EANS-News: P&I Personal & Informatik AG / Best half-year ever at P&I

- Two-digit sales growth

- 21.4 per cent EBIT margin

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

6-month report

Subtitle:
- Two-digit sales growth
- 21.4 per cent EBIT margin

Wiesbaden (euro adhoc) - P&I Personal & Informatik AG generated an
increase in sales as compared to the previous year of 10.5 per cent
to 33.4 million euros in the first half-year of fiscal 2010/2011
(April 1, 2010 to September 30, 2010) and consequently recorded the
best half-year in the history of P&I. The result before taxes and
interest (EBIT) was 7.1 million euros, which corresponds to an EBIT
margin of 21.4 per cent that remains at the previous year´s level.
Unplanned extraordinary costs reduced the Company´s earning power in
the first half-year. The result before depreciations amounted to 8.3
million euros. The P&I Group announces a result of 5.2 million euros
after tax (EAT).

"The first quarter was the best in the history of P&I and we have
managed to continue this positive development during the second
quarter and have therefore realised the best ever half-year recorded
by the Company", said Vasilios Triadis, Chairman of the Board of
Directors of P&I AG. "Our intuition regarding trends, our sensitivity
to the requirements of our customers and our answers in the form of
innovative, sustainable solutions combined with the extensive range
of services that we provide are the foundations on which our
sustained growth is built."

The software licensing business increased by 5 per cent to 8.7
million euros during the first half-year as compared to the same
period in the previous year and this corresponds to a 26 per cent
share of the Group´s overall sales. Less growth was recorded in the
software licensing business when compared to the overall Company
growth and this was a direct consequence of the economic crisis, in
which investments made by customers were clearly reduced. The latest
positive development in the new customer business is also extremely
gratifying.

The weak growth in the software licensing business was more than
compensated by the huge increase in the consulting business sector,
in which sales increased by 15.2 per cent to 10.7 million euros. The
consulting business generated 32 per cent of the P&I Group´s overall
sales. Revenue of 12.9 million euros was generated in the Maintenance
business. This is a year-on-year increase of 1.0 million euros or 8.6
per cent and represents a virtual 39 per cent share of overall Group
sales. P&I realised 26 million euros (previous year: 23.9 million
euros) worth of our sales domestically. International sales developed
positively to 7.4 million euros (previous year: 6.3 million euros).

The operative result of 7.1 million euros remains constant when
compared to the previous year, despite the high growth rate. This was
due to a one-off cost effect that was incurred that totalled 2.2
million euros. This covered the personnel costs arising as a result
of Dr. Voß, a member of the Board of Directors, exercising his
special resignation rights on September 30, 2010 and the resulting
Company payment liabilities as well as the legal and consultation
costs incurred by the Company in conjunction with the disagreements
between the members of the Supervisory Board and disagreements
between various shareholder groups. The Company had no choice but to
seek legal advice to defend itself against putative Supervisory Board
resolutions.

All in all, P&I can restate its forecasts for fiscal 2010/2011:
Growth in sales compared to last year with an increase in licensing
sales of up to 10 per cent should lead to an EBIT margin equal to the
high level recorded in fiscal 2009/2010.

end of announcement euro adhoc
--------------------------------------------------------------------------------

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, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade