Highlights 2nd quarter
Strong 2nd quarter performance
- Operating revenues: +19 % 1) underlying organic revenue growth to MNOK 287.1 (unadjusted growth: +4 %).
- EBITDA: MNOK 22.1 1) 2) (18.3), a strong underlying improvement of MNOK 25 vs. last year (unadjusted growth: MNOK +3.8).
- Cash flow from operational activities: MNOK 46.5 (6.0).
Several significant customer breakthroughs and deliveries
- New orders for Click & Collect pilots to Coop in Sweden and installation of two pilots in Spain.
- Delivery of the first Click & Collect solution to an ICA store in Sweden.
- Continued delivery of Vensafe and Pricer Electronic Shelf Labels in Norway and Sweden.
- Self-Checkout solutions to ”top!” and Mego in the Baltics.
Important milestones for go-to-market model
- Partner agreement with Reflexis Systems for the Nordics and the Baltics, and Optical Phusion (OPI) for e-commerce solutions in North America.
- Own Retail Technology offices in Belgium and France converted to partner offices.
- RoadRunner concept is implemented in Germany, and “Easy Access” rental solution rapidly growing in Spain with three times as many installations in Q2 compared to Q1.
1) Alimerka decided to purchase the rented CashGuards in Q2 2018, which gave a one-off effect of MNOK 36 on revenue and MNOK 21.3 on EBITDA.
2) The transition to IFRS 16 had a positive effect on the EBITDA of MNOK 5.7 in Q2 2019 and MNOK 11.4 YTD 2019.
“Going forward, we will focus on strengthening our Retail Technology business. This means maintaining and strengthening our relevance in Norway, Sweden and the Baltics. Furthermore, we will invest to increase our presence in Spain and Germany. Finally, we will continue to grow our E-commerce business into a significant part of StrongPoint’s business. In this context, we will continue to explore both partnerships and M&A opportunities in the future where mutual benefit and interests are aligned. Beyond that, we will do our outmost to be the best owner and employer for all business under the StrongPoint umbrella”, says Jacob Tveraabak, CEO of StrongPoint.
A recorded interview with CEO Jacob Tveraabak will be available here: https://www.strongpoint.com/about-strongpoint/investor/
For additional information please contact:
Hilde Horn Gilen CFO, StrongPoint ASA
Mail: hilde.gilen@strongpoint.com
Phone +47 920 60 158
About StrongPoint | www.strongpoint.com (http://www.strongpoint.com)
StrongPoint is driving productivity for European retailers by providing innovative, integrated technology solutions for multi-channel retailing based on long-standing relationships with customers and partners. StrongPoint is also a leader in IBNS solutions for Cash-In-Transit (Cash Security), and Labels for customers in Norway and Sweden. StrongPoint offers best-in-class service and consultancy expertise through its team of 534 employees in Norway, Sweden, the Baltics, France, Germany, Belgium, Spain and Russia. StrongPoint is headquartered in Rælingen, Norway, and listed on the Oslo Stock Exchange (ticker: STRONG).
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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