BERLIN - PSI Software (ETR:SOWGn) SE has announced a record-breaking volume of new orders in the first quarter of 2025, with figures significantly surpassing those from the same period last year. The company reported new orders totaling 158 million euros, a 66% increase compared to the first quarter of 2024. This marks the first time PSI Software has achieved new orders exceeding 150 million euros in a single quarter.
Alongside the surge in new orders, PSI Software’s revenue saw a substantial rise of 35% to 67.9 million euros, up from 50.3 million euros in the previous year. The operating result (EBIT) stood at 2.1 million euros, aligning with company expectations and showing a stark contrast to the negative 14.8 million euros recorded after a cyberattack in the same quarter of the prior year.
The company’s segments experienced robust growth, with the Grid & Energy Management segment’s revenue increasing by 35.9% to 30.2 million euros and the Process Industries & Metals segment up by 36.9% to 19.2 million euros. The Discrete Manufacturing and Logistics segments also reported revenue gains and improved operating results.
PSI Software’s workforce experienced a slight increase to 2,339 employees, and the company noted a healthy cash flow from operating activities at 10.6 million euros. This contributed to a rise in cash and cash equivalents to 32.5 million euros and a reduction in current financial liabilities to 8.2 million euros.
The first quarter also saw PSI Software take initial steps towards cloud transformation, partnering with Google (NASDAQ:GOOGL) Cloud to advance this strategic shift. With these developments, the PSI Executive Board maintains its forecast for a 10% growth in new orders and revenues for the year, along with an expected adjusted EBIT margin of around 4%.
PSI Software specializes in developing software for optimizing energy and material flows in utilities and industries. The company emphasizes its use of AI methods combined with proven optimization techniques to support sustainable energy, production, and logistics.
This positive start to 2025 for PSI Software is based on a press release statement and reflects the company’s performance in the context of its ongoing business operations and strategic initiatives.
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