Q2 2026 Strongpoint ASA Earnings Call (Q&A Session) Transcript
Key Points
- StrongPoint ASA (STU:PGT) has made a significant breakthrough in the US market with a respected regional grocery retailer, Meijer, which is expected to enhance their e-commerce fulfillment capabilities.
- The company is achieving high gross margins of over 85% on its SaaS-based order picking solutions, indicating strong profitability potential.
- StrongPoint ASA (STU:PGT) has initiated a pilot phase for its CashGuard Connect solution, which is expected to generate material revenue starting next year.
- The company is seeing positive momentum in its order reserve, with new deals in AutoStore and ESL installations contributing to a strong start to the year.
- StrongPoint ASA (STU:PGT) is leveraging its shop fitting competence in the UK to support the upcoming Deposit Return Scheme, which aligns with their strategic capabilities.
- Revenue declined by 2% in Q2, with a similar decline in 12-month rolling recurring revenue, indicating challenges in maintaining growth.
- The rollout of StrongPoint ASA (STU:PGT)'s solution with Sainsbury's has been delayed, with the company currently operating in fewer stores than anticipated.
- Service revenues on e-commerce have fallen by 10 million NOC compared to the same quarter last year, partly due to reduced license revenue and temporary reductions in minimum order volumes with Sainsbury's.
- The company is facing challenges in replacing the recurring revenue base lost from a former partnership, with expectations that it will take many years to fully replace.
- StrongPoint ASA (STU:PGT) incurred approximately 4 million NOC in one-off costs related to severance pay, impacting their EBITDA for the quarter.
Good morning, everyone. Welcome to Strongpoint's second quarter Q&A audio call. As per usual, we have Jakob Drebak, CEO of Strongpoint, and Marius Drevlin, CFO of Strongpoint, to answer your questions.
Before we start, let me give you a quick recap of the highlights from this morning's Q2 presentation. Regarding revenue, it declined by 2% to 342 million NOC. 12 months rolling revenue recurring, 12 months rolling recurring revenue also declined by 2% and in the Q2, the EBITDA was at 5 million knock, but this also includes a 4 million knock one-off costs.
Before we start, a quick reminder that if you want to ask questions online, there should be a button on your screen in the lower right-hand corner. And many of you have already sent in questions in advance via the investor@strongpoint e-mail address. Please note, we actually have received a large number of questions, so we have deliberately tried to group them as much as possible.
Questions & Answers
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