|
PSI Software SE / Key word(s): Quarter
Results/Quarterly / Interim Statement
PSI in the 1st quarter with burdens from cyberattack and stable
cash flow
30.08.2024
The issuer is solely responsible for the content of this
announcement.
PSI in the
1st quarter with burdens from cyberattack and
stable cash flow
- Sales reduced by 13.7% to 50.3 million euros due to cyber
attack
- Operating result negative at −14.8 million euros as a result of
the cyber attack
- Operating cash flow improved by 25% to 15.9 million euros
|
Performance
indicators (KEUR)
|
Jan. 1 - March
31, 2024
|
Jan. 1 - March
31, 2023
|
Change
|
|
Sales
|
50,268
|
58,230
|
−13.7%
|
|
EBIT
|
−14,788
|
4,008
|
>100%
|
|
Group net result
|
−16,410
|
3,282
|
>100%
|
|
Earnings per share (EUR)
|
−1.06
|
0.21
|
>100%
|
Berlin, August 30, 2024 - PSI
Group achieved 13.7% lower sales of 50.3 million euros in the first
quarter of 2024 (March 31, 2023: 58.2 million euros). The operating
result (EBIT) was negatively impacted by the cyberattack in
February 2024 and was clearly negative at −14.8 million euros
(March 31, 2023: 4.0 million euros). The consolidated result was
correspondingly −16.4 million euros (March 31, 2023: 3.3 million
euros). Incoming orders fell by 19.5% year-on-year to 95 million
euros as a result of the cyberattack (March 31, 2023: 118 million
euros). The order backlog at March 31, 2024 was on a par with the
previous year at 212 million euros (March 31, 2023: 212 million
euros).
The Energy Management segment (energy grids, energy trading, public
transport) achieved 19.3% lower sales of 23.8 million euros (March
31, 2023: 29.4 million euros) and a significantly lower operating
result of −11.1 million euros (March 31, 2023: 0.7 million euros).
With the exception of the PSI subsidiary in Southeast Asia, all of
the segment's business units were severely affected by the
cyberattack from mid-February onwards.
Sales in the Production Management segment (metals, industry,
logistics) decreased by 8.0% to 23.8 million euros (March 31, 2023:
28.8 million euros). The segment's operating result deteriorated to
−2.9 million euros (March 31, 2023: 3.9 million euros). Although
all Production Management business units were also affected by the
cyberattack, the impact on sales and earnings was lower than in
Energy Management due to the more product-based business.
The number of employees in the Group increased slightly to 2,335
(March 31, 2023: 2,257). Cash flow from operating activities
improved by 25% year-on-year to 15.9 million euros (March 31, 2023:
12.7 million euros). At 62.8 million euros, cash and cash
equivalents were 1.8 million euros higher than in the previous year
(31/03/2023: 61.0 million euros).
PSI Group was the target of a cyberattack in February 2024. The
majority of the PSI Group's IT systems were taken offline and had
to be shut down. PSI Group was temporarily only able to carry out
central activities of its business model to a limited extent. In
the meantime, productive operations have been largely resumed since
the beginning of May. In the course of the restart, further
measures were adopted which will significantly increase the
security of the IT systems as part of a revised IT strategy.
As already announced at the beginning of June, the Executive Board
expects, taking into account the negative effects of the
cyberattack, a reduction in sales of around 20 to 30 million euros
and a negative operating result in the upper single-digit to lower
double-digit million range for the full year.
The PSI
Group develops software products for optimizing the
flow of energy and materials for utilities and industry. As an
independent software producer with more than 2,300 employees, PSI
has been a technology leader since 1969 for process control systems
that ensure sustainable energy supply, mobility and production by
combining AI methods with industrially proven optimization methods.
The innovative industry products can be operated on-premises or in
the cloud. www.psi.de
Contact:
PSI Software SE
Karsten Pierschke
Head of Investor Relations and Corporate Communication
Dircksenstraße 42-44
10178 Berlin
Germany
Tel. +49 30 2801-2727
Email: KPierschke@psi.de
30.08.2024 CET/CEST Dissemination of a Corporate
News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this
announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
|