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2014-04-25

PSI Group ASA : First quarter 2014 result

HIGHLIGHTS 1ST QUARTER 2014

Operating revenues:
MNOK 173,2 (MNOK 186,8).

A decrease of 7.3 per cent for the Group.

1.2 per cent decrease forPSI Technology
to MNOK 89.8 (MNOK 90.9). CashGuard has increased the revenues with 42.4 per
cent, while SQS Security has a decrease in turnover of 52 per cent.

34.1 per cent decrease forPSI Retail
to MNOK 50.2 (MNOK 76.2). The decline is related to the roll out of electronic
shelf labels to Rema 1000 which was completed in summer 2013.

132.7 per cent increase forPSI Labels
to MNOK 41.9 (MNOK 18.0). The increase comes from both the acquisition of
businesses and organic growth.

EBITDA:
MNOK 10.0 (MNOK 13.1)

MNOK 0.4 reduced EBITDA for PSI Technology to MNOK 6.1 (MNOK 6.5).

MNOK 4.7 reduced EBITDA for PSI Retail to MNOK 4.6 (MNOK 9.3).

MNOK 2.7 increased EBITDA for PSI Labels to MNOK 2.6 (MNOK -0.1).

Cash
flow from operational activities:
MNOK -8.3 (MNOK 1.0) - high turnover in March

PSI Group ASA acquired 8 April 2014 100 per cent of Vensafe AS
.

PSI Retail has signed a framework agreement for the delivery, installation and
service of Pricer's electronic shelf labels to a retail chain in Norway. The
deliveres are scheduled to start in the second quarter.

About PSI Group:
PSI Group's mission: Driving Retailers' profitability by providing innovative
integrated Technology Solutions enabling store owners to perform to their
full potential.

PSI Group, a public company listed at Oslo Stock Exchange, has it's
headquarter at Rælingen, close to Oslo, with a total staff of approximately
350 in Scandinavia and Europe.
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.

PSI Group - 1st quarter 2014 result
http://hugin.info/135219/R/1779884/608353.pdf
PSI Group - 1st quarter presentation
http://hugin.info/135219/R/1779884/608384.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: PSI Group ASA via Globenewswire

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