euro adhoc: P&I Personal & Informatik AG / Annual Reports / Provisional figures for fiscal 2005/2006 (Ad-hoc) Significant increase in P&I operating result for fiscal 2005 / 2006

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17.05.2006

The P&I group achieves earnings before interest and taxes (EBIT) of
9.8 million euros for fiscal 2005/2006 (1 April, 2005 to 31 March,
2006) (previous year: 5.2 million euros), boosting the EBIT margin
from 11.6 percent in the previous year to the present 19.6 percent.
Occasioned by agreement reached on the dissolution of a pension
scheme, P&I had already raised its interim forecast on 2 March of
this year from the original six million euros to 7.5 million euros.
P&I group sales have reached 50 million euros. P&I’s sales figures
target was an increase of five to ten percent on the previous year’s
45 million euros.

Factors determining the increase in the result were, for one, a rise
in sales in year-end business. And in contrast to the previous year,
negative impact on earnings of anticipated operating risks was
averted. After the strong third quarter, P&I was able to maintain its
high level of sales. Also contributing to the improvement of the
operating result was the development of large-scale projects. Their
progress was considerably more positive than had been predicted.

For its earnings after tax (EAT) the P&I group can announce an
improvement in its result, rising from 3.4 million euros to 7.5
million euros. This is due, among other reasons, to the bonus effect
arising from an audit by the fiscal authorities. A value adjustment
on a loan made to a foreign subsidiary was recognised as a deductible
operating expense, leading to an increase in earnings of half a
million euros. In addition, the tax burden turned out to be lower
than in the previous year, as the positive results shown by the
foreign companies did not attract any tax charge due to the partially
accumulated loss carry-forwards.

The profit per share amounted to 96 cents, almost 119 percent above
the previous year’s level of 44 cents. The forecast for earnings
after tax for P&I Personal & Informatik AG, Wiesbaden is 6.7 million
euros. The foregoing figures remain subject to the annual auditor’s
final audit. The definitive figures will be announced at the Balance
Sheet Press Conference on 22 June, 2006.

end of announcement euro adhoc 17.05.2006 09:31:54
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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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