P&I Personal & Informatik AG

euro adhoc: P&I Personal & Informatik AG
P&I's earnings grow 80 per cent (E)

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The P&I Personal & Informatik Group ended the 2001/2002 financial year on March 31 with impressive earnings before interest and taxes (EBIT) in its ordinary business activities of EUR 1.9 million. The performance of the Wiesbaden-based personnel software specialists far exceeds the budgeting of EUR 1.5 million and is 80 per cent up on the EUR 1.1 million earned in the previous year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by 57 per cent to EUR 5.5 million (previous year: EUR 3.5 million). Earnings per share is now EUR 0.12 (previous year: EUR 0.01).

Group sales rose by 32 per cent to a present EUR 36.7 million (previous year: EUR 27.7 million), and so also surpassed the EUR 31.0 million forecast. The number of salaried employees has risen an average eight per cent to 241 (previous year: 223 employees). The EBIT margin has improved to 5.3 per cent (previous year: 3.9 per cent). Sales per employee rose by 22 per cent to TEUR 152  (previous year: TEUR 124). The equity ratio is currently 52 per cent (previous year: 56 per cent). P&I fully intends to remain in the black, turning over a profit, now and in the future. In the current financial year 2002/2003, P&I plans to maintain the momentum of the previous year's outstanding results.

end of announcement            euro adhoc 27.05.2002

Further inquiry note: Mr. Andreas Granderath

Branche:        Software
ISIN:            DE0006913403
WKN:              691340
Börsen:         Deutsche Börse AG Frankfurt, Baden-Württembergische
Wertpapierbörse, Börse Düsseldorf, Hamburger Wertpapierbörse,
Handelsüberwachung der Berliner Wertpapierbörse, Niedersächsische
Börse zu Hannover

Original-Content von: P&I Personal & Informatik AG, übermittelt durch news aktuell

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