PSI Software AG PSI with new sales and results record in 2021
29 March 2022 - 6:04PM
RNS Non-Regulatory
TIDM0KUR
PSI Software AG
29 March 2022
PSI Software AG / Key word(s): Annual Results
PSI with new sales and results record in 2021
29.03.2022
The issuer is solely responsible for the content of this announcement.
PSI with new sales and results record in 2021
- Sales grow 14% in 2021 to 248.4 million euros
- EBIT increased by almost 60% to 23.8 million euros
- Operative cash flow jumps to 38.8 million eurosPerformance indicators (KEUR) Jan. 1 - Dec. 31, 2021 Jan. 1 - Dec. 31, 2020 Change
Sales 248,389 217,795 +14.0%
EBIT 23,809 14,948 +59.3%
Group net result 15,837 10,280 +54.1%
Earnings per share (EUR) 1.01 0.66 +53.0%
Berlin, March 29, 2022 - PSI Group increased sales by 14% in fiscal 2021 to a new record
value of 248.4 million euros (Dec. 31, 2020: 217.8 million euros). EBIT improved by almost
60% to 23.8 million euros (Dec. 31, 2020: 14.9 million euros), while guidance accounted for
20 million euros in 2021. Group net income rose by 54% to 15.8 million euros (Dec. 31, 2020:
10.3 million euros) and earnings per share increased accordingly to 1.01 euros (Dec. 31, 2020:
0.66 euros). New orders accounted for a record value of 266 million euros 16.2% above the
previous year (Dec. 31, 2020: 229 million euros), while the order book volume at year-end
increased by 7.4% to 160 million euros (Dec. 31, 2020: 149 million euros).
The Energy Management segment (energy networks, energy trading, public transport) recorded
a 16.2% increase in sales to 139.4 million euros (Dec. 31, 2020: 120.0 million euros), while
EBIT improved to 8.3 million euros (Dec. 31, 2020: 6.0 million euros). The Electrical Grids
division received numerous orders for "Redispatch 2.0," an EU regulation with the aim of having
the distribution grids participate in balancing the wind and solar parks. As expected, the
Swiss PSI Neplan contributed 4.1 million euros in sales with an 11% EBIT margin after amortization.
The Gas Networks and Pipelines division has successfully converted German customers to Upgrade-as-a-Service.
A nationwide energy network in Poland is supplied with the new control system based on the
PSI platform. The Public Transport segment celebrated further successes with the market-leading
software for electric bus depots.
Sales in the Production Management segment (metal production, industry, logistics) were increased
by 11.5% to 109.0 million euros (Dec. 31, 2020: 97.8 million euros), while EBIT improved to
16.7 million euros thanks to improved results by all major divisions (Dec. 31, 2020: 11.8
million euros). The Metals Production division is converting its planning modules to PSI standard
components and significantly increased all key performance indicators. The Automotive & Industry
segment also contributed double-digit profit margins. In Logistics and the Polish market,
the new multi-cloud app store was tested.
The Group's headcount on December 31, 2021 increased by 167 year-on-year to 2,223 thanks to
new hires in Germany, Poland and the US (Dec. 31, 2020: 2,056). Cash flow from operating activities
increased significantly to 38.8 million euros (Dec. 31, 2020: 24.8 million euros). Cash and
cash equivalents at year-end increased to 67.5 million euros despite the higher dividend payment
(Dec. 31, 2020: 40.5 million euros). In agreement with the Supervisory Board, the Executive
Board will propose to the Annual General Meeting a dividend of 0.40 euros (previous year:
0.30 euros).
In the reporting year, PSI once again increased expenditure on research and development to
32.3 million euros and, among other things, launched a multi-cloud app store for industrial
applications, from which PSI platform-based standard products are delivered on premise or
to the PSI cloud, but also to private clouds of our Group customers. After launch and adaptation
to screens, the software is adapted to the customer's operation at runtime using workflow
technology, PSI Click Design and interface configurators by the customer's specialist departments,
by integration partners and PSI consultants, and later updated via upgrades. After 2 million
euros of pilot project sales in 2021, over 5 million euros of regular sales are to be sold
and delivered automatically via the PSI app store in 2022.
PSI Software makes a significant contribution to the integration of renewable energy into
electricity grids, decarbonization of the heating and transport sectors, and the switch to
more climate-friendly, efficient and flexible production and logistics processes. The Executive
Board therefore expects demand for PSI's intelligent software products to continue to rise
in 2022.
In an environment of rising interest rates, raw material, and wage costs, as well as a green
government agenda, PSI Group is also aiming for an increase in new orders and sales of more
than 10% and just under 20% in the operating result in 2022, in line with the long-term trend.
The PSI Group develops its own software products for optimizing the flow of energy and materials
for utilities (energy grids, energy trading, public transport) and industry (metals production,
automotive, mechanical engineering, logistics). The industry-specific products, which are
built from standard components, are sold both directly and via the multi-cloud PSI App Store
and can also be customized by customers and partners themselves. PSI was founded in 1969 and
employs about 2,200 people worldwide. www.psi.de
Contact:
PSI Software AG
Karsten Pierschke
Head of Investor Relations and
Corporate Communication
Dircksenstraße 42-44
10178 Berlin
Germany
Tel. +49 30 2801-2727
Fax +49 30 2801-1000
Email: KPierschke@psi.de
29.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.
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Archive at www.dgap.de
Language: English
Company: PSI Software AG
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
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1313771
End of News DGAP News Service
1313771 29.03.2022
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