PSI AG fuer Produkte und Systeme der Informationstechnologie ( (DE:PSAN) ) has shared an update.
PSI Group returned to profitability in the fourth quarter of 2024, achieving a positive EBIT of 4.2 million euros despite a challenging year marked by a cyberattack. While annual sales decreased by 3.4% to 260.8 million euros, recurring revenues grew, and the company secured significant orders, positioning itself well for 2025. The Grid & Energy Management segment faced challenges due to increased security requirements, while other segments like Process Industries & Metals and Logistics showed resilience. PSI has embarked on a cloud transformation journey, partnering with Google Cloud, and expects growth in new orders and sales by around 10% in 2025.
More about PSI AG fuer Produkte und Systeme der Informationstechnologie
PSI Group develops software products for optimizing the flow of energy and materials for utilities and industry. As an independent software producer with over 2,400 employees, PSI has been a technology leader since 1969, providing process control systems that ensure sustainable energy supply, production, and logistics by combining AI methods with industrially proven optimization methods. Their innovative industry products can be operated on-premises or in the cloud.
YTD Price Performance: 30.62%
Average Trading Volume: 2,866
Technical Sentiment Signal: Sell
Current Market Cap: €442M
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