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production manager 3-2010 - PSI Metals

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15<br />

New orders increase<br />

<strong>PSI</strong> Accelerates Growth in First Half of <strong>2010</strong><br />

The <strong>PSI</strong> Group increased its EBITDA by 19 % to 5.8 million Euros and the<br />

EBIT by 6 % to 3.7 million Euros for the first six months of <strong>2010</strong>.<br />

The Group net result was, at 2.2 million<br />

Euros, below that of the previous year, as<br />

a result of the temporary effect of higher<br />

deferred taxes. Group sales increased by<br />

18 % to 77.1 million Euros. The volu-<br />

me of new orders increased compared to<br />

the same period of last year by 9 %to 93<br />

million Euros; the order backlog was, at<br />

114 million Euros 4 % below that of the<br />

previous year, but did increase by 9 mil-<br />

lion Euros compared to 31 March <strong>2010</strong>.<br />

With the new acquisitions and targeted<br />

recruitment, the number of Group em-<br />

3/<strong>2010</strong> ∙ <strong>production</strong> <strong>manager</strong><br />

ployees increased as of 30 June <strong>2010</strong> to<br />

1,400.<br />

Since the beginning of the year, <strong>PSI</strong> has<br />

registered a renewed demand for solu-<br />

tions for the energy markets as well as<br />

in the increasing of efficiency in hea-<br />

vy industry. In the coming quarters the<br />

management expects major contracts in<br />

the Gulf region and continued growth<br />

stimuli in Germany and Europe through<br />

the development of European super grids<br />

and the intelligent energy consumption<br />

control through smart grids.<br />

p<strong>production</strong> <strong>manager</strong><br />

In view of these circumstances, <strong>PSI</strong> is af-<br />

firming the annual target of 160 million<br />

Euros in sales and at least 10 million Eu-<br />

ros for the EBIT.<br />

► Information<br />

Contact: Karsten Pierschke,<br />

Head of Investor Relations and Communication,<br />

<strong>PSI</strong> AG, Berlin, Germany<br />

Telephone: +49 30 2801-2727<br />

Fax: +49 30 2801-1000<br />

Email: kpierschke@psi.de<br />

Internet: www.psi.de

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