P&I on target with growth in sales and results

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Wiesbaden (euro adhoc) - In fiscal 2006/2007 (April 1, 2006 to March 31, 2007)
the P&I group achieved earnings before interest and taxes (EBIT) of 12.3 million
euros (previous year: 9.8 million euros), boosting the EBIT margin from 19.6
percent in the previous year to the present 22.5 percent. Total sales rose to
54.5 million euros. For the German Association of Financial Analysts and
Investment Consultants /Schmalenbach Society, DVFA/SG) earnings after tax (EAT),
the P&I group can announce an improvement in its result, rising from 7.4 million
euros to 8.8 million euros. Earnings per share rose from 96 cents (2005/2006) to
1.14 euros in the year under review. The P&I Group employed an average of 275
personnel (FTE).

P&I AG will again propose a dividend distribution to the Annual General Meeting
for the first time. A dividend of 1.00 euro per share is foreseen, representing
approximately 96percent of the 2006/2007 annual profit for P&I AG of 8,037,000
euros.

P&I increased sales significantly in fiscal 2006/2007. With a 9.1 percent
increase in sales, reaching a level of 54.5 million euros, the P&I group has
achieved the goal it set itself.

The rise in sales is the result of across-the-board growth in all sales
categories. Above-average growth rates were generated by the P&I Group in
Consulting, where sales grew by 11 percent year on year from 16.1 million euros
to 18.0 million euros. After 13.3 million euros in the previous year at a growth
rate of 9.2 percent, the P&I Group again raised Licensing sales by 8.5 percent
or 1.1 million euros to 14.4 million euros in the fiscal year just ended.
Although a number medium and smaller-sized projects have also been realised in
the current fiscal year, a double-digit growth rate can only be achieved through
the undertaking of major projects, as in the fiscal year ended. The demand for
HCM (Human Capital Management) products has risen considerably, and the need for
systems for time management and personnel deployment has also grown. P&I's
web-based solutions are proving winners with many of our new customers.

P&I realised 43.1 million euros or 78.2 percent of its sales domestically, with
international sales reaching 11.4 million euros. Sales figures for the P&I Group
improved both in the German market, where it maintains a strong presence (up 1.5
million euros) and internationally (up 3.1 million euros). However, in
percentage terms, the growth in foreign sales was considerably greater.

Once again, the profitability of our international business rose in this fiscal
year, with 31 percent of the operating result being generated by the P&I Group's
foreign business. Our Dutch subsidiary had made up its initial losses by fiscal
year end.

For fiscal 2007/2008, the Board of Directors expects an increase in sales
through organic growth of between 5 percent and 8 percent. We are orienting our
growth towards increasing Licensing business, expanding international business
activities and operating in close partnership with leading BPO providers. This
should establish the EBIT margin at above the 20 percent level.

"With our excellent and comprehensive product portfolio, a transparent,
well-focused corporate strategy, professionalism and affordable price structures
we have no doubt that we can continue to build on our sturdy market position in
the coming years, "says CEO Vasilios Triadis. "We are looking with confidence at
the future."

Further inquiry note:
Andreas Granderath
Telefon: +49(0)611 7147 267
E-Mail: [email protected]

end of announcement euro adhoc 14.06.2007 10:15:00
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emitter: P&I Personal & Informatik AG
Kreuzberger Ring 56
D-65205 Wiesbaden
phone: +49(0)611 7147 267
FAX: +49(0)611 7147 367
mail: [email protected]
WWW: www.pi-ag.com
sector: Software
ISIN: DE0006913403
indexes: CDAX, Prime All Share, Technologie All Share
stockmarkets: regulated dealing: Frankfurter Wertpapierbörse, free trade: Börse
Berlin-Bremen, Hamburger Wertpapierbörse, Baden-Württembergische
Wertpapierbörse, Börse Düsseldorf, Niedersächsische Börse zu
Hannover, Bayerische Börse
language: English

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