P&I: Profits rise in Q1

• EBIT margin breaks 30 per cent barrier

• Sales growth of 10.7 per cent

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finances

Wiesbaden (euro adhoc) - With sales of 15.6 million euros in the
first quarter of fiscal 2008/2009 (April 1, 2008 to June 30, 2008),
P&I Personal & Informatik AG has achieved Q1 Group operating earnings
before taxes (EBIT) of 5.1 million euros, compared to 4.3 million
euros year on year. The P&I Group's EBIT margin of 32.6 per cent
(27.6 per cent year on year) has exceeded the 30 per cent mark for
the first time. Earnings before taxes, interest, depreciation and
amortisation (EBITDA) rose from 5.2 million euros to 5.6 million
euros. The DFVA/SG (German Association of Financial Analysts and
Investment Consultants/Schmalenbach Society) result for the
Prime-Standard-listed HR software specialists based in Wiesbaden rose
from 2.8 million euros to 3.7 million euros.

Despite P&I sales remaining at the previous year's level overall, the
year-on-year rise in Licensing sales of 10.7 per cent has boosted the
EBIT margin to this record level. As expected, following the disposal
of the company's LOGA/400 business, it has not yet been possible to
offset lost revenues from discontinued maintenance business against
the increased revenues from growth in Licensing sales.

The 10.7 per cent year-on-year increase in Licensing sales represents
a growth of 0.6 million euros, rising to 6.0 million euros with a
share of total Group sales amounting to 38.4 per cent at present.
This successful outcome is due to the narrowing down of the company's
sales organisation to two main areas - the private and public
sectors. Doing so has enabled the company to win major new strategic
customers in both sectors - KISA, the local IT service provider in
the German state of Saxony, Franke & Pahl, technical service
providers operating in northern Germany, and the Viennese company,
RZB.

Revenue of 5.1 million euros was generated in maintenance business
(32.7 per cent of total sales) representing a year-on-year decline
of 0.3 million euros. However, the previous year's revenues included
LOGA/400 revenue amounting to 0.9 million euros.

With 4.2 million euros (previous year: 4.5 million euros) P&I
attained 26.6% of its sales in the Consulting/SI business area. The
slight decline in Consulting sales is part of the new strategic
orientation, raising the Licensing sales share in relation to
Consulting. In accordance with the new business model, the
consultants are concentrating more on providing gratis, on-the-spot
support for customers, leading to enhanced customer satisfaction,
increased Licensing sales to existing customers and therefore greater
profitability for the company.

P&I realised domestic sales of 12.3 million euros (previous year:
10.2 million euros), representing 79 per cent of total sales.
International sales developed on target at 3.3 million euros
(previous year: 5.4 million euros).

P&I can confirm its forecast for the whole the 2008/2009 business
year: a double-digit rise in sales through organic growth and the
EBIT margin established at above the level reached in the previous
year. "After a successful closure to the past year, we have got off
to a very satisfactory start in the new fiscal year. Our new
strategic orientation is achieving excellent results." affirms a
pleased Vasilios Triadis, P&I CEO. "On the agenda now is to do the
investing needed for the future of the company, and to press ahead
with our strategy of growing Licensing's share in overall sales, so
consistently raising our profit levels long-term. We are confident
that we will go on achieving our goals in the future as well."

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.de

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