RCS - PSI Software SE - PSI with Significant Growth

PSI Software SEAnnouncement

25/03/2024 16:45

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RNS Number : 2115I  PSI Software SE  25 March 2024

 PSI Software SE / Key word(s): Annual Results/Preliminary Results

PSI with Significant Growth in Financial Year 2023 and Stabilization of the
 Result in the Final Quarter

21.03.2024 / 10:06 CET/CEST

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

PSI with Significant Growth in Financial Year 2023 and Stabilization of the
 Result in the Final Quarter

Publication of the audited annual financial statements postponed to the end of
 May 2024 at the latest

Berlin, March 21, 2024 - According to preliminary figures, the PSI Group has
 grown significantly in the financial year 2023. New orders increased by 17.2%
 to 296 million euros. Group sales grew by 8.9% to 269.9 million euros due to a
 strong 4th quarter. The operating result, which was burdened by one-off
 effects, stabilized within the planned corridor at 5.6 million euros.

"After the negative effects in the Electrical Grids business in 2022 and 2023,
 we stabilized the situation in the second half of 2023. At the same time,
 PSI's growth momentum is intact and the entire team is working hard to gear
 the company towards profitable growth," says Robert Klaffus, CEO of PSI
 Software SE.

The PSI Group has been affected by the consequences of a cyberattack since
 February 15 and continues to work on the gradual restart of the IT systems and
 operations. PSI will not publish the complete and audited annual financial
 statements as planned on March 28, 2024, but probably by the end of May 2024
 at the latest.

The PSI Group develops software products for optimizing the flow of energy
 and materials for utilities and industry. As an independent software producer
 with more than 2,200 employees, PSI has been a technology leader since 1969
 for process control systems that ensure sustainable energy supply, mobility
 and production by combining AI methods with industrially proven optimization
 methods. The innovative industry products are sold both directly and via the
 cloud-based PSI App Store. www.psi.de

Contact:

PSI Software SE

Karsten Pierschke

Head of Investor Relations and Corporate Communication

Dircksenstraße 42-44

10178 Berlin

Germany

Tel. +49 30 2801-2727

Email: KPierschke@psi.de

21.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News
 - a service of EQS Group AG.

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

The EQS Distribution Services include Regulatory Announcements,
 Financial/Corporate News and Press Releases.
 Archive at www.eqs-news.com

 Language:     English
 Company:      PSI Software SE
               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, Hanover, Munich, Stuttgart, Tradegate Exchange
 EQS News ID:  1864115

 

 End of News  EQS News Service

1864115  21.03.2024 CET/CEST

 

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