EANS-News: P&I Personal & Informatik AG / Further increase in profitability

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6-month report

Subtitle:
• 3.6 per cent sales growth
• EBIT margin: 22.7 per cent

Wiesbaden (euro adhoc) - P&I Personal & Informatik AG recorded an
increase in sales when compared to the previous year of 3.6 per cent
to 34.6 million euros during the first half-year of fiscal 2011/2012
(April 1, 2011 to September 30, 2011). The result before taxes and
interest (EBIT), which grew to 7.8 million euros, corresponds to an
EBIT margin of 22.7 per cent and this means that an increase of
virtually 10 per cent was recorded when compared to the previous
year. The operating result before depreciations (EBITDA) amounted to
8.8 million euros. The P&I Group is pleased to announce a result of
5.8 million euros after tax (EAT) and the Group also employed an
average of 331 employees (FTE).

"We started the new fiscal year with a satisfactory first quarter and
we have built on this during the second quarter", declared Vasilios
Triadis, Chairman of the Board of Directors of P&I. "The present
level of incoming orders tells us that we will once again be
presenting a prosperous annual financial statement. We are
particularly pleased with the positive development of our EBIT
margin. The quality offensive that we implemented for our software
products and our services is really paying off."

The licensing business grew by 6 per cent to 9.2 million euros during
the first half-year when compared to the previous year and this
represents a 27 per cent share of total Group sales.

The maintenance business has developed as planned and revenue
amounted to 14.3 million euros (previous year: 12.9 million euros).
41 per cent of the P&I Group´s sales were generated by the recurring
maintenance business.

The consulting business sector recorded a slight decline in sales of
0.8 million euros to 10.0 million euros as compared to the comparable
period during the previous year, but sales recorded during the first
half-year of the previous year were actually higher than normal due
to a special item resulting from the completion and invoicing of a
major fixed-price project. 29 per cent of the overall P&I Group sales
were generated from this business sector.

P&I realised domestic sales of 27.9 million euros (previous year:
26.0 million euros), which represents 81 per cent of total sales.
International sales dipped slightly to 6.7 million euros (previous
year: 7.4 million euros).

As the cost increases turned out to be only 0.5 million euros when
compared to the previous year, an increase in the operating result
has been recorded as a direct result of the growth in sales. This
represents an increase of 0.7 million euros to 7.8 million euros when
compared to the previous year´s result.

All in all, P&I can restate its forecasts for fiscal 2011/2012: We
should see a slight growth in sales as compared to the previous
reporting year and the Group´s EBIT margin should remain at the high
level that was realised during the previous 2010/2011 fiscal year.

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

end of announcement euro adhoc
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company: P&I Personal & Informatik AG
Kreuzberger Ring 56
D-65205 Wiesbaden
phone: +49(0)611 7147 267
FAX: +49(0)611 7147 367
mail: aktie@pi-ag.com
WWW: www.pi-ag.com
sector: Software
ISIN: DE0006913403
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf
language: English