Q2 2025 Strongpoint ASA Earnings Call (Q&A Session) Transcript
Key Points
- Revenue increased by 16% to NOK378 million, with total quarterly revenue up by 18% to NOK350 million.
- StrongPoint ASA secured a significant contract with Carrefour Belgium for its Order Picking solution, indicating strong market acceptance.
- A Nordic grocery retailer ordered over NOK20 million worth of AI-powered weighing scales, showcasing product demand.
- Coop Estonia, a long-standing customer, ordered over 100 self-checkout units, reinforcing customer loyalty and product reliability.
- The partnership with VusionGroup is progressing well, with ongoing installations in the UK and Spain, and joint discussions with potential customers.
- EBITDA margin is relatively low at 2.1%, indicating potential profitability challenges.
- The CashGuard Connect project is taking longer than expected to move from pilot to industrialization, delaying potential revenue streams.
- StrongPoint faces challenges in penetrating markets dominated by proprietary solutions from major retailers like Walmart and Tesco.
- There is uncertainty regarding the timing of significant orders from the VusionGroup partnership, which could impact revenue forecasts.
- The sale of 1x shares was not included in the Q2 report, indicating potential delays in financial reporting and realization of gains.
Good morning, everyone. Welcome to StrongPoint's Q2 Q&A audio call. A quick intro before we start. On the financials, there's a few things to highlight from the results that we published earlier this morning.
Revenue is up by 16% to NOK378 million. Total revenue for the quarter came in at NOK350 million. That's up 18%.
And regarding EBITDA, it's at NOK7 million with a margin of 2.1%. On the company operations -- again, three things to highlight. Fantastic news regarding Carrefour Belgium, which chose StrongPoint's Order Picking for all its scheduled e-commerce orders. Secondly, a Nordic grocery retailer has ordered over NOK20 million of AI-powered weighing scales. They will be used by its end customers.
And lastly but not leastly, the grocery retailer, Coop Estonia, a long-standing customer of StrongPoint has ordered over 100 self-checkout from us.
Questions & Answers
(Event Instructions) So kicking off on the first question, it's actually regarding order picking.
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