Third Quarter 2021 Results

StrongPoint ASA reported revenues of NOK 196.4 million in the third quarter of 2021, down from NOK 215.2 million in the same quarter in 2020 due to tight global supply chains, lower than anticipated grocery locker roll-outs and last year’s unusually large and quickly deployed ESL project. EBITDA ended at NOK 8 million (21.4) impacted by investments in e-commerce and lower sales. StrongPoint reiterates the financial ambition for 2025.

“The fundamentals and long-term prospects for grocery retail technology and StrongPoint’s solutions continue to be positive. However, unprecedented recent global turbulence is impacting us and prolonging sales and delivery cycles. Together these recent trends are negatively impacting our short-term financial results. Whereas we are on a journey to shift more of our business to be recurring, we still are to a large extent a project-driven company. Hence, comparing the financial results this autumn with last year’s record high project activity level does not alone give a correct assessment of our progress, achievements and long-term product-market fit,” says Jacob Tveraabak, Chief Executive Officer of StrongPoint.

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For more information

Hilde Horn Gilen
CFO StrongPoint ASA,
+47 920 60 158
hilde.gilen@strongpoint.com