PSI 2010 with Significant Growth in Exports

• Group sales increase by 8% to 158.7 million Euros
• Percentage of exports from sales increases from 34% to 40%
• With 177 million Euros, new orders 18% over previous year
• With 51%, exports more than half of the new orders

Berlin, 15 March 2011 – PSI Group had 8% higher sales of 158.7 million Euros in financial year 2010 (2009: 147 million Euros). The EBIT increased by 22% to 9.5 million Euros (2009: 7.8 million Euros). The Group net result increased by only 6% to 7.0 million Euros (2009: 6.6 million Euros) as a result of higher taxes. The volume of new orders improved by 18% to 177 million Euros, the order backlog increased by 11% to 108 million Euros (2009: 97 million Euros).

The Energy Management business increased its sales in 2010 by 10% to 65.5 million Euros (2009: 59.8 million Euros). The EBIT increased to 4.7 million Euros (2009: 4.3 million Euros). While the contribution from the gas and oil segment again developed above budget, the result from electrical energy is still being burdened by pilot and export projects. The energy trading systems segment continued to recover, despite the costs for the migration to the group technology platform.

In Production Management sales grew by 8% to 67.3 million Euros (2009: 62.2 million Euros). The EBIT sank to 1.3 million Euros (2009: 2.1 million Euros), affected by almost 1.8 million Euros in investments in the new control system for raw materials extraction. Sales enquiries from China, Australia and Russia look very promising. The business units metals and optimisation continued to increase the results, although write-offs in the metals business from purchase price allocations and merger costs burdened the segment.

Infrastructure Management increased sales by 4% to 26 million Euros (2009: 25 million Euros). The inControl Tech Group in Southeast Asia, Public Transportation, Telecommunications and PSI Poland made important contributions to the excellent result of 4.4 million Euros (2009: 2.2 million Euros).

In 2010 PSI invested a total of 16.0 million Euros for research and development (2009: 12.1 million Euros). The peek of the investments was exceeded in the group-wide uniform technology base and near shoring, and the rollout in the Group’s vertical target markets was begun. A further focus of the investments was additional export versions and the control system for raw material extraction.

The cash-flow from operations increased significantly to 13.1 million (2009: 4.4 million Euros), cash at the end of the year increased to 28.9 million Euros (31 Dec. 2009: 20.8 million Euros) despite the first-time payment of a dividend. Management board will propose to the General Meeting to pay a slightly higher dividend of 0.23 Euros. PSI investigates acquisition targets and investment opportunities in the fields of smart grid and energy efficiency in transportation.

For 2011 PSI is aiming for new orders of 185 million Euros, a growth of sales to more than 170 million Euros und an increase of the EBIT to about 13 to 15 million Euros. With the assignment of major group licenses, this goal may even be significantly exceeded.

PSI AG develops and integrates complete solutions, on the basis of its own software products, for the management of energy networks (electricity, gas, oil, heat, water), cross-company production management (metals, automotive, mechanical and plant engineering, mining, logistics) and infrastructure management for transport and safety. PSI was founded in 1969 and employs 1,400 persons in the group.