DGAP-News: P&I Personal & Informatik AG / Key word(s): Quarter Results/Quarterly / Interim Statement P&I: Successful start to financial year 2016/2017 23.08.2016 / 16:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- In the first three months of the financial year (from April 1 to June 30, 2016), P&I Personal & Informatik AG (P&I) generated revenue of EUR 32.0 million (previous year: EUR 27.8 million) and EBIT of EUR 13.2 million (previous year: EUR 11.2 million). EBITDA amounted to EUR 14.1 million (previous year: EUR 12.0 million). This corresponds to a market-leading EBITDA margin of 44.0 % (previous year: 43.0 %). The P&I Group reported a DFVA/SG result of EUR 14.6 million (previous year: EUR 11.6 million). The P&I Group employs 409 people on average (FTE). "The result we have generated underlines again the success of our strategy to focus all our efforts on the needs of our customers," explains Vasilios Triadis, CEO of P&I. "At the same time, it confirms our product philosophy of meeting increasing expectations of a hybrid solution including the cloud and software on demand. Revenue and earnings correspond to our ambitious expectations and underpin our planning for the whole financial year." In the first three months, consolidated revenue increased by 14.8 % year- on-year to EUR 32.0 million (previous year: EUR 27.8 million). Recurring services again enjoyed above-average growth of 26.5 % to EUR 18.6 million (previous year: EUR 14.7 million). Maintenance income, software as a service (SaaS) income and recurring income under service agreements are combined in this separate revenue category. P&I generated 58 % of its revenue from recurring revenue business. Consulting services as a whole grew compared with the previous year due to recurring services, whilst traditional "non-recurring business" finished on par with the previous year. The main growth driver in recurring services is the new BIG DATA SaaS business. There was also a pleasing development in maintenance business, which was up on the comparable prior year period as expected due to licence revenue recorded in the previous years. The Management Board sees its original prognosis for the year as a whole confirmed and further expects the Group to record organic growth of around 5 %. Increasing the proportion of recurring services and revenue in total revenue remains a key element of P&I's strategic focus. The Management Board anticipates low double-digit percentage growth in this area and is seeking to achieve a share of more than 60 % of total revenue. On account of the expected revenue growth, the P&I Group is seeking to significantly increase its profitability while maintaining its cost efficiency, with an EBITDA target in the region of EUR 53 million. "P&I is a very special company. The success we have enjoyed for decades is based on 40 years of tradition and experience on one hand and on the other the ability to recognise and take on future challenges at an early stage and respond with a unique, constantly changing portfolio of products," sums up Vasilios Triadis, CEO of P&I. P&I - PURE HR P&I is one of the best-known and most important IT companies within the European HR industry. P&I positions itself as an HR cloud company with innovative software for all tasks relating to HR management. With technological expertise, great passion and maximum commitment, P&I has dedicated itself to the challenges of HR management in its respective product cycles since 1968. Consistent innovations and further developments in the product and service area secure it the top position on the market. Today, P&I has an enormous amount of knowledge. Over more than four decades, P&I products have been enriched with information from multiple tasks and best practices of more than 15,000 customers and consistently further developed. With the HR cloud solution P&I LOGA3 and P&I BIG DATA knowledge pool, P&I presents the market with the most technologically advanced HR software with the most comprehensive range of subject-matter specific HR tasks for payroll, human capital management, talent management and analytics. P&I is therefore making a significant change to HR work. With P&I+, P&I has a premium solution for large public authorities. Consulting, services for all aspects of HR software and HR outsourcing complete the portfolio. This innovative power together with matchless creativity still leads to permanent record results even today. P&I is the driving force for more than 15,000 European end customers, large data centres and international HR service providers. P&I - PURE HR. Nothing else. --------------------------------------------------------------------------- 23.08.2016 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. Archive at www.dgap.de --------------------------------------------------------------------------- 495145 23.08.2016