THE GROUP
The Group generated operating revenues of MNOK 198.6 in the second quarter 2013, compared with MNOK 139.2 in the corresponding period in 2012 - an increase of 42.7 per cent. In the first half 2013 operating revenue was MNOK 385.4 compared with MNOK 261.6 in the first half 2012. The sale of the shares in the InStore IT companies will give a gain of approx. MNOK 30. The transaction was completed in July and the accounting effects will be recognized in the third quarter.
The sale of CashGuard to South Africa in the first quarter, 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 also in these business areas.
Operating profit before depreciation (EBITDA) was MNOK 15.5 (MNOK 8.3) in the second quarter. In the first half 2013 EBITDA were MNOK 28.6 compared with MNOK 8.2 in the first half 2012.
Profit before tax (EBT) of MNOK 9.1 in the second quarter 2013, compared with MNOK 0.9 in the same quarter in 2012. In the first half 2013 EBT were MNOK 14.2 compared with MNOK - 7.1 in the first half 2012.
About PSI Group
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 about 300 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 pursuant to section 5-12 of the Norwegian Securities Trading Act.
