First quarter 2019 result

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
CFO
Tel: +47 920 60 158
E-Mail: hilde.gilen@strongpoint.com