PSI Software AG PSI with new sales and results record in 2021

TIDM0KUR

PSI Software AG

29 March 2022

 
PSI Software AG / Key word(s): Annual Results 
 PSI with new sales and results record in 2021 
 
 29.03.2022 
 The issuer is solely responsible for the content of this announcement. 
 
 PSI with new sales and results record in 2021 
 - Sales grow 14% in 2021 to 248.4 million euros 
 - EBIT increased by almost 60% to 23.8 million euros 
 - Operative cash flow jumps to 38.8 million eurosPerformance indicators (KEUR)   Jan. 1 - Dec. 31, 2021  Jan. 1 - Dec. 31, 2020  Change 
 Sales                                          248,389                 217,795  +14.0% 
 EBIT                                            23,809                  14,948  +59.3% 
 Group net result                                15,837                  10,280  +54.1% 
 Earnings per share (EUR)                          1.01                    0.66  +53.0% 
 
 
 Berlin, March 29, 2022 - PSI Group increased sales by 14% in fiscal 2021 to a new record 
 value of 248.4 million euros (Dec. 31, 2020: 217.8 million euros). EBIT improved by almost 
 60% to 23.8 million euros (Dec. 31, 2020: 14.9 million euros), while guidance accounted for 
 20 million euros in 2021. Group net income rose by 54% to 15.8 million euros (Dec. 31, 2020: 
 10.3 million euros) and earnings per share increased accordingly to 1.01 euros (Dec. 31, 2020: 
 0.66 euros). New orders accounted for a record value of 266 million euros 16.2% above the 
 previous year (Dec. 31, 2020: 229 million euros), while the order book volume at year-end 
 increased by 7.4% to 160 million euros (Dec. 31, 2020: 149 million euros). 
 
 The Energy Management segment (energy networks, energy trading, public transport) recorded 
 a 16.2% increase in sales to 139.4 million euros (Dec. 31, 2020: 120.0 million euros), while 
 EBIT improved to 8.3 million euros (Dec. 31, 2020: 6.0 million euros). The Electrical Grids 
 division received numerous orders for "Redispatch 2.0," an EU regulation with the aim of having 
 the distribution grids participate in balancing the wind and solar parks. As expected, the 
 Swiss PSI Neplan contributed 4.1 million euros in sales with an 11% EBIT margin after amortization. 
 The Gas Networks and Pipelines division has successfully converted German customers to Upgrade-as-a-Service. 
 A nationwide energy network in Poland is supplied with the new control system based on the 
 PSI platform. The Public Transport segment celebrated further successes with the market-leading 
 software for electric bus depots. 
 Sales in the Production Management segment (metal production, industry, logistics) were increased 
 by 11.5% to 109.0 million euros (Dec. 31, 2020: 97.8 million euros), while EBIT improved to 
 16.7 million euros thanks to improved results by all major divisions (Dec. 31, 2020: 11.8 
 million euros). The Metals Production division is converting its planning modules to PSI standard 
 components and significantly increased all key performance indicators. The Automotive & Industry 
 segment also contributed double-digit profit margins. In Logistics and the Polish market, 
 the new multi-cloud app store was tested. 
 The Group's headcount on December 31, 2021 increased by 167 year-on-year to 2,223 thanks to 
 new hires in Germany, Poland and the US (Dec. 31, 2020: 2,056). Cash flow from operating activities 
 increased significantly to 38.8 million euros (Dec. 31, 2020: 24.8 million euros). Cash and 
 cash equivalents at year-end increased to 67.5 million euros despite the higher dividend payment 
 (Dec. 31, 2020: 40.5 million euros). In agreement with the Supervisory Board, the Executive 
 Board will propose to the Annual General Meeting a dividend of 0.40 euros (previous year: 
 0.30 euros). 
 In the reporting year, PSI once again increased expenditure on research and development to 
 32.3 million euros and, among other things, launched a multi-cloud app store for industrial 
 applications, from which PSI platform-based standard products are delivered on premise or 
 to the PSI cloud, but also to private clouds of our Group customers. After launch and adaptation 
 to screens, the software is adapted to the customer's operation at runtime using workflow 
 technology, PSI Click Design and interface configurators by the customer's specialist departments, 
 by integration partners and PSI consultants, and later updated via upgrades. After 2 million 
 euros of pilot project sales in 2021, over 5 million euros of regular sales are to be sold 
 and delivered automatically via the PSI app store in 2022. 
 PSI Software makes a significant contribution to the integration of renewable energy into 
 electricity grids, decarbonization of the heating and transport sectors, and the switch to 
 more climate-friendly, efficient and flexible production and logistics processes. The Executive 
 Board therefore expects demand for PSI's intelligent software products to continue to rise 
 in 2022. 
 In an environment of rising interest rates, raw material, and wage costs, as well as a green 
 government agenda, PSI Group is also aiming for an increase in new orders and sales of more 
 than 10% and just under 20% in the operating result in 2022, in line with the long-term trend. 
 The PSI Group develops its own software products for optimizing the flow of energy and materials 
 for utilities (energy grids, energy trading, public transport) and industry (metals production, 
 automotive, mechanical engineering, logistics). The industry-specific products, which are 
 built from standard components, are sold both directly and via the multi-cloud PSI App Store 
 and can also be customized by customers and partners themselves. PSI was founded in 1969 and 
 employs about 2,200 people worldwide. www.psi.de 
 
 Contact: 
 PSI Software AG 
 Karsten Pierschke 
 Head of Investor Relations and 
 Corporate Communication 
 Dircksenstraße 42-44 
 10178 Berlin 
 Germany 
 Tel. [phone] 
 Fax [phone] 
 Email: [e-mail] 
 
 
 29.03.2022 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 
 
 
Language:      English 
Company:       PSI Software AG 
               Dircksenstraße 42-44 
               10178 Berlin 
               Germany 
Phone:         [phone] 
Fax:           [phone] 
E-mail:        [e-mail] 
Internet:      www.psi.de 
ISIN:          DE000A0Z1JH9 
WKN:           A0Z1JH 
Listed:        Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
                Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:   1313771 
 
 
 
 
 
 
End of News  DGAP News Service 
 
 
 
 

1313771 29.03.2022

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March 29, 2022 03:04 ET (07:04 GMT)