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Friday, 16 June 2017

StrongPoint ASA: Profit warning

StrongPoint ASA    

Published: 08:00 CEST 16-06-2017 /GlobeNewswire /Source: StrongPoint ASA / : STRONG /ISIN: NO0010098247

StrongPoint ASA: Profit warning

StrongPoint expects the earnings in Q2 to be in line with, or slightly weaker than Q1 this year, when EBITDA ended at MNOK 10.7. The group has not gotten the seasonal increase in revenue that we normally have at this time of the year.

The quarter is characterized by fewer large projects compared with last year. Upgrades in connection with new banknotes in Norway have largely been finalised, and no significant orders have been received within Cash Security or ESL solutions.

The underlying trend is otherwise good, with continued good growth in sales outside the Nordic region. StrongPoint is experiencing strong interest in our solutions in both existing and new markets.
For further information, please contact:
Anders Nilsen
CFO, StrongPoint ASA
Phone +47 932 59 410
About StrongPoint:
StrongPoint's mission: Driving Retailers' productivity by providing innovative integrated Technology Solutions enabling store owners to perform to their full potential.
StrongPoint has its headquarter at Rælingen, and has approximately 570 employees in Norway, Sweden, The Baltics, France, Germany, Belgium, Spain, Russia and Malaysia. StrongPoint has the ticker "STRONG" on Oslo Stock Exchange.
For further information: www.strongpoint.com
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: StrongPoint ASA, Slynga 10, Rælingen 2005, NORGE
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