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Wednesday, 12 July 2017

StrongPoint ASA: Second quarter 2017 result

StrongPoint ASA    

Published: 08:15 CEST 12-07-2017 /GlobeNewswire /Source: StrongPoint ASA / : STRONG /ISIN: NO0010098247

StrongPoint ASA: Second quarter 2017 result

Highlights second quarter
·         Operating revenue
o    MNOK 237.9 (300.8)
·         EBITDA
o    MNOK 6.7 (34.5)
o    The deviation from the profit warning is due to a delayed delivery of Cash Security products, as well as costs associated with the closure of a department in Moss.
·         Cash flow from operational activities
o    MNOK 11.0 (43.0)
·         Breakthrough for Click & Collect in Russia
o    In June, StrongPoint received an order and partial pre-payment from Utkonos in Russia for delivery of 25 Click & Collect Grocery Lockers with associated software solutions for delivery in Octobe
·         Received order of 50 Cash Management systems to Australia. With exception of to two pilots delivered earlier this year, this is the first delivery of Cash Management systems to Australia.

·         Record number of Cash Management systems sold outside the Nordics. We see a positive development in the international expansion.

·         Dividend
o    Ordinary dividend of NOK 0.50 per share was paid in May 2017
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.

StrongPoint ASA 2nd quarter result 2017

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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