14.7.2021 07:00:01 CEST | StrongPoint | Half yearly financial reports and audit
reports / limited reviews
(Oslo, Norway, 14 July 2021) StrongPoint ASA (StrongPoint, OSE: STRO) reported
revenues of NOK 252 million in the second quarter of 2021, up from NOK 222
million in the same quarter in 2020 and an EBITDA of NOK 12 million (17).
StrongPoint has transformed into a retail technology company and reiterates the
financial ambition of NOK 2.5 billion in revenues and EBITDA margins of 13-15 %
"As societies prepare for a relatively more 'normal' summer, the grocery retail
megatrends continue to impact the industry. This includes grocery e-commerce
growing across the board and higher customer expectations for in-stores
experiences, frictionless shopping and food safety. All these trends - and more
- are resulting in an increased margin pressure on grocery retailers' stores and
consequently, additional technology solutions are needed to drive efficiency
gains," says Jacob Tveraabak, Chief Executive Officer of StrongPoint.
StrongPoint reported revenues of NOK 252 million (222) in the second quarter of
2021 and an EBITDA of NOK 12 million (17). The EBITDA* was negatively impacted
by a total of NOK 20 million in the quarter from negative operations and
write-downs of inventory in Spain. The EBT ended at NOK 6.9 (7.1) million from
the continued operations in the quarter.
"At the end of June, we announced the divestment of our Labels business, and
completed our strategy to becoming a pure Retail Technology company. I am very
pleased with the price that our Labels business achieved which we will invest
into our core focus and business of Retail Technology," Tveraabak continues.
Following the sale of the Labels business StrongPoint reconfirmed its financial
ambition of NOK 2.5 billion in revenues and EBITDA margins of 13-15 % in 2025.
"Having completed the second quarter and first half year of 2021, I am proud of
the results the organization has delivered thus far. At the same time, I am
excited for what is to come. Our team is growing stronger day-by-day, our
solutions are constantly improving, and we are becoming increasingly relevant
for grocery retailers all over," Tveraabak concludes.
StrongPoint ASA will present the financial results for the second quarter and
first half of 2021 at 08:15 CET Wednesday 14 July 2021. The link to the
presentation and webcast can be found on StrongPoint's website and below:
*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
second quarter 2021 financial report on page 23.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Ann Merete Stabell, group controller in
StrongPoint ASA, on 14 July 2021 at 07:00 CET.
* Hilde Horn Gilen, CFO StrongPoint ASA, +47 920 60 158,
StrongPoint is a retail technology company that provides solutions to make shops
smarter, shopping experiences better and online grocery shopping more efficient.
With over 400 employees in Norway, Sweden, the Baltics and Spain and together
with a wide partner network, StrongPoint supports 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. StrongPoint is
headquartered in Norway and is listed on the Oslo Stock Exchange with a revenue
of 1bn NOK [ticker: STRO].
Download announcement as PDF.pdf -
StrongPoint Q2 and 1st half 2021 screen.pdf -
StrongPoint Q2 and 1st half 2021 print.pdf -
StrongPoint Q2 and 1st half 2021 presentation.pdf -
This information was distributed by Oslo Børs https://www.oslobors.no/