- P&I Personal & Informatik AG
- Kreuzberger Ring 56
- 65205 Wiesbaden
- Martina Tkotz
- +49 (611) 7147-275
P&I: Sustainable growth
Revenue up 11.2 %
"The first quarter was in line with our expectations in terms of revenue and earnings," commented P&I CEO Vasilios Triadis.
In the first three months, consolidated revenue increased by 11.2 % year-on-year to EUR 27.8 million (previous year: EUR 25.0 million), of which 9.6% was attributable to organic growth. Recurring revenue again enjoyed above-average growth of 16 % to EUR 14.7 million (previous year: EUR 12.7 million). Maintenance income, software as a service (SaaS) income and recurring BIG DATA income under service agreements are combined in the separate revenue category. The P&I Group generated 53 % of its revenue from recurring revenue business. Licence revenue increased by EUR 0.4 million year-on-year to EUR 8.0 million. Consulting services also grew compared with the previous year, both in traditional "non-recurring business" (EUR +0.4 million) and in recurring service business (EUR +0.7 million).
P&I generated EUR 20.2 million (previous year: EUR 19.5 million) or 72 % of its revenue in Germany, where revenue growth was mainly due to the increase in recurring maintenance and service business. Revenue in the international business environment also rose from EUR 5.5 million in the previous year to EUR 7.6 million.
The P&I Group's results of operations in the first quarter of the 2015/2016 financial year were characterised by revenue growth. At the same time, the P&I Group invested in its employees as value creators, in its infrastructure and in its products such as P&I BIG DATA, P&I LOGA3 and the HR Business Connector. The increase in costs is in line with planning.
The Management Board is confirming its forecast of organic consolidated revenue growth in excess of 5 % in the 2015/2016 financial year. Total revenue growth will be higher as a result of acquisitions. Based on the expected revenue increase, the profitability of the P&I Group will remain at the current strong level providing high cost efficiency is achieved, with the Management Board targeting EBITDA in the region of EUR 47 million.
"P&I has become a cloud company, and this trend is set to continue: P&I BIG DATA and the HR Business Connector have long set the course for our product development activities. All of our operating areas are now included in this process of value creation. The efforts and passion of each and every one of P&I's employees will be required in order to continue our company's sustainable development," summarised P&I CEO Vasilios Triadis. "Although it may be difficult, we are confident that we will achieve our targets once again this year."
P&I Personal & Informatik AG
Today P&I possesses a huge wealth of knowledge. Over the course of more than 4 decades, P&I products have been enriched with information from the highly diverse tasks and best practices of its more than 15,000 customers and systematically developed further. With the P&I LOGA3 HR cloud solution and the P&I BIG DATA knowledge pool , P&I has presented the technically most advanced HR software in the market with the most comprehensive range of specialist HR task options for Payroll, Human Capital Management, Talent Management und Analytics. By doing so, P&I has decisively changed HR work. With P&I+, P&I offers the premium solution for large public administrations. Consulting, services revolving around the HR software and HR outsourcing complete the portfolio.
Even today, that innovative strength coupled with unparalleled creativity constantly leads to record results. P&I is an impulse initiator for more than 15,000 European end customers, large computer centres as well as international HR service providers.
P&I - PURE HR. Nothing else.
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