PSI Still with Strong Industry Business after Nine Months

PSI Group increased its EBIT in the first nine months of 2011 by 16 % to 6.3 million Euros (30 September 2010: 5.4 million Euros). The EBT increased by 22 % to 5.1 million Euros compared to the previous year (30 September 2010: 4.1 million Euros), the Group earnings after interest and taxes were, as a result of temporary effects from deferred taxes, at 3.4 million Euros slightly below the previous year (30 September 2010: 3.6 million Euros). Group sales increased by 3 % to 117.3 million Euros compared to the previous year (30 September 2010: 113.5 million Euros), the volume of new orders increased by 13 % to 138 million Euros (30 September 2010: 122 million Euros). The Group’s new orders and sales last year each contained 4.5 million Euros from the telecommunications business, which in the meantime has been sold.


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

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(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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