EANS-News: P&I: Stabile development once again in the second quarter

• EBIT margin at 23.5 per cent

• Revenue growth in the maintenance and service businesses

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6-month report

Subtitle: • EBIT margin at 23.5 per cent
• Revenue growth in the maintenance and service businesses

Wiesbaden (euro adhoc) - With sales of 30.2 million euros recorded in
the first half-year of fiscal 2009/2010 (April 1, 2009 to September
30, 2009), P&I Personal & Informatik AG realised earnings before
interest and taxes (EBIT) of 7.1 million euros (previous year: 8.0
million euros). This represents an EBIT margin of 23.5 per cent. The
result before depreciations amounted to 8.3 million euros. The P&I
Group now announces earnings of 5.1 million euros after tax (EAT).

Sales increased from 29.4 million euros to 30.2 million euros in the
first half-year of fiscal 2009/2010 and therefore an 0.8 million euro
increase was recorded as compared to the same period in the previous
year. Once again it was shown that the high-profit maintenance
business and a strong service business proved to be the main growth
engines and these have offset the losses recorded in the licensing
sector when compared to the previous year.

A revenue of 11.9 million euros was generated in the Maintenance
business. This is a year-on-year increase of 1.6 million euros or
15.5 per cent and represents a virtual 40 per cent share of overall
Group sales. With 9.3 million euros (previous year: 8.1 million
euros) P&I realised 31 per cent of its sales in the Consulting/SI
business sector. Licence sales amounted to 8.3 million euros
(previous year: 10.2 million euros) and this figure represents a 27
per cent share of the Group´s overall sales.

New custom acquisition has proving to be very difficult in the
current market place. The decision made by the Sachsen-Anhalt
regional government in August to purchase from P&I is an important
signal as it confirms the power of our P&I PLUS product. Future
orientated HR solutions are very important tools for the human
resources scene, especially during a crisis-torn period. With its
newest product: the HR Control Centre, P&I is able to support its
customers in detecting new developments early on and give them the
ability to handle them on a pro-active basis.

Revenue from German customers reached the pervious year´s level of
23.9 million euros. Sales of 6.3 million euros recorded in the
international segment exceeded the previous year´s result (5.4
million euros).

The operating result of 7.1 million euros dropped by 0.9 million
euros when compared to the previous year´s result. One-off costs that
arose in conjunction with investor relations activities also
contributed to the incurred costs in addition to the acquisition of
P&I Zeitmanagement GmbH and the development of the new Slovakian
branch in Zilina.

P&I can confirm its forecast for the full 2009/2010 fiscal year, even
with the current market place being affected by the financial and
world-wide crisis, of licence sales producing between 12 to 16
million euros and total revenue amounting to 56 to 60 million euros.
It will be possible to realise an EBIT margin of 15 to 20 per cent
within this context.

The P&I Group has continued with stable development during the 2nd
Quarter in an extremely difficult market place. "P&I has profited
from our stabile customer base and the expansion of our maintenance
business" said Vasilios Triadis, CEO of P&I AG. "The P&I business
model has proven itself once again, even though the licensing
business is proving very difficult during the current market
situation, and we are confident that we are extremely well-placed to
survive the financial crisis."

end of announcement euro adhoc
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ots Originaltext: P&I Personal & Informatik AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Andreas Granderath

+49 (0)611 7147-267

agranderath@pi-ag.com

Branche: Software
ISIN: DE0006913403
WKN: 691340
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
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