DGAP-News: P&I Personal & Informatik AG / Key word(s): Half Year Results P&I Personal & Informatik AG: Strong first half-year confirms growth strategy 14.11.2013 / 09:00 --------------------------------------------------------------------- * Revenue growth of 15.0% * EBIT margin rises to 33.5% P&I Personal & Informatik AG (PUIG.F, Frankfurt Stock Exchange) generated revenue of EUR 45.4 million and EBIT of EUR 15.2 million, the best result in the company's history, in the first half of its financial year (April 1 to September 30, 2013). Revenue rose by 15.0% and the EBIT margin climbed by 44.4% to 33.5%. EBITDA amounted to EUR 16.3 million (previous year: EUR 11.9 million). The P&I Group reported a DFVA/SG result of EUR 12.2 million (previous year: EUR 8.6 million). The Group employed an average of 379 people (FTEs). 'Our users can hardly imagine a life without smartphones, and expect correspondingly innovative applications in software to support their business processes. The market expects digital products that are easy to manage and that have an intuitive interface. It is precisely this requirement profile that the innovation strategy we defined three years ago is targeting. The focus is on the mobility of our digital service for all aspects of our software. Our customers have the choice of whether they want to work on-premises or in a public or private cloud,' explained Vasilios Triadis, P&I's CEO. 'The figures for the first half of our financial year confirm that our growth strategy is right. We are satisfied with our results and are growing in all areas.' Consolidated revenue for the first half of the year climbed by 15.0% year-on-year to EUR 45.4 million (previous year: EUR 39.5 million). Licence business expanded strongly by EUR 2.8 million as against the previous year to EUR 13.0 million in the first half of the year, accounting for a share of 29% of the Group's total revenue. Service business also performed very well, up significantly on the same period of the previous year at EUR 12.0 million (EUR 10.7 million). 26% of total revenue in the P&I Group was generated in this business area. Maintenance business developed in line with planning and amounted to EUR 17.5 million (previous year: EUR 16.8 million). 38% of the P&I Group's revenue is generated in recurring maintenance business. The P&I Group is reporting SaaS (software as a service) as a separate revenue category for the first time in the 2013/2014 financial year (previously under other revenue). SaaS business developed dynamically with growth of 80% as against the previous year and, taking into account the prior-year adjustment, climbed from EUR 1.0 million to EUR 1.8 million. P&I generated EUR 35.2 million (previous year: EUR 29.5 million) or 77% of its revenue in Germany. The increase in revenue is essentially due to the growth in licence revenue. At EUR 10.2 million, international revenue was slightly higher than the previous year's level (EUR 10.0 million). On the basis of the results for the first half of the year, the Management Board is raising its previous forecast for the 2013/2014 financial year of total revenue in a range of EUR 86 to EUR 90 million and an EBIT margin on par with the 2012/2013 financial year. The Management Board now anticipates total revenue in a range of EUR 88 to EUR 92 million and licence revenue of EUR 25 million. Under these conditions and with further moderate increases in costs, an EBIT margin at the same level as for the first half of the year is realistic. End of Corporate News --------------------------------------------------------------------- 14.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: P&I Personal & Informatik AG Kreuzberger Ring 56 65205 Wiesbaden Germany Phone: +49 (0) 611 7147-0 Fax: +49 (0) 611 7147-125 E-mail: [email protected] Internet: www.pi-ag.com ISIN: DE0006913403 WKN: 691340 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 239694 14.11.2013