P&I: Sales and results increase due to higher licensing sales in first quarter

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Wiesbaden (euro adhoc) - With a sales growth of 35.4 percent, P&I Personal &
Informatik AG has increased its operating group results before tax (EBIT) from
2.0 million euros in the same period in the previous year to 4.3 million euros
in the first quarter of the 2007/2008 fiscal year (April 1, 2007 to March 31,
2008). As a result of this, the P&I group has achieved an EBIT margin of 27.6
percent compared to 17.4 percent in the previous year. The result before
depreciation (EBITDA) has risen by 2.8 million euros to 5.2 million euros. This
personnel management software specialist from Wiesbaden, quoted in Prime
Standard, has doubled its DFVA/SG result from 1.4 million euros to a current 2.8
million euros. P&I shares have continued to show positive development during the
first quarter: The share price has increased from 17.87 to 23.24 euros on June
30, 2007, an improvement of 30 percent.

The gain in the operative result comes from an increase in total sales, which
for the first quarter amount to 15.7 million euros. Sales increases have been
achieved in all categories. The increase in the area of licensing and service
business has however been crucial for this very good first quarter result. The
licensing business has almost doubled compared to the same period last year, to
5.4 million euros (last year: 2.8 million euros). This gain has been achieved
by sales obtained from a major long-term project abroad.

The maintenance business has improved by 8.2 percent compared to last year,
same period, and now amounts to 5.0 million euros. In total, the P&I group
achieves 69 percent of its sales from the "Product" segment (previous year: 67
percent).

Compared to the previous year, the service business is also displaying
significant growth of almost 28 percent. Sales in this area amount to 4.5
million euros and contribute 29 percent of Group revenues. The positive
development in the "International" business segment continues from the previous
year: 5.4 million euros (previous year 1.9 million euros) were achieved in the
first quarter with international clients, also reflecting the positive EBIT
contribution to the Group result of 3.5 million euros (last year: 0.3 million
euros).

P&I confirms the outlook for the 2007/2008 business year of increasing sales by
more than 5 percent and establishing the EBIT margin above the 20 percent mark.
In our experience, the first quarter is usually the weakest P&I quarter. "To
achieve our ambitious goals, we had to overcome the weakness of the first
quarter. We have succeeded", Vasilios Triadis, managing director of the P&I
Group, states happily. "We are confident of achieving our goals."

The P&I Group in figures

|Key Figures |June 30, |June 30, 2006 |Change |Change |
|according to IAS|2007 |'000 euros |'000 euros |% |
| |'000 euros | | | |
|Group sales |15,671 |11,576 |4,095 |35.4 % |
|EBITDA |5,192 |2,839 |2,353 |82.9 % |
|EBIT |4,331 |2,017 |2,314 |114.7 % |
|EBT |4,344 |2,238 |2,106 |91.1 % |
|Consolidated | | | | |
|result (DVFA/SG)|2,847 |1,435 |1,412 |98,4 % |
|Return on Sales |18.2 % |12.4 % |./. |./. |
|EPS (DVFA/SG) |E 0.37 |0.19 E |0.18 E |98.3 % |
|BQU (()* |295 |264 |31 |11.8 % |
|BQU (Closing |292 |263 |29 |11.2 % |
|Day)** | | | | |

* Number of Employees in average period
** Average employment quotient in average period on closing day
Sales segmentation

|Sales |Apr. 1, - June |Apr. 1, - June|Apr. 1, - June|
| |30, 2005 |30, 2006 |30, 2007 |
| |'000 |share |'000 |share |'000 |share |
| |euros | |euros | |euros | |
| | | | | | | |
|Sales according to category| | | | | | |
|Licences |2,921 |27 % |2,765 |24 % |5,413 |35 % |
|Maintenance |4,479 |41 % |4,979 |43 % |5,386 |34 % |
|Product line |7,400 |68 % |7,744 |67 % |10,799 |69 % |
|Consulting |3,243 |30 % |3,528 |30 % |4,502 |29 % |
|Other* |317 |2 % |304 |3 % |370 |2 % |
|Total |10,960 |100 % |11,576 |100 % |15,671 |100 % |
| | | | | | | |
|Geographical segment | | | | | | |
|Germany (domestic) |9,686 |88 % |9,692 |84 % |10,244 |65 % |
|International (foreign) |1,274 |12 % |1,884 |16 % |5,427 |35 % |
|Total |10,960 |100 % |11,576 |100 % |15,671 |100 % |

*comprises Third Party and ASP (Application Service Providing)

Find out more about P&I AG on the Internet: www.pi-ag.com

Press contact:

P&I Personal & Informatik AG
Andreas Granderath / Investor Relations
Kreuzberger Ring 56
65205 Wiesbaden
Tel.: +49 (0) 611 / 7147-267
Fax: +49 (0) 611 / 7147-369
Email: [email protected]

P&I: software for human resources management DE 006913403

P&I Personal & Informatik AG specialise in HR management software solutions -
from payroll accounting, personnel management and time management to employee
portals. The solutions are international and can be deployed in any industry
sector. P&I is represented by more than 300 employees at 10 locations in
Europe. The Wiesbaden-based company has over 35 years experience in the market.
Around 3,700 businesses and institutions of all sizes place their trust in P&I
solutions. P&I is listed on the Prime Standard and in fiscal 2006/2007 achieved
sales of E 54.5 million.

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

end of announcement euro adhoc 09.08.2007 07:00:00
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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: Börse Frankfurt, free trade: Börse Berlin,
Börse Hamburg, Börse Stuttgart, Börse Düsseldorf, Börse Hannover,
Börse München
language: English

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