Third quarter 2018 result

19. October 2018

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

“Most of our clients want to grow within e-commerce and all of our clients need to improve store operations productivity. This is a double opportunity for StrongPoint”, says Jacob Tveraabak, CEO StrongPoint. See the whole interview with Jacob Tveraabak and Anders Nilsen (CFO) here.

For additional information please contact:
Anders Nilsen
CFO, StrongPoint ASA
Phone +47 932 59 410