EANS-News: P&I Personal & Informatik AG / Continued solid growth

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

annual result

Subtitle: • EBIT margin of 25.7 per cent • Controlling and profit
transfer agreement registered on September 9, 2011

Wiesbaden (euro adhoc) - The Supervisory Board of P&I Personal &
Informatik AG adopted the Company's annual financial statement for
fiscal 2011/2012 during the meeting that was held yesterday.

The P&I Group recorded sales of 70.6 million euros in fiscal
2011/2012 (April 1, 2011 to March 31, 2012) (previous year: 69.1
million euros) and earnings before tax and interest (EBIT) of 18.1
million euros (previous year: 15.4 million euros). This represents an
EBIT margin of 25.7 per cent (previous year: 22.3 per cent). The P&I
group have announced an after tax (EAT) result for this period of
15.9 million euros (previous year: 10.9 million euros). Earnings per
share amount to 2.12 euros (previous year: 1.44 euros). The P&I Group
employed an average of 331 employees (FTE, previous year: 333).

A controlling and profit transfer agreement has existed between P&I
AG and Argon GmbH since April 1, 2011. Therefore the annual net
profit shown in P&I's annual financial statement for fiscal 2011/2012
has been ceded to Argon GmbH and the profit for 2011/2012 amounted to
15,227,000 euros (previous year: 0 euros).

The outside shareholders of P&I AG will be paid a compensation
payment amounting to 1.55 euros per P&I share after tax by Argon GmbH
instead of a dividend.

"Profitability always has been and still is very important to P&I"
said Vasilios Triadis, Chairman of the Board of Directors at P&I.
"The EBIT margin of 25.7 per cent is the basis for continued growth.
For us, growth means: investing in the further development of our
range of P&I products. This year we invested 19.5 per cent (previous
year: 18.3 per cent) of our sales revenue in further development."

The P&I Group increased overall sales slightly by 2.2 per cent from
69.1 million euros to 70.6 million euros.

Sales of 29.8 million euros were realised in the Maintenance
business. This shows a year-on-year increase of 3.3 million euros or
12.5 per cent and represents a 42 per cent share of overall Group
sales.

After the strong increase in Licensing sales recorded during the
previous year, which was characterised by a backlog demand resulting
from the economic crisis, this P&I business sector has recorded a
slight increase in licensing sales when compared to the previous year
as a result of continued high licensing sales. Licence sales amounted
to 17.1 million euros. This means that 24.1 per cent of overall Group
sales came from the licensing business. New customer acquisitions
became the growth engine in addition to a multitude of small and
medium sized projects undertaken with our existing customers.
Innovative module solutions, the time management solution and the
web-based HCM HR solution were all extremely popular.

The Service business recorded a slight decline in sales of 1.7
million euros as compared to the previous year, but still remains at
its level from 2009/2010 as special effects were posted during the
previous year. The Consulting / System Integration business sector
generated sales of 21.4 million euros for the P&I Group. This
corresponds to 30.4 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.

P&I recorded national sales of 55.9 million euros (previous year:
54.6 million euros) or 79 per cent of total sales and 14.7 million
euros (previous year: 14.5 million euros) in the international
business sector.

The operating result was characterised during fiscal 2011/2012 by
moderate sales growth and reduced costs as compared to those recorded
during the previous year. One-off costs that amounted to
approximately 3.4 million euros (for legal consultations in
particular) were recorded during the previous year and these resulted
from the conflicts between groups of shareholders and the change to
the shareholding structure. The elimination of these costs has
enabled EBIT growth and this has given the Company an EBIT margin of
25.7 per cent.

The forecast of the Board of Directors for the coming business year
2012/2013, after taking the acquisition of Mirus AG into
consideration, is that there should be overall sales of approximately
80 million euros together with an EBIT margin that is comparable to
the level realised during the previous year. A sales increase in the
18 - 20 million euros range is planned for the Licensing business
sector. As they stand at the moment, the Board of Director's
expectations for fiscal 2013/2014 are moderate increases in earnings,
operating cashflow and sales throughout the Group. Under the
assumption that the global economy will develop positively, P&I will
be able to continue to delight their customers with new solution
ideas and excellent service.

"We are never content with just being good. We always want to be the
best and provide the best products," said Vasilios Triadis, Chairman
of the Board of Directors at P&I. "Customers are looking for
credibility and substance and not fleeting trends! P&I stands for
these values first and last." The company results will be presented
in detail at the balance sheet press conference to be held on June
14, 2012. The annual report will be published on the Company's
homepage simultaneously.

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

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

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: free trade: Berlin, Hamburg, Düsseldorf, Stuttgart, regulated
dealing/prime standard: Frankfurt
language: English