PSI Group ASA's total revenues and profit in 4th quarter 2008 is expected to become considerably better than previously announced. In the company's latest financial report an expected increase in total revenues of 40-50 percent from 3rd quarter was estimated for the 4th quarter together with an EBITDA-margin of 14-16 percent. Now the increase in total revenues from 3rd quarter is expected to reach 65-70 percent together with an EBITDA-margin of 16-18 percent in 4th quarter. In addition comes the positive impact on profit from the acquisition of Fristrøm Innovasjon AB of approximately SEK 13 million. - In these times we are of course very pleased to be able to announce that we now are expecting an even better development in total revenues and profit than previously reported. This confirms the company's large resilience and increasing competitive force following the recent optimization and efficiency efforts which have been made throughout the entire group. The reason is simple - namely a high activity level in all areas of business. For the group it is expected, as previously announced, continued good growth and increasing profits in 2009, says Jørgen Waaler, CEO of PSI Group. Wednesday 11 February at 0800 hrs (CET) PSI Group will be presenting 4th quarter financial figures and preliminary financial figures for 2008. For additional information please contact: Jørgen Waaler CEO of PSI Group ASA Phone +47 905 90 010 About PSI Group PSI Group is a leading global provider of closed cash handling solutions in the society and provider of retail technology for improving the efficiency of price, goods and consumer information in selected geographical areas. PSI Group is head quartered in Rælingen (Norway) and employs around 360 staff in Scandinavia and Europe. The company is listed on the Oslo Stock Exchange and Nasdaq OMX in Stockholm. For more information, see www.psi.no or www.psigroup.no.
EXPECTS CONSIDERABLY HIGHER REVENUES AND IMPROVED PROFIT IN 4TH QUARTER 2008
| Quelle: PSI Group ASA