DGAP-News: P&I Personal & Informatik AG / Key word(s): Quarter Results P&I Personal & Informatik AG: Good start to financial year for P&I 14.08.2014 / 08:30 --------------------------------------------------------------------- * 27 new customers * Growth of 10 % P&I Personal & Informatik AG (PUIG.F, Frankfurt Stock Exchange) has generated revenue of EUR 25.0 million (previous year: EUR 22.6 million) and EBIT of EUR 9.5 million (previous year: EUR 7.5 million) in the first quarter of its new financial year (April 1 to June 30, 2014). This corresponds to a market-leading EBIT margin of 37.9 % (previous year: 33.2 %). EBITDA amounted to EUR 10.0 million (previous year: EUR 8.1 million). The P&I Group reported a DFVA/SG result of EUR 7.4 million (previous year: EUR 5.7 million). The Group employed an average of 394 people (FTEs). "P&I has had a good start to the new financial year in the first quarter," announced Vasilios Triadis, Chairman of the Management Board of P&I. "Revenue and earnings are in line with our expectations and confirm the assumptions of our planning for the financial year as a whole. We are proud that 27 new customers have put their faith in P&I." Consolidated revenue for the first three months climbed by 10.5 % year-on-year as a result of organic growth to EUR 25.0 million (previous year: EUR 22.6 million). For the first time from the start of the 2014/2015 financial year, the P&I Group is reporting recurring revenue as a separate category comprising maintenance income, software as a service (SaaS) income and recurring BIG DATA revenue under service agreements. Taking into account the prior-year adjustment, recurring business grew strongly by 16 % to EUR 12.7 million. 51 % of the P&I Group's revenue is generated in recurring maintenance business. Licence revenue increased by EUR 0.5 million year-on-year to EUR 7.5 million. P&I generated EUR 19.5 million (previous year: EUR 17.5 million) or 78 % of its revenue in Germany. The increase in revenue is essentially due to the rise in recurring maintenance and service business revenue. At EUR 5.5 million, international revenue was also up on the previous year's level (EUR 5.1 million). In the first quarter of the 2014/2015 financial year, the result of operations of the P&I Group was characterised by organic revenue growth coupled with relatively moderate increases in costs. The rise in costs is consistent with planning. The Management Board is confirming its forecast and anticipates consolidated revenue of more than EUR 100 million in the 2014/2015 financial year, corresponding to an EBIT margin of more than 35 %. "P&I is working on the rapid implementation and fine-tuning of P&I BIG DATA. All operating areas are involved in this value-adding process. The utmost commitment and full motivation of everyone at P&I is needed to continue the long-term development of P&I," said Vasilios Triadis, Chairman of the Management Board of P&I. "We are confident of achieving our goals this year as well." --------------------------------------------------------------------- 14.08.2014 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. The DGAP 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 --------------------------------------------------------------------- 282115 14.08.2014