PSI with Improved Result in First Six Months in Difficult Environment

PSI with Improved Result in First Six Months in Difficult Environment

- EBIT increases 12 % despite lower sales

- Sales after adjustment in Southeast Asia 6 % below previous year

- Volume of orders 10 % over previous year at 144 million Euros

Performance Indicator (TEUR)

1 Jan-30 June 2016

1 Jan - 30 June 2015 (adjusted)

Change

Sales 85,102 90,522 -6.0%
EBIT 4,534 4,049 +12.0%
Group EBIT 2,414 2,364 +2.1%
Earnings per share (EUR) 0.16 0.15 +6.7%

Berlin, 27 July 2016 – The PSI Group had 6 % lower sales of 85.1 million Euros (30 June 2015: 90.5 million Euros) in the first six months of 2016 due to adjustments in capacity in Southeast Asia. The EBIT increased by 12 % to 4.5 million Euros (30 June 2015, adjusted: 4.0 million Euros), the group net result was, as in the previous year 2.4 million Euros. The volume of new orders was, at 100 million Euros, 4 % below the level of the previous year (30 June 2015: 104 million Euros); the previous year contained a multi-year major contract from E.ON Deutschland. The order backlog on 30 June 2016 was, at 144 million Euros, 10 % above the level of the previous year (30 June 2015: 131 million Euros).

Energy Management (energy networks, energy trading) attained 1 % higher sales of 32.0 million Euros (30 June 2015: 31.8 million Euros) in the first six months of the year. The EBIT for the segment increased significantly compared to the previous year to 2.6 million Euros (30 June 2015, adjusted: 1.6 million Euros). The electrical energy business continued to improve sales and profits with its software products, while the customers’ willingness to invest in the field of gas and oil is recovering slowly following the slump in raw material prices in the first quarter. In the field of energy trading, new orders and sales improved following the high product and migration investments of the previous years and a positive result was achieved.

Sales in Production Management (raw materials, metals, automotive, logistics) for the first six months were, at 41.5 million Euros, 6 % below the figure for the previous year (30 June 2015: 44.2 million Euros), but the EBIT increased by 3 % to 2.8 million Euros (30 June 2015: 2.7 million Euros). The mining business, which is still affected by weak commodity prices, reduced encumbrances from the pilot project in China, which is now operational. The metals business was able to continue to increase new orders, but in sales and earning still felt the repercussions of the weak steel economy. In June major orders were acquired, among others, thyssenkrupp and Tata and an important partnership with the plant engineering company Primetals was closed. The automotive and industry business faced a slowdown in orders as a result of the diesel discussion, but was able to slightly increase sales and EBIT. Logistics confirmed the positive result of the previous year with continued strong new orders.

In Infrastructure Management (transportation and security), sales decreased noticeably to 11.5 million Euros (30 June 2015: 14.5 million Euros), the EBIT dropped to –0.3 million Euros (30 June 2015, adjusted: 0.3 million Euros). In Southeast Asia and in the Arabian Gulf region burdening long-running market entry projects have been commissioned successfully so that the maintenance and expansion phases can commence as of the second half of the year.

The number of employees in the group decreased to 1,650 on 30 June 2016 as a result of adjustments in capacity in the export (30 June 2015: 1.677). The cash flow from operating activities improved by 3.6 million to 0.2 million Euros (30 June 2015: –3.4 million Euros). After payment of dividends, the liquidity on 30 June 2016 was at 34.8 million Euros (30 June 2015: 27.8 million Euros) serving the seasonal sales financing and the possible financing of acquisitions. PSI is examining takeover targets in the fields of power distribution and discrete production.

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PSI Group awarded ISO 27001 certification for information security

Berlin, 22 July 2016 – The PSI Group has been awarded DIN ISO/IEC 27001 certification in accordance with information security management system requirements. Achieving the standard certifies that the Group’s central infrastructure has implemented high security standards that also meet the requirements of critical infrastructure operators – an important customer group for PSI.

As part of the 2015 transition to Group certification, PSI AG and, in particular, several business units in the field of critical infrastructures were awarded certification. The scope of certification includes the development and operation of control systems and software solutions for providers, industry and infrastructure operators as well as the performance of ancillary services. Plans to expand to further business units are set for 2017. Group certification is based on the certification first achieved by PSI subsidiary PSI Logistics GmbH in 2013, which was simultaneously renewed.

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Industry 4.0 from a single source: Primetals Technologies and PSI cooperate on production management solutions for steel industry

- Strategic alliance combines process automation with production management

- Customers receive finely tuned complete solution from a single source

- Goals : Implementation of PSI solutions in plants with equipment from Primetals Technologies as well as modernizations and new plants

Berlin, London, 5 July 2016 – Primetals Technologies Germany GmbH, Erlangen, and PSI Metals GmbH, Düsseldorf, have signed a cooperation agreement on the sale and implementation of Industry 4.0 (Industrial Internet) production management solutions for the steel and aluminum industries. Customers receive perfectly matched, tailor-made complete solutions from a single source consisting of equipment, basic automation (level 1) and process automation (level 2) from Primetals Technologies, and the PSImetals production management solution (level 3) from PSI. The exclusive global cooperation agreement covers plants with equipment and automation from Primetals Technologies, as well as complete turnkey solutions for modernization projects and new plants throughout the entire supply chain.

The harmonized solutions from the two companies reduce integration costs, shorten project runtimes and simplify IT processes. Horizontal integration of locally distributed automation data with system-wide production management for Supply-Chain-Planning & Execution (MES) makes it easier to identify and realize the potential of Industry 4.0.

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PSI Optimises Eaton’s Central Warehouse with Qualicision® Technology

Optimisation module “Adaptive Order Release“ monitors in real time

Berlin, 30 May 2016 – Eaton Industries GmbH, a provider of electrical components and systems located in Bonn, has commissioned PSI Logistics GmbH with the implementation of the innovative optimisation module “Adaptive Order Release”. This component further enhances the PSIwms Warehouse Management System for their central European distribution centre located in Meckenheim. One important element is sequencing task dispatch using extended fuzzy logic by implementing the decision and optimisation software Qualicision® from PSI’s subsidiary F/L/S Fuzzy Logik Systeme GmbH. This combination provides a wholly innovative solution for automating and improving the efficiency of order management.

The “Adaptive Order Release” will monitor more than 30 warehouse parameters in real time during operations, and will dynamically initiate the following orders and tasks. While doing so, the impact on KPIs will be considered so it is ensured that the orders continue to be delivered on time, while minimising overutilisation or underutilisation of the automated warehouse or the employees. This is made possible by the use of Qualicision® technology, which already handles multi-criteria sequencing for production planning at leading automobile manufacturers, and is being applied to this project in connection with PSIwms for the first time with the goal of achieving significantly increased efficiency.

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Mr. Harvinder Singh,
Ernst & Young
Technology Entrepreneur
Of The Year

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PSI INCONTROL
(formerly known as INCONTROL TECH or iTEC)

An engineering company who understands that engineering solutions are much more than just using good tools. Solutions for Automation, Control and Protection are like constructing a building. Just taking the best bricks, steel and concrete will not give you the best looking building. You need an architect who understands how to bring them together into a reliable, world class solution.

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