First quarter 2019 result

April 29, 2019

Very strong 1st quarter figures

  • Operating revenues: +15,3 % MNOK 288,2 (250,1)
  • EBITDA: MNOK 27,7* (11,5)
  • Cash flow from operational activities: MNOK 10,7* (-6,3)

Several significant customer breakthroughs and deliveries

  • Electronic shelf labels for Rimi Baltic.
  • Strong increase in sale of Vensafe in Norway and Sweden.
  • First agreement for electronic shelf labels with Gintarine Vaistine, a pharmacy chain in the Baltic.
  • Deliveries of Self-Checkout solutions to a grocery chain in the Baltic.
  • Production of labels using RFID technology from Labels to retail customers.

Important milestones for go-to-market model

  • Partner agreement with Harting Systems regarding the development and sale of Self-Checkout solutions in Germany.
  • Exclusive distribution agreement with Radiant Globaltech regarding the sale of StrongPoints products in Southeast Asia.
  • The RoadRunners concept expands to Germany.

Proposed dividend of NOK 0.55 per share

*) The transition to IFRS 16 had a positive effect on the EBITDA and Cash flow from operational activities of MNOK 5.7.

For more information:

Hilde Horn Gilen
Tel: +47 920 60 158

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