DGAP-News: P&I Personal & Informatik AG / Key word(s): Half Year Results P&I Personal & Informatik AG: First half-year reinforces growth strategy 13.11.2014 / 08:30 --------------------------------------------------------------------- * Revenue growth of 12.3 % In the first six months of its financial year (April 1 to September 30, 2014), P&I Personal & Informatik AG (PUIG.F, Frankfurt Stock Exchange) generated revenue of EUR 51.0 million (previous year: EUR 45.4 million) and earnings before interest and taxes (EBIT) of EUR 19.9 million (previous year: EUR 15.2 million). This corresponds to a market-leading EBIT margin of 39.0 % (previous year: 33.5 %). Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 21.0 million (previous year: EUR 16.3 million). The P&I Group reported a DFVA/SG result of EUR 15.5 million (previous year: EUR 12.2 million). The Group employed an average of 390 people (FTEs). "Our figures for the first half of the year underline the fact that our growth strategy is the right one," commented 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." Consolidated revenue for the first half of the year increased by 12.3 % year-on-year to EUR 51.0 million (previous year: EUR 45.4 million). Licence revenue enjoyed above-average growth compared with the previous year, climbing by 21 % to EUR 15.7 million in the first half of the current financial year and accounting for 31 % of the Group's total revenue. 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 from service agreements for the first time with effect from the start of the 2014/2015 financial year. Taking into account the prior-year adjustment, recurring business grew by 15 % to EUR 25.7 million. 50 % of the P&I Group's revenue was generated from recurring business. P&I generated EUR 38.9 million (previous year: EUR 35.2 million) or 76 % of its revenue in Germany. This year-on-year increase is primarily due to the rise in recurring maintenance and service business revenue. Thanks to the extremely good second quarter in the Switzerland segment, international revenue also enjoyed year-on-year growth to EUR 12.1 million (previous year: EUR 10.2 million). 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 %. "The P&I brand, its products and its customers are at the heart of everything we do. The fine-tuning of P&I BIG DATA and the promotion of a lively network of cooperation and communication with our customers are major tasks in which all of our operating units are involved," summarised Vasilios Triadis, Chairman of the Management Board of P&I. "We are confident of achieving our goals this year as well." --------------------------------------------------------------------- 13.11.2014 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 --------------------------------------------------------------------- 296748 13.11.2014