EANS-News: P&I Personal & Informatik AG / P&I continues positive sales performance

- 9.8 per cent sales growth
- EBIT margin of 22.8 per cent

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quarterly report

Subtitle:
- 9.8 per cent sales growth
- EBIT margin of 22.8 per cent

Wiesbaden (euro adhoc) - P&I Personal & Informatik AG increased
overall sales in the first nine months of fiscal 2010/2011 (April 1
to December 31) by 9.8 per cent to 51.8 million euros (previous year:
47.2 million euros) and recorded earnings before tax and interest
(EBIT) of 11.8 million euros (previous year: 11.5 million euros).
This represents an EBIT margin of 22.8 per cent (previous year: 24.4
per cent). Unplanned extraordinary costs reduced the Company´s
earning power during the reporting period. The result before
depreciations amounted to 13.5 million euros. P&I Group announces a
result of 8.6 million euros after tax (EAT).

"Sales of 18.4 million euros in the third quarter means that P&I has
once again exceeded the previous best sales first quarter recorded in
the history of the Company and we have realized sales of 51.8 million
euros during the first nine month," says Vasilios Triadis, Chairman
of the Board of Directors of P&I AG. "The additional sales were
spread evenly throughout all of our divisions. Permanent Innovative
capacity, rapid reaction to enable us to meet our customer´s new
requirements and ensuring the safe fulfilment of these increased
demands by providing efficient solutions all combine to produce our
strategy for success".

The 10.2 per cent sales growth recorded by our licensing business
shows a clear increase when compared to the previous quarters. The
Company has now implemented investment projects that were previously
stopped due to the poor economic situation prevailing in fiscal
2009/2010. Licence sales amounted to 13.2 million euros (previous
year: 11.9 million euros) and this figure represents a 25 per cent
share of the Group´s overall sales.

Our service business recorded particularly high increase in sales as
compared to the same period in the previous year and sales grew by
10.9 per cent to 17.5 million euros and 34 per cent of our overall
P&I Group sales were generated from this business sector alone.

Our software support business also recorded a continuous increase in
their sales development, which grew by 1.4 million euros to 19.4
million euros when compared to the previous year. This corresponds to
a virtual 38 per cent share of overall sales.

Sales in Germany stood at 40.6 million euros, which means that they
grew by 10 per cent when compared to the previous year (36.9 million
euros), whereas a 9.0 per cent sales increase to 11.2 million euros
recorded by our foreign businesses also boosted our Group sales

The operative result of 11.8 million euros showed a slight increase
when compared to the previous year, despite the high growth rate.
Unplanned extraordinary legal and consulting costs as well as
personnel costs accrued as a result of these costs, which totalled
approx. 2.2 million euros, were recorded as a one-off effect and this
has reduced the Company´s EBIT growth. This sum also covers the
unplanned legal and consulting costs that were incurred by the
Company as a result of the disagreements between the members of the
Supervisory Board and disagreements between various groups of
shareholders. The Company had no choice but to seek legal advice to
defend itself against putative Supervisory Board resolutions. It also
covers the non-scheduled personnel costs that were incurred as a
result of the exercising of special resignation rights by a member of
the Board of Directors on September 30, 2010 and the resulting
Company payment liabilities.

All in all, P&I can restate its forecasts for fiscal 2010/2011: with
sales growth exceeding 5 per cent when compared to the year under
review and licensing sales at the same level as the previous year
then the Group should realise an EBIT margin equal to the high level
recorded during fiscal 2009/2010, after adjusting for the
non-operative special charges incurred during the current fiscal
year.

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, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade