THE GROUP
The Group generated operating revenues of MNOK 187.9 in the fourth quarter 2012, compared with MNOK 127.1 in the corresponding period in 2011 - an increase of 47.9 per cent. For the year 2012 operating revenue was MNOK 595.9 compared with MNOK 537.2 for the year 2011.
Operating profit before depreciation (EBITDA) in the fourth quarter 2012 was MNOK 14.9 (MNOK 9.8). For the year 2012 EBITDA was MNOK 40.2 (MNOK 49.9). The decrease is the result of the weak 1st quarter and a weak CashGuard sale throughout the year.
The Group made a profit before tax (EBT) of MNOK 7.9 in the fourth quarter 2012, compared with a loss of MNOK 74.2 in the same quarter in 2011. For the year 2012 EBT was MNOK 8.7 compared with MNOK - 57.4 for the year 2011. In 2011 it is included write downs in the 4th quarter of intangible assets in CashGuard with MNOK 18.1 and impairment of goodwill of MNOK 58.6 (MNOK 51.6 related to the SQS Security and MNOK 7.0 related to Retail Solutions).
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 301 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)
