StrongPoint ASA: Third Quarter Results 2024

18 Oct 2024 07:00 CEST

18.10.2024 07:00:01 CEST | StrongPoint | Half yearly financial reports and audit
reports / limited reviews

(Oslo, 18 October 2024) StrongPoint ASA reported revenues of NOK 313 million in
the third quarter of 2024, NOK 20 million higher than same quarter in 2023
(293). The EBITDA increased by NOK 8.4 million to NOK 12.2 million (3.8).

"Following several very tough quarters, we are now starting to see some positive
effects of organizational, cost and commercial measures taken earlier. Revenue
is up 7% driven by strong project driven performance in the Baltics and Sweden
as well as from e-commerce. Despite a continued challenging shopfitting market
in the UK our Group profit figures are back to black. In addition to a generally
slightly more positive business environment, we are having great success with
the roll-out of our Order Picking solution at Sainsbury's in UK," says Jacob
Tveraabak, Chief Executive Officer of StrongPoint.

StrongPoint reported revenues of NOK 313 million (293) in the third quarter of
2024 and an EBITDA of 12.2 million (3.8). The third quarter EBIT was NOK 2.2
million and EBT was NOK 3.8 million. The net profit after tax ended at NOK 2.7
million in the quarter. Cash flow from operating activities was NOK 10.1
million.

"Whilst we will continue our efforts to improve short-term financial
performance, we are fully focused on delivering on the important roll-out of our
Order Picking solution to Sainsbury's. With the announcement of such an esteemed
grocery retailer as Sainsbury's, our UK & Irish businesses are experiencing more
solution and product interest than ever before. As examples, we now have 3
confirmed proof of concepts (POCs) for our Vensafe loss prevention solution,
aimed at reducing the significant theft issues in stores. Also, we have
confirmed a POC for Grocery Lockers, aimed at reducing the last mile delivery
cost of e-groceries, compared to home delivery which is so prevalent in the UK
market. In addition to the positive development on the customer side in the UK,
our E-commerce offering is gaining attention worldwide," Tveraabak continues.

"Whereas we continue to observe much market uncertainty in the short-term I am
cautions about promising continued significant short-term financial
improvements. That said, as the organizational, cost and commercial measures
taken earlier have started bearing fruits this quarter, I am hopeful about
positive trends and improved performance for the remainder of the year and into
2025," Tveraabak concludes.

StrongPoint will host an in-person and streamed presentation of the third
quarter results at 07:00 CET followed by a Q&A session at 10:00 CET 18 October
2024. Questions can be submitted online during the Q&A or via email at:
investor@strongpoint.com.

The webcast is available atstrongpoint.com - http://strongpoint.comand can also
be accessed by the following links:

Q3 Presentation:
https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20241018_1

Live Audiocast :
https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20241018_2

*EBITDA and other alternative performance measures (APMs) are defined and
reconciled to the IFRS financial statements as a part of the APM section of the
first quarter 2024 financial report on page 24.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

CONTACTS

* Marius Drefvelin, CFO StrongPoint ASA, +47 958 95 690,
marius.drefvelin@strongpoint.com

ABOUT STRONGPOINT

StrongPoint is a grocery retail technology company that provides solutions to
make shops smarter, shopping experiences better and online grocery shopping more
efficient. With over 500 employees in Norway, Sweden, the Baltics, Finland,
Spain, the UK and Ireland and together with a wide partner network, StrongPoint
supports grocery and retail businesses in more than 20 countries. StrongPoint
provides in-store cash management and payment solutions, electronic shelf
labels, self-checkouts, task and labor management software, click & collect
temperature-controlled grocery lockers, in-store and drive-thru grocery pickup
solutions and grocery order picking solutions, both manual and automated.
StrongPoint is headquartered in Norway and is listed on the Oslo Stock Exchange
with a revenue of approx 1.4bn NOK [ticker: STRO].

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847450/18285919/5128/Download%20announce
ment%20as%20PDF.pdf

StrongPoint Q3 2024.pdf -
https://kommunikasjon.ntb.no/ir-files/17847450/18285919/5123/StrongPoint%20Q3%20
2024.pdf

StrongPoint Q3 2024 print version.pdf -
https://kommunikasjon.ntb.no/ir-files/17847450/18285919/5124/StrongPoint%20Q3%20
2024%20print%20version.pdf

StrongPoint Q3 2024 Presentation.pdf -
https://kommunikasjon.ntb.no/ir-files/17847450/18285919/5127/StrongPoint%20Q3%20
2024%20Presentation.pdf

More information:
Access the news on Oslo Bors NewsWeb site

629859_Download announcement as PDF.pdf
629859_StrongPoint Q3 2024 Presentation.pdf
629859_StrongPoint Q3 2024.pdf
629859_StrongPoint Q3 2024 print version.pdf