<a id="bm-comp-9555da6a-a909-4548-b4f4-7722a0e2e4d8" name="bm-comp-9555da6a-a909-4548-b4f4-7722a0e2e4d8" class="BMCustomAnchor"></a><table><tr><td bm-component-id="9555da6a-a909-4548-b4f4-7722a0e2e4d8" style="vertical-align: top; width:100.000000%;"><ul><li>Q2: Sales 6% above, EBITDA NOK 7m vs ABGSCe NOK 3m</li><li>Positive development in projects</li><li>Only minor adjustments to estimates expected</li></ul></td></tr></table><a id="bm-comp-cfdb0c59-5aa7-400d-9ca4-df2670a5cae6" name="bm-comp-cfdb0c59-5aa7-400d-9ca4-df2670a5cae6" class="BMCustomAnchor"></a><table><tr><td bm-component-id="cfdb0c59-5aa7-400d-9ca4-df2670a5cae6" style="vertical-align: top; width:100.000000%;"><h3 class="bm-h3">Q2: EBITDA of NOK 7m vs ABGSCe NOK 3m</h3><p>Sales increased 18% y-o-y, driven by solid performance in UK&Ireland, Sweden and the Baltic's. Total revenues came in at NOK 350m, 6% vs our NOK 330m. GP was +9% vs. our estimate, giving a solid GM of 43.7% (ABG 42.5%). EBITDA came in at NOK 7m vs. ABGSCe NOK 3m, on higher gross profit and absence of non-recurring cost incurred last year as part of cost a headcount and cost reduction initiative. The EBITDA margin landed at 2.1% (vs. ABGSCe 0.9%). This is an improvement y-o-y (Q2'24 0.3%), and the H1'25 EBITDA margin came in at 2.5%. EPS came in at NOK -0.07 vs. ABGSCe NOK -0.19. Cash flow from operations was stronger compared to Q1, at NOK 20m vs NOK 8m. Net debt came in at NOK 73.6 m vs NOK 72m in Q1. On outlook: StrongPoint states that they see continued improvement in both EBITDA and recurring revenue. The long term ambitions are healthy revenue growth and an EBITDA margin >10%.</p><h3 class="bm-h3" style="text-align:left;">Positive development on projects</h3><p style="text-align:left;">Recently, multiple new customers have been announced, and this is a step in the right direction for StrongPoint. In Belgium, the grocery retailer Carrefour chose StrongPoint’s Order Picking solution, a Nordic retailer placed an order of ~21 MNOK for AI scales to be used in their stores, and COOP Estonia has ordered 130 self-checkouts from StrongPoint. Regarding Sainsbury's, the roll-out is planned to be completed by summer '26.</p><h3 class="bm-h3">Estimates largely unchanged</h3><p>The markets remain challenging, but estimates have already come down, and are thus likely to remain largely unchanged. Run-rate revenue and EBITDA at NOK ~1.4bn and ~NOK 35bn - in line with our estimates.</p></td></tr></table><a id="bm-comp-7677d60c-583c-4b20-b2ad-0ac80f2e43b4" name="bm-comp-7677d60c-583c-4b20-b2ad-0ac80f2e43b4" class="BMCustomAnchor"></a><table><tr><td bm-component-id="7677d60c-583c-4b20-b2ad-0ac80f2e43b4" style="vertical-align: top; width:100.000000%;"><table id="bm-img-e7bd0575-314c-41e5-8c7f-8b7444506f6b" class="bm-img-table xslt-img-empty xslt-img-include"><tr><td class="xslt-img-caption">Deviation table</td></tr><tr><td><img bm-img-encrypt="e7bd0575-314c-41e5-8c7f-8b7444506f6b" bm-img-original-height="441" bm-img-original-width="836" bm-img-svg="image:image_upload/88780_b918833f-2795-441c-93e1-1b59bbedc171.svg" bm-img-width-hint="100%" id="bm-id-2fda76ab-3f1f-4dbf-8cfb-462991d8b7fa" src="https://abgsc.bluematrix.com/images/image_upload/88780_b918833f-2795-441c-93e1-1b59bbedc171_727.png" svg="/nas/web/clients/abgsc/images/image_upload/88780_b918833f-2795-441c-93e1-1b59bbedc171.svg" width="727" alt="" title="" /></td></tr><tr><td class="xslt-img-source">Source: ABG Sundal Collier, Company data</td></tr></table></td></tr></table>