The EBIT in the Q2 of 2008 increased by 40 % to about EUR 1.4 million. This is as announced, above the EBIT for the first quarter of 2008. In the first six months, new orders increased by 8 % to 78 million euros as compared to EUR 72 million in H1 of 2007. Adjusted for the sale of the government business in the middle of 2007 the increase is even 15 %. The EBIT for the first half of 2008 is, with about 2.7 million euros 50 % above EUR 1.8 million in H1 of 2007.
PSI Group said that “New orders increased in the Q2 primarily in exports and here in particular in the segments energy and steel. It has started into the second half of the year with a well filled sales pipeline and a very good volume of orders. The high costs of energy and raw materials have led PSI customers in the segments of energy and heavy industry to continued investments in expansion and efficiency. Management expects the development to continue in the second half of the year and will further strengthen PSI’s growth through acquisitions. As announced, the decision about raising the annual forecast will be made in the course of the Q3.
(...)