EANS-News: Further record year for P&I

• 7.2 per cent sales growth

• EBIT margin at 24.2 per cent

• Proposed dividend of 1.10 euros

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annual result

Subtitle: • 7.2 per cent sales growth
• EBIT margin at 24.2 per cent
• Proposed dividend of 1.10 euros

Wiesbaden (euro adhoc) - The P&I Group recorded sales of 63.3 million
euros in fiscal 2009/2010 (April 1 2009 to March 31, 2010) (previous
year: 59.0 million euros) and earnings before tax and interest (EBIT)
of 15.3 million euros (previous year: 13.1 million euros). This
represents an EBIT margin of 24.2 per cent (previous year: 22.2 per
cent). For the German Association of Financial Analysts and
Investment Consultants / Schmalenbach Society, DVFA/SG) earnings
after tax (EAT), the P&I group can announce a result of 10.9 million
euros (previous year: 9.0 million euros). Earnings per share for
fiscal 2009/2010 are 1.45 euros as compared to the previous year's
1.17 euros. The P&I Group employed an average of 334 employees (FTE,
previous year: 306).

The Board of Directors of P&I Personal & Informatik AG intends to
propose a dividend distribution at the AGM to be held on September 1,
2010 that amounts to 1.10 euros (previous year: 1.00 euro) per share.
The dividend represents approximately 83 per cent of P&I AG's annual
profit for fiscal 2009/2010 (April 1, 2009 to March 31, 2010), which
amounts to 10.0 million euros.

The P&I Group increased its total sales by 7.2 per cent from 59.0
million euros to 63.3 million euros, which means that we exceeded the
target that we set for ourselves. The sales growth recorded during
the fiscal year just ended was bolstered by a strong service business
and growth in the high profit maintenance business. "Addressing" our
existing customers with intelligent software upgrades and the
intensification of the consulting business with regard to improving
our customer support were the significant factors that contributed to
this success.

Sales of 24.3 million euros were realised in the Maintenance
business. This shows a year-on-year increase of 3.2 million euros or
15 per cent and represents a 38 per cent share of overall Group
sales. The excellent maintenance business is mainly the result of the
successful licence sales realised during the previous year. The
acquisition-contingent maintenance sales amounted to 0.9 million
euros.

The service business also recorded double digit sales growth. P&I
recorded a 12 per cent or 2.2 million euros increase over the
previous year in the Consulting / SI business sector which grew to
21.3 million euros. This corresponds to 34 per cent of the overall
P&I Group sales. Shown here are revenues, aside from those arising
from introductory projects and from ongoing support for existing
customers, also from seminars and training courses.

Overall licensing sales dropped back as expected due to a negative
one-off effect posted in the previous year. However, as a result of
the conclusion of a variety of small and medium sized projects the
P&I Group was only able to realise licence sales of 15.5 million
euros, which corresponds to a year-on-year decline of 10 per cent
when compared to the previous year´s sales of 17.2 million euros. P&I
realised domestic sales of 49.4 million euros (previous year: 46.8
million euros) or 78 per cent of total sales, with international
sales of 13.9 million euros (previous year: 12.2 million euros).

The operating result increased by 17 per cent to 15.3 million euros.
The P&I Group also instigated a policy of financial sustainability
during the ongoing crisis. Our commitment to long-term and continuous
investment continued to be implemented: Investments were made in
further developing our range of products, in customer satisfaction
and in our employees. The P&I Group realised its business goals and
we have also successfully maintained our position, even in the
current economic and financial crisis.

The Board of Directors are planning on a slight overall surge in
sales growth in the coming fiscal year as compared to the past year
under review. P&I will be aiming to realise sales growth of up to 10
per cent in the licensing sector, which should be in the region of 16
to 17 million euros. However, if enterprises cut back their
investment budgets as a result of the economic and financial crisis,
this is likely to affect P&I's new business negatively, particularly
in licensing sales. We are aiming to maintain annual sales in the
Consulting sector at the previous year's level.

Our stable customer base has enabled the P&I Group to generate more
than 38 per cent of sales through recurring maintenance services.
Organic growth potential of 5 per cent has been incorporated in our
planning. Investment in the Group´s future has also been planned for
the coming year. Further technical software development, production
of the new On-demand software module, reinforcing the organisation,
safeguarding our employees´ expertise as well as expanding the range
of services provided to our customers are all important planning
components. The EBIT margin will therefore be maintained at the high
level that it has already reached.

P&I will continue to pursue its attractive dividend policy and pay
out dividends of at least 50 per cent of the net profit shown in the
annual financial statements of P&I Personal & Informatik AG. Due to
the changed basic conditions, the long-term (organic) goal of sales
of around 80 million euros, should now be realised by 2014, whereas
the EBIT margin should also grow towards 25 per cent.

"We have all worked very hard over the last six years: sales have
increased, costs have been kept under control and our Group has been
strengthened. The Group EBIT has increased in the meantime from 5.2
million euros in fiscal 2004/2005 wiht an EBIT margin of 11.6 per
cent to more than 15.3 million euros with an EBIT margin of 24.2 per
cent", said Vasilios Triadis, Chairman of the Board of P&I. "This
success is based on our trading principle of assuming responsibility
for all of our business activities. Our claim as a specialist
provider of integrated HR management processes is that we are the
best there is."

Note:

The information concerning the balance sheet figures and other
information relating to fiscal 2009/2010 has been compiled by the
Board of Directors and has been granted an unqualified audit
certificate by the auditor. This information can be found in either
the annual financial statement or the consolidated financial
statement. However, neither the annual financial statement nor the
consolidated financial statement has been previously approved the
company´s Supervisory Board. Therefore the annual financial statement
and the consolidated financial statement have not yet been published
in accordance with § 325 HGB.

The P&I-Group in figures:

|Key figures |31.03.2010 |31.03.2009 |Change |Change |
|acc. to IAS |´000 euros |´000 euros |´000 euros |% |
|Group sales |63,297 |59,024 |4,273 | 7.2 % |
|EBITDA |18,148 |15,369 |2,779 |18.1 % |
|EBIT |15,337 |13,098 |2,239 |17.1 % |
|EBT |16,041 |13,673 |2,368 |17.3 % |
|Consolidated | | | | |
|result (DVFA/SG) |10,878 | 8,966 |1,912 |21.3 % |
|Return on Sales |17.2 % |15.2 % |./. |./. |
|EPS (DVFA/SG) |EUR 1.45 |EUR 1.17 |EUR 0.28 |21.3 % |
|BQU * |334 |306 |28 | 9.3 % |
|BQU ** |333 |315 |18 | 5.7 % |
| (ClosingDay) | | | | |

* Number of Employees in average period
** Average employment quotient in average period on closing day

Sales by business segments

| |1.04.-31.03.10|01.04.-31.03.09|01.04.-31.03.08|
| |'000 |Share |'000 |Share |'000 |Share |
| |euro | |euro | |euro | |
| | | | | | | |
|Licences |15,483 | 25 % |17,243 | 29 % |17,376 | 29 %|
|Maintenance |24,332 | 38 % |21,161 | 36 % |22,205 | 38 %|
|Product sales |39,815 | 63 % |38,404 | 65 % |39,581 | 67 %|
|Consulting |21,350 | 34 % |19,101 | 32 % |18,457 | 31 %|
|Other * | 2,132 | 3 % | 1,519 | 3 % | 1,377 | 2 %|
|Total |63,297 |100 % |59,024 |100 % |59,415 | 100 %|

* includes Third Party and ASP (Application Service Providing)

Sales by geograpic segments

| |01.04.-31.03.10 |1.04.-31.03.09|01.04.-31.03.08|
| |'000 |Share |'000 |Share |'000 |Share |
| |euro | |euro | |euro | |
| | | | | | | |
|Germany |49,416 | 78 % |46,816 | 79 % | 47,161| 79 %|
|Austria | 7,462 | 12 % | 6,487 | 11 % | 4,535| 8 %|
|International | 6,419 | 10 % | 5,721 | 10 % | 7,719| 13 %|
|Total |63,297 |100 % |59,024 |100 % | 59,415| 100 %|

Find out more about P&I AG on the Internet: www.pi-ag.com

Press contact:

P&I Personal & Informatik AG
Andreas Granderath / Investor Relations
Kreuzberger Ring 56
D - 65205 Wiesbaden
Tel.: +49 (0) 611 / 7147-267
Fax: +49 (0) 611 / 7147-367
E-Mail: aktie@pi-ag.com

P&I Your Partner for integrated HR Solutions - (ISIN: DE 0006913403)

Almost 400 people - contributing their knowledge, their high level of
dedication and passion - make P&I the premium supplier of integrated
software solutions for human resources management. Regardless of
whether it is payroll, web-based personnel management or time
management: the HR software of P&I AG is cutting edge - with regard
to technological as well as functional attributes. In the meantime,
the P&I LOGA payroll accounting software is now utilised in thirteen
European countries. With the P&I TIME product, P&I now has a
platform-independent and flexibly adaptable standard software
application for time management and is thus positioning an attractive
stand-alone product in the premium segment. Services such as
implementation, consulting, training and HR outsourcing additionally
round off the range of services that P&I offers.

P&I serves its customers through 6 branch offices in Germany and
another 7 offices in other European countries, guaranteeing those
customers reliability and investment protection by means of its large
investments in product research and development. Leading
international HR service providers as well as computer centres rely
on P&I as a product supplier, and over 3,000 direct customers
successfully process their HR business using P&I solutions. They all
place their trust in the high level of expertise that P&I AG has in
the meantime amassed in the course of its more than 40 years of
presence in the market. P&I offers human resource management from one
single source, providing solutions that ensure its customers are
well-prepared for the future. P&I is stock exchange listed in the
Prime Standard segment of the Frankfurt Stock Exchange; in the
business year 2009/2010 it achieved a turnover of 63.3 million euros.

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

Telefon: +49(0)611 7147 267

E-Mail: agranderath@pi-ag.com

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