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StrongPoint ASA: Third quarter 2018 result

08:15 / 19 October 2018 StrongPoint Press release

Highlights third quarter
Solid financial results
· Operating revenues: MNOK 233.3 (204.8)
· EBITDA: MNOK 15.2 (14.1)
· Cash flow from operational activities: MNOK 1.2 (- 2.2)
Important new customer contracts
· Electronic Shelf Labels (ESL) to up to 350 Joker-stores
· Framework agreement of MNOK 50 on electronic shelf labels (ESL) to a speciality retail chain
· Exclusive contract for 960 CIT cases for Sberbank
Reinforcement of the organization
· Dedicated E-commerce unit, led by Göran Thörn in Cub
· Dedicated SVP Global Partner, Roine Gabrielsson, from January 2019
· Technology with new SVP, Julius Stulpinas, from January 2019, and establishment of a cross-functional product development team
Cost optimization and focus in the future
· Cost savings estimated to MNOK 30 per year from January 2019
· Organic growth of own e-commerce solutions, sales of cash management solutions through "RoadRunners", and sales of own solutions through external partners
· Growth through M&A and partnership About StrongPoint: StrongPoint's mission: Driving Retailers' productivity by providing innovative integrated Technology Solutions enabling retailers to perform to their full potential. StrongPoint has its headquarter at Rælingen, and has approximately 570 employees in Norway, Sweden, the Baltics, France, Germany, Belgium, Spain, Russia and Malaysia. StrongPoint has the ticker "STRONG" on Oslo Stock Exchange. For further information: This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. StrongPoint ASA result Q3 2018
StrongPoint ASA presentation Q3 2018

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: StrongPoint ASA via Globenewswire


This information was distributed by GlobeNewswire