DGAP-Adhoc: As a Result of One-off Expenditures PSI No Longer Sticks to Prognosis for 2013

PSI Aktiengesellschaft / Key word(s): Change in Forecast

24.09.2013 07:52

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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As a Result of One-off Expenditures PSI No Longer Sticks to Prognosis for
2013

As a result of one-off encumbrances from past risks from 2009 and increased
one-off expenditures for the development of an energy management system for
rail electricity and the development of a transportation management system
for logistics service providers, the PSI AG expects a negative EBIT of -2.8
million Euros in the third quarter of 2013. For the fourth quarter of 2013,
the Management Board now expects a positive result of 4.5 million Euros so
that a positive EBIT of only 5.2 million Euros is expected for the entire
year. Due to general payment risks, this only includes a proportion of the
licences from major contracts. In view of the continuing lack of investment
on the part of energy providers in Europe, the Management Board is reducing
the EBIT planning for the subsequent years to 12 million Euros for 2014 and
15 million Euros for 2015.

The old risks from 2009 include a matter litigation with a former customer
in the Czech Republic which, after years of litigation could be settled out
of court and resulted in an adjustment of 0.8 million Euros. As a result of
the probable loss of unused tax losses due to the short-term shareholding
of above 25 % in PSI AG by an investor in 2009, the group net result will
be affected by a 0.6 million higher tax charge.

With the rail electricity system, PSI is making itself less dependent on
the weak demand by the energy suppliers in the European market. With the
transportation management system PSI hopes to profit from the constantly
growing Internet mail-order business.

As a result of the Internet mail-order boom and increasing industrial
networking, the demand for transport logistics solutions is growing by
about 10 % per year. Many of the existing systems are very old and cannot
handle the requirements of increasing Internet integration, short
transportation times and automation. Due to the resulting needs for
replacement, PSI has extended the existing shipping software with
components that are necessary for the transportation logistics of larger
logistics service providers and industrial groups.

The pilot orders require a higher rate of investment than originally
planned. In particular a business process management (BPM) is also being
developed that is intended to be integrated group-wide into the PSI
software as of 2015, so as to significantly reduce the costs for the
adaption to the customer needs of the business processes contained in the
standard software.

In view of the intensive cost-savings of the electricity suppliers in the
home market for the last four years, PSI is further expanding the segment
for rail electricity systems. The rail electricity portfolio has to date
been lacking the energy management system for high voltage and power plant
control.

Should the new German administration pass a new energy market design which
unlocks the investment backlog in the energy grids, the budget figures for
the energy business could be drastically increased.

On the basis of its own software products, PSI AG develops and integrates
complete solutions for energy management (gas, oil, electricity, heat,
energy trading), production management (mining, metals, automotive,
mechanical engineering, logistics) and infrastructure management for
transport and safety. PSI was founded in 1969 and em-ploys more than 1,600
persons worldwide. www.psi.de

PSI AG
Karsten Pierschke
Head of Investor Relations and Corporate Communications
Dircksenstraße 42-44
10178 Berlin
Germany

Phone +49 30 2801-2727
Fax +49 30 2801-1000
E-Mail: KPierschke@psi.de

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Language: English
Company: PSI Aktiengesellschaft
Dircksenstraße 42-44
10178 Berlin
Germany
Phone: +49 (0)30 2801-0
Fax: +49 (0)30 2801-1000
E-mail: ir@psi.de
Internet: www.psi.de
ISIN: DE000A0Z1JH9
WKN: A0Z1JH
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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