StrongPoint ASA (OSL:STRO)
kr 11.25 +0.050 (+0.45%) Market Cap: 503.21 Mil Enterprise Value: 644.90 Mil PE Ratio: 0 PB Ratio: 1.07 GF Score: 83/100
Back to the Transcripts List

Q2 2024 Strongpoint ASA Earnings Call (Q&A Session) Transcript

Jul 12, 2024 / 09:00 AM GMT
Release Date Price: kr10.9 (-4.80%)

Key Points

Positve
  • StrongPoint ASA (STU:PGT) reported growth in service and recurring revenue, which is crucial for building a sustainable business.
  • The company has started recognizing revenue from a significant order picking deal with Sainsbury's, marking a major milestone.
  • StrongPoint ASA (STU:PGT) initiated a pilot for its CashGuard Connect solution with Spain's largest grocery retailer, indicating progress in product development.
  • The company is expanding its partner network, particularly in the US, to enhance its e-commerce offerings.
  • StrongPoint ASA (STU:PGT) has implemented restructuring initiatives to reduce costs, which are expected to take effect in the second half of the year.
Negative
  • Product sales have declined compared to the same quarter last year, reflecting hesitation from major retailers to make large-scale investments.
  • The company faces challenges in penetrating larger markets like the UK and Spain with its Electronic Shelf Labels (ESL) due to direct supplier access expectations.
  • StrongPoint ASA (STU:PGT) has not announced new wins for its AutoStore distribution, indicating potential stagnation in this area.
  • The depreciation of the Norwegian and Swedish kroner has negatively impacted sales in these regions.
  • There is limited visibility on product sales, making it difficult to predict future revenue and gross margin outcomes.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

STRO.OL - Strongpoint ASA
Q2 2024 Strongpoint ASA Earnings Call (Q&A Session)
Jul 12, 2024 / 09:00AM GMT

=====================
Corporate Participants
=====================
* Knut Olav Olsen
Strongpoint ASA - IR
* Jacob Tveraabak
Strongpoint ASA - Chief Executive Officer
* Marius Drefvelin
Strongpoint ASA - Chief Financial Officer

=====================
Questions and Answers
--------------------------------------------------------------------------------
Knut Olav Olsen, Strongpoint ASA - IR [1]
--------------------------------------------------------------------------------
Good morning, and welcome to this Q&A session following our second-quarter financial report that was released earlier today. My name is Knut Olsen. And with me today to answer your questions I have our CEO Jacob Tveraabak; and our CFO Marius Drefvelin.

We have set of 30 minutes. And you may during this live stream post your questions using the button at the bottom left corner of your
Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2025 GuruFocus.com, LLC. All Rights Reserved.