EANS-News: P&I AG: Successful start to the new fiscal year

• EBIT margin at 26.7 percent

• Sales growth in profitable maintenance business

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finances

Wiesbaden (euro adhoc) - P&I Personal & Informatik AG realised sales
of 15.1 million euros in the first quarter of the current 2009/2010
fiscal year (April 1, 2009 to June 30, 2009), which represents a
pre-tax (EBIT) Group operating result of 4.0 million euros (previous
year: 5.1 million euros) and achieved an EBIT margin of 26.7 percent.
The result before depreciations (EBITDA) amounted to 4.6 million
euros. The P&I Group also reported earnings of 2.8 million euros as
the DFVA/SG (German Association of Financial Analysts and Investment
Consultants/Schmalenbach Society) result. The P&I Group employed an
average of 334 employees (FTE).

The P&I Group remains positive and continues to develop in an
extremely difficult market place. Growth in the high-profit
maintenance business and a strong service business were the
significant factors that contributed to this success. As a result of
the negative one-off effect that amounted to 1.5 million euros that
was posted in the last quarter of the previous year, licensing sales
in this sales category dropped back as expected, however the previous
year´s level, adjusted for the negative one-off effect, will be
maintained.

Revenue of 5.8 million euros was realised from the Maintenance
business (38 percent of total sales). This represents an increase of
0.7 million euros or 13.8 percent as compared to the previous year.

An increase should also be recorded in the service business: P&I
improved on the previous year's result by 0.4 million euros, rising
to 4.5 million euros, with 30 percent of revenues coming from the
Consulting/SI business sector.

Licence sales amounted to 4.5 million euros (previous year: 6.0
million euros). The previous year´s licensing business included a
special project valued at 1.5 million euros. Projects of this size
were not expected to materialise during the first quarter of this
fiscal year. It is proving extremely difficult to win new projects
and new customers in the current market place. It is also gratifying
to be able to announce that we won two important strategic projects
in the public administration sector in the quarter that has just
ended. Licence sales account for 30 percent of total Group sales.

P&I realised 12.0 million euros (previous year: 12.3 million euros)
or 79 per cent of our sales domestically. International sales
developed on target at 3.1 million euros (previous year: 3.3 million
euros).

P&I can confirm our forecast for the full 2009/2010 fiscal year, even
with the current market place being affected by the financial and
world-wide crisis, of licence sales producing between 12 to 16
million euros and total revenue amounting to 56 to 60 million euros.
It will be possible to realise an EBIT margin of 15 to 20 percent
within this context.

"We are still able to talk about a successful start to the new fiscal
year despite the current economic conditions", said Vasilios Triadis,
Chairman of the Board at P&I, "Our sales organisation has been able
to maintain the previous year´s licence sales, even after they were
adjusted for the negative one-off effect, by closing a variety of
projects, especially projects with our long-standing customers. If
our consulting and maintenance sales can also increase then this can
be taken as a clear signal that our customers rely on P&I. Our new
strategic orientation in the consulting sector, which involved the
allocation of specific customer groups, is now bearing fruit and this
together with the expansion of our innovative product portfolio means
that we are well positioned to survive the crisis and we are
therefore extremely confident that we will come out of the crisis a
lot stronger than we were before. P&I is a strong brand."

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

Further inquiry note:

Andreas Granderath

+49 (0)611 7147-267

agranderath@pi-ag.com

Branche: Software
ISIN: DE0006913403
WKN: 691340
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
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