DGAP-News: P&I Personal & Informatik AG

DGAP-News: P&I Personal & Informatik AG: P&I in sustained growth mode

DGAP-News: P&I Personal & Informatik AG / Key word(s): Quarter Results P&I Personal & Informatik AG: P&I in sustained growth mode

11.02.2016 / 09:33 The issuer is solely responsible for the content of this announcement.

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* Double-digit revenue growth * Record result at EBITDA level

In the first nine months of the financial year (from April 1, 2015 to December 31, 2015), P&I Personal & Informatik AG (P&I) generated revenue of EUR 87.6 million (previous year: EUR 78.1 million) and EBIT of EUR 33.6 million (previous year: EUR 30.5 million). EBITDA amounted to EUR 35.9 million (previous year: EUR 32.1 million). This corresponds to a market-leading EBITDA margin of 40.9 % (previous year: 41.2 %). The P&I Group reported a DFVA/SG result of EUR 34.0 million (previous year: EUR 23.8 million). The P&I Group employs 400 people on average (FTE).

In the first nine months, consolidated revenue increased by 12.2 % year-on-year to EUR 87.6 million (previous year: EUR 78.1 million), of which 8.0 % is attributable to organic growth. Recurring services again enjoyed above-average growth of 18.8 % to EUR 46.4 million (previous year: EUR 39.0 million). Maintenance income, software as a service (SaaS) income and recurring income under service agreements are combined in this separate revenue category. The P&I Group generated 53 % of its revenue from recurring revenue business. Consulting services also grew compared with the previous year, both in traditional "non-recurring business" (EUR 1.8 million) and in recurring service business (EUR 2.2 million). Licence revenue slightly increased to EUR 23.4 million as against the previous year. P&I generated EUR 65.8 million (previous year: EUR 59.2 million) or 75 % of revenue in Germany. Revenue growth in recurring services was essentially the result of extremely strong licence growth in previous periods and the associated rise in maintenance income. P&I also reported a positive increase in service agreements. Revenue in the international trading environment rose to EUR 21.8 million as against the previous year (EUR 18.8 million), which is essentially attributable to acquisitions.

In the current financial year, the P&I Group converted a significant part of its revenue growth into additional profit again. At the same time, the P&I Group invested in its employees as value creators, in its infrastructure and in products such as P&I BIG DATA, P&I LOGA3 and the HR Business Connector. The rise in costs is in line with planning. "With "LOGA of the Future" we are trying to inform the HR departments of our customers of the possibility and necessity of being capable of and willing to support management in a stronger and proactive manner in the future. The HR industry is thus growing into a role as an active contributor to corporate development and corporate strategy," explained Vasilios Triadis, Chairman of the Management Board at P&I AG. "The HR industry will no longer provide information on management's request, but shall independently develop the information portfolio in order to answer questions that management may not have considered at all."

The Management Board is reiterating its forecast of organic consolidated revenue growth in excess of the 5 % mark in the 2015/2016 financial year. Taking into account the acquisition of Soreco HR AG, based in Switzerland, actual revenue growth will be higher. On account of expected revenue growth, the P&I Group is seeking to significantly increase its profitability while maintaining its cost efficiency, with an EBITDA target in the region of EUR 47 million.

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11.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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436465 11.02.2016