Italian grocery retailer Coop Alleanza purchases grocery lockers from StrongPoint
1.4.2022 14:02:43 CEST | StrongPoint | Additional regulated information required
to be disclosed under the laws of a member state(Oslo, April 1, 2022) StrongPoint, a leading provider of grocery retail
technology, has received an order for 10 temperature-controlled grocery lockers
from the Italian grocery retailer Coop Alleanza.This is the first purchase of grocery lockers from Coop Alleanza and sold via
our Italian partner, Infostornet. The lockers will be installed in 2022.“We are delighted that another grocery retailer recognises the quality and
efficiency savings of our world-class click and collect solution. StrongPoint’s
smart, self-service temperature-controlled grocery lockers ensure outstanding
and consistent customer experiences for the end customer. For retailers, they
provide substantial efficiency savings and a way to provide a click and collect
option to stores of any size in any location,” said Jacob Tveraabak, Chief
Executive Officer of StrongPoint.
StrongPoint: First quarter 2022 financial results
28.4.2022 07:00:00 CEST | StrongPoint | Half yearly financial reports and audit
reports / limited reviews(Oslo, 28 April 2022) StrongPoint ASA (StrongPoint, OSE: STRO) reported revenues
of NOK 301 million in the first quarter of 2022, up 21% compared to same quarter
in 2021 (249) and an EBITDA of NOK 12 million (14). The company delivered a
solid quarter for the retail technology business and reiterates the strong
outlook.“The demand for grocery retail technology and StrongPoint’s solutions continues
to be strong. The first quarter of 2022 shows that in-store productivity
solutions are in high demand and that only challenging component access holds
back even larger growth. Behind the scenes, our e-commerce offering is being
continuously improved with hardware and software improvements as well as
significant ramp-up investments in sales and marketing resources. Further in the
quarter, we have engaged intensively with Air Link Group in a due diligence
phase, as part of the announced intention to acquire the company, paving the way
for a StrongPoint presence into the UK and Ireland. StrongPoint is delivering
its best quarter ever as a Retail Technology focused company,” says Jacob
Tveraabak, Chief Executive Officer of StrongPoint.StrongPoint reported revenues of NOK 300.7 million (249.3) in the first quarter
of 2022 and an EBITDA* of 11.5 million (13.6). The first quarter EBIT was NOK
4.8 million (7.5) and the net profit after tax ended at NOK 3.2 million in the
quarter (8.3). Cash flow from operating activities was NOK 11.9 million.“In the quarter we welcomed two new members to StrongPoint’s Executive
Management Team, Chris Mackie and Magnus Rosèn. Chris is now leading our
E-commerce sales efforts and brings a wealth of experience in the area. Magnus
now leads our Swedish operations as well as our E-commerce product development,”
Tveraabak continues.In a strategy update session held in February 2022, StrongPoint reiterated the
ambition of NOK 2.5 billion in revenues and EBITDA margins of 13-15 % in 2025.“Having commented on our Spanish operations throughout last year as we have
undergone a significant turnaround of our operations in the country, I am
pleased to announce a topline growth rate of more than 50% with a close-to
break-even result in the first quarter of 2022. The future remains bright and
promising, and I am confident about our success in the future. As more and more
grocery retailers discover our solutions, I believe we can be optimistic in
achieving our 2025 strategic ambitions,” Tveraabak concludes.StrongPoint will host a streamed management presentation at 08:15 CET Thursday
28 April 2022. The webcast will be available at strongpoint.com -
http://strongpoint.com and can also be accessed by the following link:
https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20220428_5The presentation of the first quarter 2022 financial result and the Board of
Director’s report are enclosed.*EBITDA and other alternative performance measures (APMs) are defined and
reconciled to the IFRS financial statements as a part of the APM section of the
first quarter 2022 financial report on page 25.
Interspar Austria scales click and collect with StrongPoint grocery lockers
20.5.2022 12:30:01 CEST | StrongPoint | Additional regulated information
required to be disclosed under the laws of a member state(Oslo, May 20, 2022) StrongPoint, a leading grocery retail technology provider,
is proud to announce that Interspar Austria has purchased an additional 10
grocery locker installations to scale its grocery e-commerce click and collect
offer.This order is for 9 stationary and 1 mobile grocery locker. The mobile locker
will be used by Interspar Austria to test demand in additional store locations
as well as to provide innovative click and collect solutions at events such as
festivals and concerts.Interspar Austria has been a long-standing StrongPoint customer and has been
using StrongPoint grocery lockers for several years. This year StrongPoint
became a preferred supplier for Interspar Austria and SPAR International for
grocery e-commerce technologies and in-store cash management solutions.“This is fantastic news as it demonstrates that our grocery e-commerce solutions
are being chosen by world-class grocery retailers. We are proud that Interspar
Austria is scaling up their click and collect grocery locker solutions with
StrongPoint and look forward to the results from the mobile locker to test new
locations,” said Jacob Tveraabak, StrongPoint CEO.The grocery lockers will be deployed in phases over 2022 and 2023 with the first
installations expected this July.
https://newsweb.oslobors.no/message/562855
StrongPoint acquires Air Link Group Limited
20.5.2022 12:03:59 CEST | StrongPoint | Additional regulated information
required to be disclosed under the laws of a member state(Oslo, 20 May 2022) StrongPoint ASA (StrongPoint, ticker: STRO) today announces
the signing of the final share purchase agreement (SPA) to acquire 100% of the
shares in Air Link Group Limited (Air Link) with its subsidiaries.Reference is made to the announcement on 14 February 2022 regarding the
exclusive, non-binding term sheet to acquire 100% of the shares in Air Link. The
SPA has been finalised on the same terms as indicated in the term sheet.The agreement implies the acquisition of the companies Air Link Services Ltd,
Air Link Systems Ltd, ALS Retail Services Ltd (Ireland) and Encore (Bulgaria),
ALS’s business processing centre; all to be registered as subsidiaries of Air
Link Group Ltd before closing. StrongPoint will announce the closing after the
legal registration have been approved by local authorities. Estimated time of
closing is end of the second quarter of 2022.The estimated purchase price is approx. GBP 9.5 million and will be settled with
80% cash and 20% consideration shares in StrongPoint. StrongPoint has free cash
available to settle the full amount of the cash portion of the purchase price
and the completion of the transaction is therefore not subject to any financing
conditions. The consideration shares will be funded by a combination of 500,000
treasury shares held by StrongPoint, plus issuance of new shares to meet the
total number of consideration shares. There will be a 24-month lock-up period on
the consideration shares.Air Link is a retail solutions company that operates in the UK and Ireland
focusing on serving some of the leading grocery retail companies like Tesco,
Sainsbury’s, and Asda. It delivers, among others, construction services, grocery
lockers, self-checkouts, vending systems and queue management systems to grocery
retailers. The revenue for the group of companies was approx. GBP 24 million
with a 10% EBITDA margin in 2021.
StrongPoint: Second quarter and first half 2022 financial results
13.7.2022 07:00:01 CEST | StrongPoint | Half yearly financial reports and audit
reports / limited reviews(Oslo, 13 July 2022) StrongPoint ASA (StrongPoint, OSE: STRO) reported revenues
of NOK 321 million in the second quarter of 2022, 28% growth compared to same
quarter in 2021 (252) and an EBITDA of NOK 10 million (12). The company
reiterates its 2025 ambition of NOK 2.5 bn and 13-15% EBITDA margin.“Serving the resilient grocery retail market is a grateful mission in today’s
turbulent times. In times of uncertainty, few things are as certain as the need
for people to purchase their groceries cost effective and efficiently. That is
good news for StrongPoint. In the second quarter of 2022 StrongPoint grew its
topline with a strong 28% vs. same quarter last year,” says Jacob Tveraabak,
Chief Executive Officer of StrongPoint.StrongPoint reported revenues of NOK 320.8 million (251.5) in the second quarter
of 2022 and an EBITDA* of 9.8 million (12.0). The second quarter EBIT was NOK
1.4 million (5.9) and the net profit after tax ended at NOK 5.3 million in the
quarter (6.4). Cash flow from operating activities was NOK minus 37.3 million.
Included in the figures was one month of revenue and profit for the newly
acquired Air Link Group Ltd in UK & Ireland, of which further financial
information is presented in note 5 in the second quarter and half year 2022
report.“Whereas the overall grocery e-commerce market has seen a post-Covid dip, the
growth is still far higher than had been previously anticipated. Historically
grocery e-commerce has been a laggard in e-commerce penetration, but the last
two years has proven that it here to stay and will continue to grow. In the
second quarter, we achieved NOK 32 million e-commerce sales, or 10% of total
revenues. Also, in the quarter we announced several e-commerce contracts,
including our first AutoStore contract. The opportunities for StrongPoint in
delivering a complete solution for e-commerce fulfilment to its customers,
including an automation solution with AutoStore, are great,” Tveraabak
continues.“At the end of the quarter, we completed the closing of the Air Link Group
transaction. The acquisition provides StrongPoint with a unique platform in the
UK and Ireland. I am pleased that StrongPoint operates in the retail technology
market with a focus on the resilient grocery retail market. We are demonstrating
very solid growth, we have very healthy margins in the mature in-store solutions
market and we invest deliberately in the next growth trajectory with e-commerce.
I continue to be optimistic about achieving our 2025 strategic ambitions,”
Tveraabak concludes.StrongPoint will host a streamed presentation at 08.15 CET Wednesday 13 July
2022. The webcast will be available at strongpoint.com - http://strongpoint.com
and can also be accessed by the following link:
https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20220712_6*EBITDA and other alternative performance measures (APMs) are defined and
reconciled to the IFRS financial statements as a part of the APM section of the
second quarter 2022 financial report on page 26.
https://newsweb.oslobors.no/message/566896
StrongPoint ASA: Mandatory notification of trade
13.7.2022 13:31:07 CEST | StrongPoint | Mandatory notification of trade primary
insidersGisle Elvebakken, SVP Norway, has today acquired 7,500 shares to an average
price of NOK 18.4195. New holding is 39,329 shares, 0.1% of the outstanding
shares.This is a part of the share program for the executive management, where the
executive gets 20% discount when buying shares in the company. The shares were
purchased through Oslo Stock Exchange.Please see the attached form(s) for notification and public disclosure of
transactions.This information is subject to disclosure requirements set out in the Market
Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act
Section 5-12.
StrongPoint ASA: StrongPoint signs 1.7 MGBP contract with leading UK grocery retailer
17.8.2022 09:52:26 CEST | StrongPoint | Additional regulated information
required to be disclosed under the laws of a member state(Oslo, August 17, 2022) StrongPoint, a grocery technology provider, has received
an order from a leading UK-based grocery retailer for a checkout conversion
solution. The value of the contract is approximately 1.7 MGBP. The project is
led by ALS StrongPoint, StrongPoint’s UK business unit.The checkout conversion solution allows a staffed checkout to be also used by
customers as if it was a self-service checkout. This helps stores leverage
existing assets and gives them greater flexibility in how they serve their
customers. The unique solution was designed and developed by ALS StrongPoint in
close collaboration with the customer over the last 2.5 years.“We are proud to continue to serve one of the top UK retailers. StrongPoint has
a proud reputation of listening to grocery retailers and developing cutting edge
innovative solutions tailor made to solve their problems and create better
customer experiences. That this is a unique solution designed by our newly
acquired UK division is a testament to their amazing fit into the StrongPoint
family,” said Jacob Tveraabak, StrongPoint CEO.The installation will be rolled out over two phases. One third will be delivered
and installed before end Q4 2022 and two thirds will be delivered and installed
in Q1 2023. The scope of the project is expected to increase following the
successful completion of the contract as the customer decides to roll-out the
solution to more of its stores.
StrongPoint ASA: StrongPoint awarded 1.6 MGBP contract with top-tier UK grocery retailer
2022-08-18 08:10:48
18.8.2022 08:10:47 CEST | StrongPoint | Additional regulated information
required to be disclosed under the laws of a member state(Oslo, August 18, 2022) StrongPoint, a grocery technology provider, has been
awarded an allocation of a self-service checkout upgrade project for a top-tier
UK based grocery retailer. The value of the contract is approximately 1.6 MGBP.
The project is led by ALS StrongPoint, StrongPoint’s UK business unit.The contract follows a multi-year project that ALS StrongPoint has been
undertaking for the same customer. The new contract was awarded based on ALS
StrongPoint’s past performance.“This contract is a testament to the continued and historic work ALS StrongPoint
has with this top-tier UK grocery retailer. We are proud that one of the largest
grocery retailers in the UK has continued confidence in our ability to continue
to provide world-leading customer service,” said Jacob Tveraabak, StrongPoint
CEO.The project will start during Q3 2022 and is expected to be completed by Q1
https://newsweb.oslobors.no/message/568933
StrongPoint ASA: Initiates share buyback program
2022-08-18 08:51:28
18.8.2022 08:51:28 CEST | StrongPoint | Acquisition or disposal of the issuer’s own shares
StrongPoint ASA (“Company”) (Ticker: STRO) has decided to initiate a share buyback program. The program will be limited in size up to NOK 10 million. The buyback program will be conducted in accordance with the authorization provided by the Annual General Meeting to the Board of Directors on 28 April 2022.
The shares in the program will be purchased through ordinary market trades on the Oslo Stock Exchange. The program will be initiated on 18 August 2022 and terminated on 31 December 2022 at the latest.
The shares purchased under this program will be used in connection with the Company’s share program for employees, the Board of Directors and the incentive programs for executive management and key employees.
This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12.
StrongPoint chosen to install world’s first AutoStore solution with an automated frozen food zone
24.10.2022 08:00:00 CEST | StrongPoint | Additional regulated information
required to be disclosed under the laws of a member state(Oslo, 24 October 2022) StrongPoint (ticker: STRO), a leading grocery retail
technology provider, has been chosen to design and install the world’s first
AutoStore solution purpose built for food management with three temperature
zones: ambient, chilled and now, frozen. StrongPoint is AutoStore’s first and
only grocery-focused distribution partner.AutoStore, the robot technology company that invented, and continues to pioneer,
Cube Storage Automation, has recently developed a unique solution to automate
the storage and retrieval of frozen items. Previously, AutoStore’s solutions
have only covered two temperature zones, chilled and ambient. Most grocery
retailers have been using manual picking for frozen items when automating their
e-grocery fulfilment services, an essential product segment for grocery
retailers.StrongPoint will design and install the AutoStore solution for the Norwegian
food distribution company, DLVRY, in a facility based in Sveio, Norway. The
project is worth approximately EUR 2.5 million and installation is set to start
in Q1 2023.“Managing grocery retail supply chains comes with unique challenges and demands
specialized knowledge. The multi-temperature grid is one of our latest
innovations, and we are excited to share this technology with our partners and
customers. Our goal is to expand further within the grocery retail space,” says
AutoStore CEO, Karl Johan Lier.“This is a proud day for StrongPoint as we have the honour to design and install
the world’s first truly fully integrated food based AutoStore-system that can
handle all three temperature zones needed for grocery retail. We look forward to
leveraging our 35+ years’ collective experience to create a solution that is
purpose-built for food distribution at the highest possible levels of
efficiency,” says StrongPoint CEO, Jacob Tveraabak.
StrongPoint: Third quarter 2022 financial results
26.10.2022 07:00:01 CEST | StrongPoint | Half yearly financial reports and audit
reports / limited reviews(Oslo, 26 October 2022) StrongPoint ASA (StrongPoint, OSE: STRO) reported
revenues of NOK 346 million in the third quarter of 2022, 76% growth compared to
same quarter in 2021 (196) and an EBITDA of NOK 21 million (8). The company
reiterates its 2025 revenue ambition of NOK 2.5 billion and a 13-15% EBITDA
margin.“In difficult economic times, people will always shop for groceries which is why
serving the resilient and non-cyclical grocery market is as close to certainty
as possible. This is evident for StrongPoint, and it is evident in the third
quarter financial results: a very strong 76% topline growth, of which 20% was
organic. Almost 2.5 times EBITDA improvement and EBIT increased 7-fold,” says
Jacob Tveraabak, Chief Executive Officer of StrongPoint.StrongPoint reported revenues of NOK 345.9 million (196.4) in the third quarter
of 2022 and an EBITDA* of NOK 20.7 million (8.0). The third quarter EBIT was NOK
10.2 million (1.4) and the net profit after tax ended at NOK 8.0 million in the
quarter (-0.3). Cash flow from operating activities was NOK 4 million.“Delivering a turnover of NOK 346 million in the third quarter is a great
achievement. The absence of component shortages would have generated an
additional NOK 15 million revenue in the quarter and foreign exchange had a
negative NOK 9 million impact on sales. The third quarter is obviously
positively impacted by the inclusion of recently acquired Air Link Group with
NOK 110 million in revenue. However, organically StrongPoint grew its topline a
very healthy 20% driven by in-store efficiency solutions,” Tveraabak continues.“We strongly believe in bringing StrongPoint’s own, proprietary products and
solutions, as well as key partner solutions, to these new markets. I continue to
be optimistic about achieving our 2025 strategic ambitions,” Tveraabak
concludes.
StrongPoint becomes AutoStore Distributor in UK and Ireland
1.11.2022 15:07:43 CET | StrongPoint | Additional regulated information required
to be disclosed under the laws of a member state(Oslo, 1 November 2022) StrongPoint ASA (ticker: STRONG) a leader in grocery
retail technology, announces it has signed a partnership agreement to become a
regional distributor in the UK and Ireland of AutoStore’s cube storage
automation.StrongPoint is already a regional distributor of AutoStore in the Nordics and
Baltic markets and their first grocery-focused partner. In October 2022
StrongPoint was chosen to design and install the world’s firstAutoStore -
https://www.autostoresystem.com/solution purpose built for food management with
three temperature zones: ambient, chilled and frozen.“We are extremely proud that we have been able to expand our AutoStore
partnership with the UK and Ireland. StrongPoint has a well proven relationship
for outstanding customer service, and we look forward to talking to more
retailers about the benefits of AutoStore’s world-class cube storage solutions
for grocery e-commerce,” said StrongPoint CEO Jacob Tveraabak.“AutoStore is currently expanding the distribution reach of three partners
within our network. We are delighted to advance our partnership with StrongPoint
to also cover the UK and Ireland, especially because grocery is one of our key
priorities going forward,” said Chief Sales Officer at AutoStore, Helge Olsen.
Forstår ikke helt hvorfor den står på stedet hvil etter den fine rapporten.
StrongPoint and Pricer deepen and broaden strategic partnership
15.11.2022 08:00:00 CET | StrongPoint | Non-regulatory press releases
(Oslo, 15 November 2022) StrongPoint ASA (ticker: STRO), a leading grocery retail technology provider, deepens and broadens its strategic partnership with Pricer AB. StrongPoint has been a reseller and installation provider of Pricer’s Electronic Shelf Labels (ESLs) for more than 20 years.
The new agreement broadens StrongPoint’s geographical scope to the UK, Ireland, expands the current agreement in Spain and re-affirms StrongPoint’s distribution rights in Norway, Sweden and the Baltics.
“We are proud to broaden and deepen our relationship with Pricer and look forward to bringing their world-class technology to more grocery retailers. Inflationary pressures and increased costs have only further increased the need for efficiency-saving technologies. StrongPoint has a long history with Pricer and has supplied many of the leading grocery retailers in Scandinavia with their world-class solutions. We now have the opportunity to bring their amazing products to many more retailers and consumers in even more parts of Europe,” said Jacob Tveraabak, StrongPoint CEO.
“StrongPoint’s outstanding reputation in the existing markets where they already work with leading grocery retailers in Sweden, Norway and the Baltics made them the obvious choice to expand our sales opportunity in Europe. We look forward to continuing and deepening our relationship with StrongPoint," said Magnus Larsson, acting CEO, Pricer.
Gledelig nyhet!
Med enda tettere bånd til Pricer og utvidelse av samarbeid begynner Strong å bli godt rustet - etter flere gode nyheter den siste tiden - til å nå sitt 2025 mål som er 2,5 BNOK i omsetning og 13-15% EBITDA . Dagens MCAP er 950 MNOK.
StrongPoint receives order from US partner for 20 grocery lockers for a leading US grocery retailer
6.12.2022 08:46:43 CET | StrongPoint | Additional regulated information required
to be disclosed under the laws of a member state(Oslo, 6 December 2022) StrongPoint ASA (Ticker: STRO) a grocery technology
provider, has received an order from their US value added reseller partner Peak
Technologies for for 20 temperature-controlled grocery lockers for a top tier
leading US-based grocery retailer.The order follows a pilot phase where the US grocery retailer tested
StrongPoint’s grocery lockers.“We are extremely proud that a world-renowned grocery retailer has decided to
roll-out grocery lockers and recognised that StrongPoint’s solution is the best
on offer world-wide. This is also a great example of how we can extend our
geographical reach to the USA via our esteemed partner, Peak Technologies.
Grocery lockers are the most profitable way of managing click and collect
e-groceries at scale as it can take under 1 minute to load or pickup an order,
an efficiency win-win for both end customers and grocery retailers,” said Jacob
Tveraabak, StrongPoint CEO.“We decided to partner with StrongPoint as we have long recognised the
outstanding quality of their solutions. Coming from Scandinavia where in-store
labour costs are some of the highest in the world, StrongPoint understands that
every second counts in the world of grocery e-commerce. We look forward to
continuing our partnership as e-commerce locker pickup gains momentum in North
America,” said Anthony Rivers, President and CEO at Peak Technologies, Inc.
Enda en ordre til STRONG. Denne fikk kursen til å sprette opp 10% på rød børs:
StrongPoint receives order for 250 CashGuard units from Bullion IT
6.12.2022 15:40:01 CET | StrongPoint | Additional regulated information required
to be disclosed under the laws of a member state
(Oslo, 6 December) Bullion IT, StrongPoint’s partner in South Africa, has
ordered 250 CashGuard units from StrongPoint, expected to be delivered by the
end of Q2 2023. The end customer is one of the largest banks in South Africa.
The solution, similar to previous deliveries to Bullion IT, includes the
purpose-built integration between ‘Retail Suite’ software and a bank’s back-end
system to provide improved cash prediction, delivery and pickup.
“After multiple orders in the past, Bullion IT continues to purchase and resell
more of our CashGuard solutions. We are proud to continue to support them and
help provide safer, easier and more secure shopping and retail experiences to
people in South Africa. This is another example of the spill over opportunities
for StrongPoint’s retail technology solutions outside our normal grocery focus,”
says Jacob Tveraabak, CEO of StrongPoint.
DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
CONTACTS
- Hilde Horn Gilen, CFO StrongPoint ASA, +47 920 60 158,
hilde.gilen@strongpoint.com
Veldig bra Q4! 2025 guiding opprettholdes. Utbytte 0.90 NOK.
“(Oslo, 13 February 2023) StrongPoint ASA reported revenues of NOK 405 million in
the fourth quarter of 2022, NOK 121 million higher than same quarter in 2021
(284). The EBITDA increased by NOK 14 million to NOK 34 million (20).
StrongPoint today reconfirms the financial ambition of NOK 2.5 billion in
revenues and EBITDA margins of 13-15 % in 2025.”
Cash flow from operations was 38.1 MNOK (7.0). Heftig rapport!
“Our DCF points to a price range of NOK 36-96, with mid-assumption output NOK 56/share”
StrongPoint ASA: StrongPoint awarded contract worth up to 3 MGBP with top-tier UK grocery retailer
2023-03-14 08:19:35
14.3.2023 08:19:34 CET | StrongPoint | Additional regulated information required to be disclosed under the laws of a member state
(Oslo, March 14, 2023) StrongPoint, a grocery technology provider, has been awarded a further allocation of a self-service checkout upgrade project for a top-tier UK based grocery retailer. The value of the contract is worth up to 3 MGBP.
The project is led by ALS StrongPoint, StrongPoint’s UK business unit. The contract follows a multi-year project that ALS StrongPoint has been undertaking for the same customer. The new contract was awarded based on ALS StrongPoint’s performance on the previous contract as well as past performance for the customer.
"We have again proven to a tier-1 grocery retailer our outstanding professionalism and customer service on this on-going project and continue to be proud of our UK team. This contract is also an example of the willingness and ability of grocery retailers to continue to invest in solutions even in times of economic difficulties,” said Jacob Tveraabak, StrongPoint CEO.
The project will start during Q2 2023 and is expected to be completed in Q4 2023.