248,389                 217,795                 +14.0%
 EBIT                           23,809                  14,948                  +59.3%
 Group net result               15,837                  10,280                  +54.1%
 Earnings per share (EUR)       1.01                    0.66                    +53.0%

 

 Berlin, March 29, 2022 - PSI Group increased sales by 14% in fiscal 2021 to a
 new record value of 248.4 million euros (Dec. 31, 2020: 217.8 million euros).
 EBIT improved by almost 60% to 23.8 million euros (Dec. 31, 2020: 14.9 million
 euros), while guidance accounted for 20 million euros in 2021. Group net
 income rose by 54% to 15.8 million euros (Dec. 31, 2020: 10.3 million euros)
 and earnings per share increased accordingly to 1.01 euros (Dec. 31, 2020:
 0.66 euros). New orders accounted for a record value of 266 million euros
 16.2% above the previous year (Dec. 31, 2020: 229 million euros), while the
 order book volume at year-end increased by 7.4% to 160 million euros (Dec. 31,
 2020: 149 million euros).

The Energy Management segment (energy networks, energy trading, public
 transport) recorded a 16.2% increase in sales to 139.4 million euros (Dec. 31,
 2020: 120.0 million euros), while EBIT improved to 8.3 million euros (Dec. 31,
 2020: 6.0 million euros). The Electrical Grids division received numerous
 orders for "Redispatch 2.0," an EU regulation with the aim of having the
 distribution grids participate in balancing the wind and solar parks. As
 expected, the Swiss PSI Neplan contributed 4.1 million euros in sales with an
 11% EBIT margin after amortization. The Gas Networks and Pipelines division
 has successfully converted German customers to Upgrade-as-a-Service. A
 nationwide energy network in Poland is supplied with the new control system
 based on the PSI platform. The Public Transport segment celebrated further
 successes with the market-leading software for electric bus depots.

 Sales in the Production Management segment (metal production, industry,
 logistics) were increased by 11.5% to 109.0 million euros (Dec. 31, 2020: 97.8
 million euros), while EBIT improved to 16.7 million euros thanks to improved
 results by all major divisions (Dec. 31, 2020: 11.8 million euros). The Metals
 Production division is converting its planning modules to PSI standard
 components and significantly increased all key performance indicators. The
 Automotive & Industry segment also contributed double-digit profit
 margins. In Logistics and the Polish market, the new multi-cloud app store was
 tested.

 The Group's headcount on December 31, 2021 increased by 167 year-on-year to
 2,223 thanks to new hires in Germany, Poland and the US (Dec. 31, 2020:
 2,056). Cash flow from operating activities increased significantly to 38.8
 million euros (Dec. 31, 2020: 24.8 million euros). Cash and cash equivalents
 at year-end increased to 67.5 million euros despite the higher dividend
 payment (Dec. 31, 2020: 40.5 million euros). In agreement with the Supervisory
 Board, the Executive Board will propose to the Annual General Meeting a
 dividend of 0.40 euros (previous year: 0.30 euros).

 In the reporting year, PSI once again increased expenditure on research and
 development to 32.3 million euros and, among other things, launched a
 multi-cloud app store for industrial applications, from which PSI
 platform-based standard products are delivered on premise or to the PSI cloud,
 but also to private clouds of our Group customers. After launch and adaptation
 to screens, the software is adapted to the customer's operation at runtime
 using workflow technology, PSI Click Design and interface configurators by the
 customer's specialist departments, by integration partners and PSI
 consultants, and later updated via upgrades. After 2 million euros of pilot
 project sales in 2021, over 5 million euros of regular sales are to be sold
 and delivered automatically via the PSI app store in 2022.

 PSI Software makes a significant contribution to the integration of renewable
 energy into electricity grids, decarbonization of the heating and transport
 sectors, and the switch to more climate-friendly, efficient and flexible
 production and logistics processes. The Executive Board therefore expects
 demand for PSI's intelligent software products to continue to rise in 2022.

 In an environment of rising interest rates, raw material, and wage costs, as
 well as a green government agenda, PSI Group is also aiming for an increase in
 new orders and sales of more than 10% and just under 20% in the operating
 result in 2022, in line with the long-term trend.

 The PSI Group develops its own software products for optimizing the flow of
 energy and materials for utilities (energy grids, energy trading, public
 transport) and industry (metals production, automotive, mechanical
 engineering, logistics). The industry-specific products, which are built from
 standard components, are sold both directly and via the multi-cloud PSI App
 Store and can also be customized by customers and partners themselves. PSI was
 founded in 1969 and employs about 2,200 people worldwide. www.psi.de
 (http://www.psi.de/)

Contact:

 PSI Software AG

Karsten Pierschke

Head of Investor Relations and

Corporate Communication

Dircksenstraße 42-44

10178 Berlin

Germany

 Tel. +49 30 2801-2727

Fax +49 30 2801-1000

Email: KPierschke@psi.de

 29.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service
 of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
 Financial/Corporate News and Press Releases.
 Archive at www.dgap.de

 

Berlin, March 29, 2022 - PSI Group increased sales by 14% in fiscal 2021 to a
new record value of 248.4 million euros (Dec. 31, 2020: 217.8 million euros).
EBIT improved by almost 60% to 23.8 million euros (Dec. 31, 2020: 14.9 million
euros), while guidance accounted for 20 million euros in 2021. Group net
income rose by 54% to 15.8 million euros (Dec. 31, 2020: 10.3 million euros)
and earnings per share increased accordingly to 1.01 euros (Dec. 31, 2020:
0.66 euros). New orders accounted for a record value of 266 million euros
16.2% above the previous year (Dec. 31, 2020: 229 million euros), while the
order book volume at year-end increased by 7.4% to 160 million euros (Dec. 31,
2020: 149 million euros).

The Energy Management segment (energy networks, energy trading, public
transport) recorded a 16.2% increase in sales to 139.4 million euros (Dec. 31,
2020: 120.0 million euros), while EBIT improved to 8.3 million euros (Dec. 31,
2020: 6.0 million euros). The Electrical Grids division received numerous
orders for "Redispatch 2.0," an EU regulation with the aim of having the
distribution grids participate in balancing the wind and solar parks. As
expected, the Swiss PSI Neplan contributed 4.1 million euros in sales with an
11% EBIT margin after amortization. The Gas Networks and Pipelines division
has successfully converted German customers to Upgrade-as-a-Service. A
nationwide energy network in Poland is supplied with the new control system
based on the PSI platform. The Public Transport segment celebrated further
successes with the market-leading software for electric bus depots.

Sales in the Production Management segment (metal production, industry,
logistics) were increased by 11.5% to 109.0 million euros (Dec. 31, 2020: 97.8
million euros), while EBIT improved to 16.7 million euros thanks to improved
results by all major divisions (Dec. 31, 2020: 11.8 million euros). The Metals
Production division is converting its planning modules to PSI standard
components and significantly increased all key performance indicators. The
Automotive & Industry segment also contributed double-digit profit
margins. In Logistics and the Polish market, the new multi-cloud app store was
tested.

The Group's headcount on December 31, 2021 increased by 167 year-on-year to
2,223 thanks to new hires in Germany, Poland and the US (Dec. 31, 2020:
2,056). Cash flow from operating activities increased significantly to 38.8
million euros (Dec. 31, 2020: 24.8 million euros). Cash and cash equivalents
at year-end increased to 67.5 million euros despite the higher dividend
payment (Dec. 31, 2020: 40.5 million euros). In agreement with the Supervisory
Board, the Executive Board will propose to the Annual General Meeting a
dividend of 0.40 euros (previous year: 0.30 euros).

In the reporting year, PSI once again increased expenditure on research and
development to 32.3 million euros and, among other things, launched a
multi-cloud app store for industrial applications, from which PSI
platform-based standard products are delivered on premise or to the PSI cloud,
but also to private clouds of our Group customers. After launch and adaptation
to screens, the software is adapted to the customer's operation at runtime
using workflow technology, PSI Click Design and interface configurators by the
customer's specialist departments, by integration partners and PSI
consultants, and later updated via upgrades. After 2 million euros of pilot
project sales in 2021, over 5 million euros of regular sales are to be sold
and delivered automatically via the PSI app store in 2022.

PSI Software makes a significant contribution to the integration of renewable
energy into electricity grids, decarbonization of the heating and transport
sectors, and the switch to more climate-friendly, efficient and flexible
production and logistics processes. The Executive Board therefore expects
demand for PSI's intelligent software products to continue to rise in 2022.

In an environment of rising interest rates, raw material, and wage costs, as
well as a green government agenda, PSI Group is also aiming for an increase in
new orders and sales of more than 10% and just under 20% in the operating
result in 2022, in line with the long-term trend.

The PSI Group develops its own software products for optimizing the flow of
energy and materials for utilities (energy grids, energy trading, public
transport) and industry (metals production, automotive, mechanical
engineering, logistics). The industry-specific products, which are built from
standard components, are sold both directly and via the multi-cloud PSI App
Store and can also be customized by customers and partners themselves. PSI was
founded in 1969 and employs about 2,200 people worldwide. www.psi.de
(http://www.psi.de/)

Contact:

PSI Software AG

Karsten Pierschke

Head of Investor Relations and

Corporate Communication

Dircksenstraße 42-44

10178 Berlin

Germany

Tel. +49 30 2801-2727

Fax +49 30 2801-1000

Email: KPierschke@psi.de

 

 

29.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service
of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

 

 Language:     English
 Company:      PSI Software AG
               Dircksenstraße 42-44
               10178 Berlin
               Germany
 Phone:        +49 (0)30 2801-0
 Fax:          +49 (0)30 2801-1000
 E-mail:       ir@psi.de
 Internet:     www.psi.de
 ISIN:         DE000A0Z1JH9
 WKN:          A0Z1JH
 Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in
               Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
 EQS News ID:  1313771

 

 End of News  DGAP News Service

1313771  29.03.2022

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAJLMFTMTATMLT