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    PSAN   DE000A0Z1JH9

PSI SOFTWARE AG

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PSI AG : PSI receives warehouse management order from lingerie manufacturer Milavitsa

01/08/2013 | 07:00am EDT

PSIwms controls distribution centre at new factory with higher daily throughput

Berlin, 8 January 2013 - With its standard warehouse management software solution PSIwms, logistics software specialist PSI Logistics GmbH will in future take full control of the distribution centre at the new factory of Eastern European lingerie manufacturer Milavitsa in Minsk, Belarus.

In the first phase of the project, the stocks of the three existing warehouse sites will be transferred directly to PSIwms at the new site in Minsk, which is equipped with 63,000 shelf spaces and 3,600 pallet spaces. In the second phase, the conveyor systems, two sorters and an automatic packaging system with a linked weighing and a labelling system will be integrated into the PSI system. PSIwms controls the entire transfer process for articles leaving production. PSI has implemented the special requirements of the lingerie manufacturer in the system, such as multi-stage quality checks and mechanical packaging and labelling of the finished products.

The goods receipt process not only covers the incoming lingerie from production but also goods from various sources and countries. The article storage and retrieval processes are controlled via the interface to the material flow controller while taking into account the order of the articles in their distribution across the sorters, the correctly sorted packing of the lingerie according to colour and size as well as the labelling of the articles according to market objectives. With this implementation of PSIwms and automated processes, Milavitsa is expecting a 50 percent higher daily throughput in future.

Milavitsa has been producing lingerie for around 50 years and is one of the biggest lingerie producers in Eastern Europe. The company's products are sold in more than 25 countries around the world.

On the basis of its own software products, PSI AG develops and integrates complete solutions for energy management (electricity, gas, oil, heat), production management (metals, automotive, mechanical engineering, mining, logistics) and infrastructure management for transport and safety. PSI was founded in 1969 and employs about 1,600 persons worldwide.

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Financials
Sales 2021 233 M 275 M 275 M
Net income 2021 15,3 M 18,1 M 18,1 M
Net cash 2021 34,6 M 40,8 M 40,8 M
P/E ratio 2021 40,4x
Yield 2021 0,95%
Capitalization 620 M 733 M 731 M
EV / Sales 2021 2,51x
EV / Sales 2022 2,44x
Nbr of Employees 2 086
Free-Float 59,0%
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 39,50 €
Average target price 32,63 €
Spread / Average Target -17,4%
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Managers and Directors
Harald Schrimpf Chairman-Executive Board & Chief Executive Officer
Gunnar Gl÷ckner Chief Financial Officer
Karsten Trippel Chairman-Supervisory Board
Elena GŘnzler Member-Supervisory Board
Ulrich Wilhelm Jaroni Vice Chairman-Supervisory Board
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