DGAP-News: P&I Personal & Informatik AG / Key word(s): 9-month figures P&I Personal & Informatik AG: Results for first nine months confirm strong profitability 13.02.2014 / 08:30 --------------------------------------------------------------------- * Revenue growth of 14.4 percent * EBIT margin: 29.6 percent In the first nine months of the 2013/2014 financial year (1 April to 31 December 2013), P&I Personal & Informatik AG (P&I) increased its revenue by 14.4 percent to EUR 69.7 million (previous year: EUR 60.9 million) and generated earnings before interest and taxes (EBIT) of EUR 20.6 million (previous year: EUR 17.0 million). This corresponds to an EBIT margin of 29.6 percent (previous year: 27.9 percent). Earnings before depreciation and amortisation amounted to EUR 22.3 million (previous year: EUR 19.0 million). The EBIT margin would have been even higher without the unforeseen extraordinary costs incurred in the reporting period. Taking into account these non-recurring effects, which resulted from costs due to the change in majority shareholder, adjusted EBIT totalled EUR 22.3 million and the adjusted EBIT margin amounted to 32 percent. The P&I Group reported earnings after taxes (EAT) of EUR 19.7 million. The Group had an average of 380 employees (FTEs). 'P&I has succeeded in further expanding its pioneering role in the HR sector with its product and service strategy. Our new products P&I LOGA3 and P&I BIG DATA represent investments in new software technologies that will make system implementation and usage increasingly straightforward and user-friendly. This new generation of software will ensure that we continue on our constant growth path. Our software and services are geared towards the four key themes in IT right now: big data, cloud computing, mobility and social media. A passion for HR is our motivation,' commented P&I CEO Vasilios Triadis. 'Our latest figures underline the success of our growth strategy once again.' In the first nine months of the year, consolidated revenue rose by 14 percent year-on-year to EUR 69.7 million (previous year: EUR 60.9 million). Licence revenue grew above-average compared to last year, increasing by EUR 3.7 million to EUR 19.0 million or 27 percent of total consolidated revenue. The Service business also enjoyed strong performance: at EUR 19.4 million (previous year: EUR 17.3 million), revenue in this segment increased significantly compared to the previous year to account for 28 percent of the P&I Group's total revenue. Maintenance revenue developed in line with forecasts, amounting to EUR 26.6 million after EUR 25.3 million in the previous year; this means that the P&I Group generated 38 percent of its revenue from recurring maintenance services. SaaS (software as a service) revenue is reported as a separate revenue category for the first time in the 2013/2014 financial year (having previously been reported under other revenue). SaaS business enjoyed dynamic development, with revenue growing by 87 percent from the restated prior-year figure of EUR 1.4 million to EUR 2.7 million in the reporting period. P&I realised EUR 53.8 million (previous year: EUR 45.5 million) or 77 percent of its revenue in Germany. This year-on-year revenue growth is primarily attributable to the higher level of licence revenue. At EUR 15.9 million, revenue generated outside Germany was up slightly on the same period of the previous year (EUR 15.4 million). The Management Board is anticipating total revenue of around EUR 91-93 million and licence revenue of EUR 25 million in the 2013/2014 financial year. Under these conditions and with moderate costs increases a slightly higher EBIT margin than in the 2012/2013 financial year is realistic. The elimination of the non-recurring expenses incurred in connection with the change in majority shareholder will increase the EBIT margin further. End of Corporate News --------------------------------------------------------------------- 13.02.2014 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 --------------------------------------------------------------------- 252296 13.02.2014