THE GROUP
The Group generated operating revenues of MNOK 186.8 in the first quarter 2013, compared with MNOK 122.4 in the corresponding period in 2012 - an increase of 52.6 per cent. The sale of CashGuard to South Africa has been good in the quarter. This combined with the replacement / new sales of CashGuard in the domestic markets in Norway and Sweden have resulted in good growth for CashGuard. Successful delivery of SQS CIT cases to Croatia and further roll out of Pricer ESL in Norway has contributed to growth in all business areas.
Operating profit before depreciation (EBITDA) was MNOK 13.1 (MNOK - 0.1) in the period.
Profit before tax (EBT) of MNOK 5.1 in the first quarter 2013, compared with a loss of MNOK 8.0 in the same quarter in 2012.
PSI Group is a leading global provider of the market's most reliable cash handling solutions and the leading systems integrator of retail technology solutions in Norway and Sweden.
PSI Group is headquartered in Rælingen (Norway) and has 309 employees in Scandinavia and Europe. The company is listed on the Oslo Stock Exchange.
For further information: www.psigroup.no
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
