Press statement
Wiesbaden, 30th August 2006
Annual general meeting of P&I in Wiesbaden
The sixth annual general meeting of P&I Personal & Informatik AG (Prime Standard: ISINDE 000 6913403) was held at the Casino-Gesellschaft in Wiesbaden on August 29th 2006 with more than 120 participants in attendance. The shareholders voted almost unanimously in favour of all the items on the agenda in line with intentions of the executive management and supervisory board. 5.9 million euros - which means 76.9 percent - of the share capital of the Wiesbaden based company in the amount of 7.7 million euros, was represented. Klaus C. Plönzke presided over the meeting in his capacity as Chairman of the Supervisory Board.
For the first time since the IPO of P&I, a dividend distribution was approved for utilisation of the profit available for distribution. The dividend amounts to 3.00 euros and consists of a normal dividend in the amount of 0.56 euros per share and a special dividend in the amount of 2.44 euros per share. Both portions of the dividend will be paid out today.
In addition, the motions presented by the administration included a supervisory board election, a motion to disclose the remuneration of the members of the executive management, an amendment to the articles of incorporation for editorial reasons and - once again - a share buyback programme. The executive management and the supervisory board were unanimously given formal approval for their actions during the business year 2005/2006.
In the supervisory board election, Klaus C. Plönzke from Wiesbaden was confirmed in his office. In November of last year, Plönzke - an entrepreneur from the IT business sector - was appointed to the supervisory board by the municipal court after a member had resigned from his office. In the constituent assembly of the supervisory board that took place following the annual general meeting, Plönzke was confirmed in his function as Chairman of the Supervisory Board.
The executive management can once again look back on 2005/2006 as another business year that was concluded successfully. Annual net profits more than doubled, reaching 7.4 million euros (previous year: 3.4 million euros); turnover amounted to about 50 million euros, which is eleven percent higher than the previous year.
In his review, CEO Vasilios Triadis presented the positive results of the business year and the last quarter. The foundation for this is know-how with regard to business processes in the area of human resource management. In that area, P&I has succeeded in clearly distinguishing itself in the market as a special supplier and standing out vis-à-vis other suppliers.
It was said that the planning for the current business year 2006/2007 foresees a turnover increase in the amount of ten percent. The EBIT margin as the profitability ratio for operating results is expected to approach 20 percent and the EBITDA margin is expected to be established in the area of 25 percent.
The strategic orientation of P&I is focussed on positioning the company as market leader and on offering an integrated product portfolio aimed at efficiently supporting all processes in the area of human resource management. This is supported by lean and efficient organisational structures as well as by highly motivated employees capable of thinking along innovative lines.
P&ISoftware for human resource management (ISIN: DE 0006913403)
P&I AG Personal & Informatik AG specialises in standard software solutions for human resource management -- for everything from payroll accounting and personnel management to time management as well as employee portals.The solutions can be utilised at the international level and in all business sectors.P&I has more than 280 employees and a presence at 11 locations throughout Europe.The company, which has its head office in Wiesbaden, has had more than 35 years of experience.About 3,700 companies and public authorities of all sizes rely on P&I solutions.P&I is stock exchange listed in the Prime Standard segment and in the business year 2005/2006 it achieved a turnover of 50 million euros.
More about P&I AG:
Contact:
P&I AG:
Investor Relations, Andreas Granderath
Kreuzberger Ring 56, D - 65205 Wiesbaden
Tel.: +49 (0)611 / 7147 - 267, Fax: - 367
E-mail:
Current representation through
Executive Secretarial Office Corinna Stange
Tel.: +49 (0)611 / 7147 - 325, Fax: - 125