DGAP-News: P&I Personal & Informatik AG / Key word(s): Final Results P&I Personal & Informatik AG: P&I grew under its own steam last year 27.05.2014 / 15:20 --------------------------------------------------------------------- * Increase in total revenue: 18.2% * EBIT margin: 32.4% In the 2013/2014 financial year, P&I Personal & Informatik AG (PUIG.F, Frankfurt Stock Exchange) generated earnings before interest and taxes (EBIT) of EUR 31.5 million (previous year: EUR 24.0 million) with revenue of EUR 97.1 million (previous year: EUR 82.1 million). This corresponds to a market-leading EBIT margin of 32.4% (previous year: 29.3%). Including non-operating non-recurring effects, adjusted EBIT amounted to EUR 33.1 million and the adjusted EBIT margin to 34.1%. The P&I Group reported earnings after taxes (EAT) of EUR 21.0 million (previous year: EUR 20.2 million). The Group had an average of 382 employees (FTEs). "In customers' consciousness, P&I has stood for simple and understandable products for many years. The P&I philosophy is based on specific principles that have evolved over the years. They guide our actions and distinguish our successful business model," explains P&I CEO Vasilios Triadis. "We are pleased with the result of the past financial year. We achieved our targets and gave the company a new outlook with P&I BIG DATA. This is also reflected in the results." In the 2013/2014 financial year, the P&I Group increased consolidated revenue by 18.2% to EUR 97.1 million through organic growth. Licence revenue grew to an above-average extent compared with the previous year, increasing by EUR 8.2 million to EUR 28.7 million or 30% of total consolidated revenue. P&I's business is characterised by continuously high licence revenue. The increase is mainly due to the launch of a major project, which resulted in licence revenue of a high seven-figure sum. SaaS revenue is being reported as a separate revenue category for the first time in the P&I Group in the 2013/2014 financial year (previously reported under other revenue). SaaS business enjoyed dynamic development, with revenue growing by 53.8% from the restated prior-year figure of EUR 2.3 million to EUR 3.5 million in the period under review. Consulting business also developed robustly year on year. Increasing by EUR 2.8 million, total annual revenue amounted to EUR 26.1 million (previous year: EUR 23.3 million. This equates to 27% of the P&I Group's total revenue. As expected, P&I maintenance income grew; in total, revenue of EUR 36.1 million was generated. That is a 6.1% increase year on year, accounting for 37% of total revenue. P&I realised EUR 76.1 million (previous year: EUR 62.4 million) or 78% of its revenue in Germany. This year-on-year revenue growth is primarily attributable to the higher level of licence revenue. At EUR 21.0 million, revenue generated outside Germany was also up on the same period of the previous year (EUR 19.8 million). In the 2013/2014 financial year, the P&I Group's results of operations were characterised by organic growth at the same time as a comparatively moderate increase in costs. As things stand, the Management Board presents the following outlook for the 2014/2015 financial year: In the 2014/2015 financial year, the Management Board is anticipating consolidated revenue of over EUR 100 million with total revenue growth of 5-7%. Licence revenue, which mainly depends on the generation of new customer business and the progress of major projects, is expected at the same level as in the previous year. Increasing the proportion of recurring services and revenue in total revenue is part of P&I's strategic focus. The Management Board expects year-on-year growth of a mid-range seven-figure sum here. Due to the expected revenue growth, the P&I Group's profitability will increase alongside greater cost efficiency. If the licence revenue target is met, it is realistic to expect the EBIT margin to climb towards 35-37%, corresponding to EBIT of approximately EUR 35-37 million. "All P&I employees are working with the vision of finding the right impetus for sustainable growth at P&I. That is not always easy and does not always bring quick success. But every step and every decision we take brings us closer to our goal," sums up P&I CEO Vasilios Triadis. "We are therefore confident that we will continue achieving our targets in future." The results will be presented in detail at the accounts press conference on June 12, 2014. The annual report will be published on the company's website at the same time. End of Corporate News --------------------------------------------------------------------- 27.05.2014 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 --------------------------------------------------------------------- 270772 27.05.2014