StrongPoint ASA: First Quarter 2025

“In a world with more turmoil and uncertainty than in decades, it is comforting for StrongPoint to be operating in a context where our customers are predominantly European grocery retailers. Our first quarter mirrors this economic setting, whilst also being the result of deliberate actions taken last year. Recurring revenue, on a twelve-month rolling basis, is up 17%. Growing our recurring revenue base, in particular recurring revenue from own software, is an important priority for StrongPoint going forward to build a more valuable and stable business. Our Nordics and the Baltics business units continue to deliver well on profitability, whereas we are still in an investment mode in Spain and the UK,” says Jacob Tveraabak, Chief Executive Officer of StrongPoint.

StrongPoint reported revenues of NOK 347 million (359) in the first quarter of 2025 and an EBITDA of 10 million (-6). The first quarter EBIT was NOK -0.4 million and EBT was NOK -11.3 million. The net profit after tax ended at NOK -8.3 million in the quarter. Cash flow from operating activities was NOK 8.3 million. 

“We continue our journey to build customer intimacy in our core markets. In the quarter, we initiated yet another important Vensafe proof of concept (POC) for Morrisons, a top tier UK grocery retailer. This is the third POC for a leading grocery retailer in the UK, reflecting the demand for a proven theft prevention solution. Also, in the quarter, we announced our first AutoStore win in the UK for a leading cosmetics retailer, showcasing our ability to sell and deliver these automation projects across geographies,” Tveraabak continues.

“Looking ahead, we remain cautiously optimistic about our short-term prospects. Our focus for 2025 is continuing and strengthening our customer intimacy in our core markets in Scandinavia and the Baltics. While market uncertainties persist today, we are encouraged by the positive trends in our results, the sustained interest in our diverse solution portfolio and our continued trust by customers, making us positive about thriving in the medium and longer term,” Tveraabak concludes.

StrongPoint will host an in-person and streamed presentation of the first quarter results at 07:00 CET followed by a Q&A session at 11:00 CET 29 April 2025. Questions can be submitted online during the Q&A or via email at: investor@strongpoint.com. 

The Annual General Meeting will be held as an Audiocast at 10:00 CET.

The webcast is available at strongpoint.com and can also be accessed by the following links: 

Q1 Presentation:  https://channel.royalcast.com/landingpage/hegnarmedia/20250429_1/

Live Q&A Audiocast:  https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20250429_2

Annual General Meeting Audiocast: https://channel.royalcast.com/landingpage/hegnarmedia/20250429_5/