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StrongPoint ASA: Fourth quarter 2018 result

08:15 / 28 February 2019 StrongPoint Press release

Highlights fourth quarter

Solid financial results
- Operating revenues: + 19 %: MNOK 307,9 (259,1).
- EBITDA: + 8 %: MNOK 22,5 (20,9).
- Cash flow from operational activities: MNOK 20,5 (20,7).

Important new customer contracts
- Installation of two Click & Collect pick-up stations for the grocery chain Barbora in Lithuania.
- Pilot on "pick-by-light" (E-commerce Logistics Suite in combination with electronic shelf labels).
- Contract for 1 200 CIT cases to one of Europe's leading CIT companies.

Implementation of profitability improvement measures
- Implementation of cost-saving measures equivalent to MNOK 30 per year
  - including reduction of 32 FTE's and reduced use of consulting
- A doubling in sales of cash managment solutions in Spain to more than 250 solutions in the fourth quarter compared to the same period last year, primarily as a result
of "RoadRunners".

Proposal for increased dividends
- The Board will propose a dividend of NOK 0.55, up from NOK 0.50 last year.

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 540 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 presentation Q4 2018
StrongPoint ASA result Q4 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