P&I: Profit increase with sales growth for the first half year of fiscal 2007/2008

• Sales increased by 6 million to 30 million euros
• EBIT margin at 22.5 per cent
• Software licensing sales risen by 71.4 per cent

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companies/Half-Year-Report

Wiesbaden (euro adhoc) - In the first six months of the 2007/2008
fiscal year (April 1 to September 30, 2007), the P&I group attained
earnings before interest and taxes (EBIT) of 6.7 million euros (same
period previous year 4.7 million euros), increasing the EBIT margin
from 19.4 to 22.5 per cent. Total sales increased by 24.8 per cent to
30 million euros. This includes software licensing sales of 9.8
million euros, which have increased by an impressive 71.4 per cent
compared to the previous year´s sales level. In the earnings after
tax (EAT), the P&I group reports an improvement from 3.2 million to
4.7 million euros. The earnings before depreciation (EBITDA)
increased from 6.3 to 8.5 million euros. This confirms the
corporation´s interim result released on October 31, 2007.

The P&I share price continued to show positive development up to
mid-year. It began at 18 euros and finished at the end of September
2007 at 20.90 euros. Taking into account the dividend payment of 1
euro during the same period, the share price increased by 21 per
cent.

After a very strong first quarter in sales and results, P&I was again
able to increase sales from the first to second quarter by a
double-digit percentage, from 12.5 million to 14.3 million euro. The
operative result in the second quarter amounts to 2.4 million euros
and is charged with a special item from a share-based payment system.
An operative result of 6.7 million euros in the first six months and
an EBIT margin of 22.5 per cent makes P&I one of the successful
companies in the IT business.

Striking increase in the licensing and consulting business segment
have been crucial for sales growth in the first 6 months of fiscal
2007/2008.

Licensing sales increased from the previous year from 4.1 to 9.8
million euros. In addition to sales from a long-term project
overseas, in the second quarter many projects with new customers in
the domestic market again played a role. Licensing share of total
company sales amounts to 33 per cent.

In the maintenance business, sales of 10.9 million euros were
achieved. This means an increase of 0.9 million euros or 8.5 per cent
compared to the same time period in the previous year. This business
area contributes 36 per cent of company sales.

The service business increased by 12.4 per cent or 0.9 million euros.
With sales of 8.6 million euros (previous year 7.7 million euros),
P&I attained 29 per cent of its sales from the consultancy/SI
business.

"In the second quarter, licensing sales have also increased in
double-digit figures. The results in the first six months are
according to plan", announced Vasilios Triadis, P&I´s CEO.
"State-of-the-Art technology, high quality and absolute on time
delivery are our standards. We are convinced of P&I´s enduring
success and will work consistently to achieve our growth strategy."

At the same time, P&I confirmed the forecast for the end of the
2007/2008 fiscal year, with the intention of increasing sales by
approximately 10 per cent via organic growth and establishing the
EBIT margin above 20 per cent.

end of announcement euro adhoc 08.11.2007 07:04:53
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ots Originaltext: P&I Personal & Informatik AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Andreas Granderath
Telefon: +49(0)611 7147 267
E-Mail: agranderath@pi-ag.com

Branche: Software
ISIN: DE0006913403
WKN: 691340
Index: CDAX, Prime All Share, Technologie All Share
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