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ots Ad hoc-Service: PSI AG
1999 turnover exceeds expectations Market leader status in Resource Management via Internet
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Berlin (ots Ad hoc-Service) -In 1999, the PSI group saw an increase in annual turnover of 30% over the previous year to DM 242 million. PSI's own planning was clearly exceeded despite the slowdown of the product business caused by the Year 2000 problem. Investment in the group increased 120% to DM 47,9 million, although a negative operating income of DM 16,7 million was seen. For the year 2000 is an increase in turnover of 300 million DM and a return to an operating profit expected. The growth engine will be the future market of Resource Management via the Internet.
- Market leader in Resource Management via Internet Since 1997, the PSI group has seen a doubling in it's turnover. For this reason, PSI has grown noticably quicker than the market and competition. At the same time, PSI has become market leader for software solutions in Resource Management via the Internet in our core markets energy and goods.
- Future growth depends on heavy investment The acceleration of software development and the strengthening of market position through strategic acquisitions stands at the forefront of 1999 investment activity. A total of DM 23,7 million was invested in R&D and another 17,3 in acquisitions. These investments served to strengthen PSI's position in the software market for resource management via the Internet. The integration of new subsidiaries was also successful. In their first year on-board, the eBusiness subsidiary UBIS has already obtained profit.
- Number of employees increases to 1064 Despite the lack of qualified IT professionals in the marketplace, PSI was able to in increase the number of employees in 1999 by 231. Qualified and motivated employees ensure continual growth and serves as proof of PSI's attractiveness.
- Successful start in the new millenium The current course of the 1st quarter of 2000 supports the positive expectations of the board for the current business year. Compared to the 1st quarter of 1999, the contract totals could be doubled to over DM 75 million. The board, in addition, expects positive results from PSI's new positioning as offerer of software solutions for Resource Management via the Internet.
PSI AG (Neuer Markt: PSA2, WKN 696 822) PSI AG is a market leader in providing IT solutions for Resource Management via the Internet within the areas energy, goods and information. PSI was founded in 1969 and currently employs 1,100 workers in the group. In fiscal year 1999 PSI saw an increase in turnover to DM 242 million. The group has nine locations in Germany and international offices in six countries. PSI has been listed on the Neuer Markt (New Market) of the Frankfurt Stock Exchange since 1998. http://www.psi.de
Your Contact Person:
PSI AG Karsten Pierschke Manager Investor Relations Dircksenstraße 42-44 D-10178 Berlin
Tel. +49 30 2801-2727 Fax +49 30 2801-1000 eMail: KPierschke@psi.de
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