P&I on target with growth in sales and results

• Ambitious targets achieved in fiscal 2006/2007
• Repeat proposal for a dividend distribution

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balance/companies/Annual Report

Wiesbaden (euro adhoc) - In fiscal 2006/2007 (April 1, 2006 to March
31, 2007) the P&I group achieved earnings before interest and taxes
(EBIT) of 12.3 million euros (previous year: 9.8 million euros),
boosting the EBIT margin from 19.6 percent in the previous year to
the present 22.5 percent. Total sales rose to 54.5 million euros. For
the German Association of Financial Analysts and Investment
Consultants /Schmalenbach Society, DVFA/SG) earnings after tax (EAT),
the P&I group can announce an improvement in its result, rising from
7.4 million euros to 8.8 million euros. Earnings per share rose from
96 cents (2005/2006) to 1.14 euros in the year under review. The P&I
Group employed an average of 275 personnel (FTE).

P&I AG will again propose a dividend distribution to the Annual
General Meeting for the first time. A dividend of 1.00 euro per share
is foreseen, representing approximately 96percent of the 2006/2007
annual profit for P&I AG of 8,037,000 euros.

P&I increased sales significantly in fiscal 2006/2007. With a 9.1
percent increase in sales, reaching a level of 54.5 million euros,
the P&I group has achieved the goal it set itself.

The rise in sales is the result of across-the-board growth in all
sales categories. Above-average growth rates were generated by the
P&I Group in Consulting, where sales grew by 11 percent year on year
from 16.1 million euros to 18.0 million euros. After 13.3 million
euros in the previous year at a growth rate of 9.2 percent, the P&I
Group again raised Licensing sales by 8.5 percent or 1.1 million
euros to 14.4 million euros in the fiscal year just ended. Although a
number medium and smaller-sized projects have also been realised in
the current fiscal year, a double-digit growth rate can only be
achieved through the undertaking of major projects, as in the fiscal
year ended. The demand for HCM (Human Capital Management) products
has risen considerably, and the need for systems for time management
and personnel deployment has also grown. P&I's web-based solutions
are proving winners with many of our new customers.

P&I realised 43.1 million euros or 78.2 percent of its sales
domestically, with international sales reaching 11.4 million euros.
Sales figures for the P&I Group improved both in the German market,
where it maintains a strong presence (up 1.5 million euros) and
internationally (up 3.1 million euros). However, in percentage terms,
the growth in foreign sales was considerably greater.

Once again, the profitability of our international business rose in
this fiscal year, with 31 percent of the operating result being
generated by the P&I Group's foreign business. Our Dutch subsidiary
had made up its initial losses by fiscal year end.

For fiscal 2007/2008, the Board of Directors expects an increase in
sales through organic growth of between 5 percent and 8 percent. We
are orienting our growth towards increasing Licensing business,
expanding international business activities and operating in close
partnership with leading BPO providers. This should establish the
EBIT margin at above the 20 percent level.

"With our excellent and comprehensive product portfolio, a
transparent, well-focused corporate strategy, professionalism and
affordable price structures we have no doubt that we can continue to
build on our sturdy market position in the coming years, "says CEO
Vasilios Triadis. "We are looking with confidence at the future."

end of announcement euro adhoc 14.06.2007 10:15:00
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ots Originaltext: P&I Personal & Informatik AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Andreas Granderath
Telefon: +49(0)611 7147 267
E-Mail: agranderath@pi-ag.com

Branche: Software
ISIN: DE0006913403
WKN: 691340
Index: CDAX, Prime All Share, Technologie All Share
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