HIGHLIGHTS
- Operating revenues of MNOK 142.0 in the fourth quarter 2010 (MNOK 154.1).
- EBITDA of MNOK 4.9 in the fourth quarter 2010 (MNOK 13.9).
- Positive cash flow from operating activities of MNOK 25.1 (MNOK 38.0).
- The profit growth in Retail Solutions and Cash Management Retail continues.
Still low demand for the division Cash Management CIT/ATM, but the market shows some signs of improvement.
THE GROUP
The Group generated operating revenues of NOK 142.0 million in the fourth quarter 2010, compared with NOK 154.1 million in the corresponding period in 2009.
The reduction in operating revenues during the quarter can be ascribed to lower sales in the Cash Management CIT/ATM business area.
Operating profit before depreciation (EBITDA) in the fourth quarter 2010 was NOK 4.9 million, a reduction of NOK 9.0 million from the year before. This is despite the negative development in Cash Management CIT/ ATM where EBITDA declined by NOK 16.4 million compared to the corresponding period last year.
For further information, please contact:
Jørgen Waaler, CEO PSI Group ASA, Tel +47 905 90 010
About PSI Group
PSI Group is the leading global provider of closed and secure cash handling solutions wherever money moves.
PSI Group is head quartered at Rælingen (Norway) and has about 320 employees in Scandinavia and Europe. The company is listed on the Oslo Stock Exchange and Nasdaq OMX in Stockholm.
For more information please visit www.psigroup.no
