13.2.2023 08:00:01 CET | StrongPoint | Half yearly financial reports and audit
reports / limited reviews
(Oslo, 13 February 2023) StrongPoint ASA reported revenues of NOK 405 million in
the fourth quarter of 2022, NOK 121 million higher than same quarter in 2021
(284). The EBITDA increased by NOK 14 million to NOK 34 million (20).
StrongPoint today reconfirms the financial ambition of NOK 2.5 billion in
revenues and EBITDA margins of 13-15 % in 2025.
"Serving the grocery retail market with technology solutions in demand has never
been more rewarding. The grocery market is one of the most resilient and
non-cyclical markets there is. We achieved our strongest quarter ever in terms
of revenue. Delivering a turnover of 405 MNOK in Q4 is a great achievement for
the Group, with a very strong 43% growth vs. the same quarter last year. The
quarter is obviously positively impacted by the inclusion of Air Link Group
which contributed 101 MNOK in revenue. In addition, our topline grew 7%
organically," says Jacob Tveraabak, Chief Executive Officer of StrongPoint.
StrongPoint reported revenues of NOK 405 million (284) in the fourth quarter of
2022 and an EBITDA of 34 million (20). The fourth quarter EBIT was NOK 21
million and EBT was NOK 17 million. The net profit after tax ended at NOK 13
million in the quarter. Cash flow from operating activities was NOK 38 million.
"Whereas the acquisition of Air Link Group already impacts our financials
positively, I am equally excited about the opportunities that this company
represents going forward for StrongPoint in the UK and Ireland. The
opportunities are vast in the UK and Ireland for our proprietary solutions along
with partner solutions. I am very optimistic about the future of StrongPoint in
the UK and Irish markets. Having proven the financial viability of the Spanish
operations, our focus in Spain going forward is growing our presence to allow us
to serve a larger customer base and to reap the benefits of operations at
scale," Tveraabak continues.
In a company strategy update session following the presentation of the fourth
quarter 2022 financial results, StrongPoint will outline the progress already
made on its 2025 targets. It will outline how the company has been transformed
since the strategy was announced and implemented as well as how it is on track
to achieve its financial ambitions.
"Whilst the general uncertainty and turmoil in the overall market is
unprecedented, I am pleased that StrongPoint predominantly serves the stable and
resilient grocery retail segment. We continue to see that our solutions are
attracting attention from the leading grocery retailers in our target markets
reflecting our world-class proprietary and partner solutions. We continue to be
confident in achieving our 2025 strategic ambitions," Tveraabak concludes.
StrongPoint will host a streamed presentation of the fourth quarter results at
08:30 CET followed by the Strategy Update Session at 09:15 CET Monday 13
February 2023. A Q&A session will follow the Strategy Update Session and
questions can be submitted online during the presentation or via email at:
The webcast will be available atstrongpoint.com - http://strongpoint.comand can
also be accessed by the following links:
Strategy Update Session:
*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
fourth quarter 2022 financial report on page 26.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
* Hilde Horn Gilen, CFO StrongPoint ASA, +47 920 60 158,
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, 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].
Download announcement as PDF.pdf -
StrongPoint Q4 2022.pdf -
StrongPoint Q4 2022 print.pdf -
StrongPoint Q4 2022 presentation.pdf -
StrongPoint Strategy Update Session 13 February 2023.pdf -
This information was distributed by Oslo Børs https://www.oslobors.no/