EANS-News: P&I Personal & Informatik AG / Consistent high profitability

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6-month report

Subtitle:
• 14.3 per cent sales growth
• EBIT margin: 26.6 per cent

Wiesbaden (euro adhoc) - P&I Personal & Informatik AG recorded a 14.3
per cent increase in sales when compared to the previous year and
turnover was 39.5 million euros during the first half-year of fiscal
2012/2013 (April 1, 2012 to September 30, 2012). Earnings before
interest and taxes (EBIT) stood at 10.5 million euros (previous year:
7.8 million euros) and an EBIT margin of 26.6 per cent was realised.
The operating result before depreciations (EBITDA) amounted to 11.9
million euros. The P&I Group is pleased to announce a result of 8.6
million euros after tax (EAT) and the Group also employed an average
of 358 employees (FTE).

"Naturally we are delighted to have exceeded the 20 million euros
sales volume fort he first time during this quarter. This result is
mainly due to our successful licensing business", said Vasilios
Triadis, Chairman of the Board of Directors of P&I, "Sales and
earnings recorded during the first half of the year are fully in line
with our planning. Our focus during the second half of the fiscal
year will be on further developing our P&I LOGA HR management
solution as well as our innovative P&I services."

The licensing business grew by 11 per cent to 10.2 million euros
during the first half-year when compared to the previous year and
this represents a 26 per cent share of total Group sales. The
maintenance business has developed as planned and revenue amounted to
16.8 million euros (previous year: 14.3 million euros) and 42 per
cent of the P&I Group's sales were generated by the recurring
maintenance business.

Our service business also recorded sales of 10.7 million euros, which
represents growth of 7 per cent when compared to the sales recorded
during the same period in the previous year. 27 per cent of the
overall P&I Group sales were generated from this business sector. The
remaining sales were acquisition-related and these have grown to 1.8
million euros.

Sales recorded by our international businesses grew from 6.7 million
euros to 10.0 million euros and this figure represents 25 per cent of
the Group's overall sales income as P&I realised domestic sales of
29.5 million euros (previous year: 27.9 million euros), which
represents 75 per cent of total sales.

The increase in sales (5.0 million euros) corresponds with a recorded
increase in costs totalling 2.3 million euros, which mainly arose
from the acquisition of MIRUS Software AG, who were not a member of
the P&I Group during the comparable period in the previous year as
well as cost increases directly related to the increase in the number
of employees. However, the overall costs ratio has been reduced when
compared to the previous year and this is reflected in the EBIT
margin, which has increased to 26.6 per cent.

All in all, P&I can restate its forecast for the 2012/2013 business
year of overall sales totalling 80 million euros after taking into
account the acquisition of Mirus Software AG, the realisation of
Licensing sales in the 18 - 20 million euros region as well as an
EBIT margin of virtually 26 per cent, which is the same level as that
recorded during fiscal 2011/2012.

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