THE GROUP
All the businesses areas in the group have experienced a slow start to the year, but with a better development at the end of the period.
The Group generated operating revenues of MNOK 122.4 in the first quarter 2012, compared with MNOK 142.5 in the corresponding period in 2011. A decrease of 14.1 per cent
Operating profit before depreciation (EBITDA) in the first quarter 2012 was MNOK -0.1, a decrease of MNOK 14.1 million from the corresponding period in 2011.
The Group made a pre-tax loss (EBT) of MNOK -8.0 in the first quarter 2012, compared with a profit of MNOK 4.4 in the same quarter in 2011.
The results from the business area Cash Management CIT/ATM is shown as continued operations. The results for the Group for 2011 and 2012 are included Cash Management CIT/ATM, while historical figures in the balance sheet are according to IFRS not adjusted.
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 300 employees in Scandinavia and Europe. The company is listed on the Oslo Stock Exchange.
For more information please visit www.psigroup.no
