Q2 2026 Strongpoint ASA Earnings Call Transcript
Key Points
- StrongPoint ASA (STU:PGT) achieved a significant milestone by securing its first major Vyushin contract for electronic shelf labels with Coop Estonia, valued at EUR 8 million.
- The company reported a substantial increase in cash flow from operations, rising to 49 million NOK from 20 million NOK in the previous year, driven by changes in working capital.
- StrongPoint ASA (STU:PGT) experienced 15% growth in its international operations, with notable contributions from the UK and Spain, which saw growth rates of 25% and 35%, respectively.
- The company successfully expanded its presence in the US market by securing an e-commerce order-picking contract with Meijer, a major regional grocery retailer.
- StrongPoint ASA (STU:PGT) continues to focus on technology solutions that enhance grocery retailers' efficiency and sustainability, with a strong emphasis on e-commerce and digitalization.
- The company's Q2 revenue decreased by 2% compared to the same quarter last year, with a notable 22% decline in the Nordic markets.
- Recurring revenue on a 12-month rolling basis also saw a decline of 2%, impacted by reduced license and service revenue from a former ESL partner.
- EBITDA for the quarter was reported at 5 million NOK, down from 7 million NOK the previous year, partly due to severance costs related to personnel reductions.
- The rollout of the order-picking solution with Sainsbury's has been slower than anticipated, leading to a temporary reduction in order volume commitments.
- The company faces challenges in maintaining profitability in the Nordic region due to decreased ESL revenue and reduced hardware sales.
Good morning, and welcome to this Q2 presentation by Strongpoint.
My name is Jakub Tuyravak, and I'm the CEO of Strongpoint.
With me to present the Q2 results, I have Marius De Revelin, our CFO.
In today's session, I will share highlights from our second quarter.
I'll provide a short overview of Strongpoint, in particular for the convenience of those less familiar with us.
And I will then move on to explain some of the exciting customer success stories from this quarter before handing over to Marius.
After Marius's review of our financials for Q2, I will round off this session with outlook and some concluding remarks.
First out, headlines.
We had a flat top-line development in our second quarter compared to same quarter last year.
In our second quarter, we experienced a 2% revenue decline.
Recurring revenue on a 12-month rolling basis was also down by 2%.
EBITDA reported was 5 million compared to 7 million NKR last year.
It should
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