Corporate News PSI with strong industrial business in the third quarter

The PSI Group improved sales by 2.5% to 179.7 million euros in the first nine months of 2022 (30 Sept. 2021 adjusted: 175.4 million euros). Due to weak order intake and significant project overruns in the municipal utilities business, operating earnings (EBIT) were 13% down year-on-year at 14.3 million euros (30 Sept. 2021 adjusted: 16.4 million…

Metals Industry thyssenkrupp Electrical Steel Successfully Puts PSImetals 5 into Operation

thyssenkrupp Electrical Steel GmbH has successfully launched the production management system PSImetals 5 from PSI Metals. The software modules Production and Quality control the cold rolling mill, heat treatment, surface treatment and cutting. The solution allows for a seamless integration of the production processes with the business layer in ERP…

Gas Grids and Pipelines Corporate News PSI Receives Innovation Award from German Gas Industry 2022

PSI Software AG received on 12 October in Berlin the Innovation Award from the German Gas Industry 2022 in the category "Intelligent Infrastructure" for the software product PSIcontrol/Greengas.

Corporate News Ad-hoc PSI adjusts Annual Targets due to Business Performance in the Electrical Grids Business

The Executive Board of PSI Software AG has decided to adjust the annual target for the operating result from continuing operations (EBIT) to 20 million euros due to the course of business in the Municipal Utilities business (current consensus estimate: 25.1 million euros). The Municipal Utilities business, which generates around 5% of Group sales,…

Metals Industry Industrial AI Digitalization Sustainability PSI Metals and Seresco Enter into Strategic Partnership to Cover New Local Markets

In July, PSI Metals signed a strategic partnership with Seresco, a Spanish software company. Within this partnership, Seresco will support the distribution of the PSImetals products and will launch them into new local markets.

Industrial AI Power Grids and Sector Coupling Digitalization Sustainability PSI Participates in the ELMAR Research Project as Part of a Partner Network

PSI is participating with partners in the newly launched ELMAR research project with the aim of "integrating the use of electric heavy-duty transport machines in the raw materials industry". Within this framework, a partner network of top-class research and industry partners is working out how decarbonization of raw material extraction, and thus a…