StrongPoint ASA: Profit warning


StrongPoint expects the earnings in Q2 to be in line with, or slightly weaker than Q1 this year, when EBITDA ended at MNOK 10.7. The group has not gotten the seasonal increase in revenue that we normally have at this time of the year.

The quarter is characterized by fewer large projects compared with last year. Upgrades in connection with new banknotes in Norway have largely been finalised, and no significant orders have been received within Cash Security or ESL solutions.

The underlying trend is otherwise good, with continued good growth in sales outside the Nordic region. StrongPoint is experiencing strong interest in our solutions in both existing and new markets.
 
 
For further information, please contact:
Anders Nilsen
CFO, StrongPoint ASA
Phone +47 932 59 410
 
 
About StrongPoint:
StrongPoint's mission: Driving Retailers' productivity by providing innovative integrated Technology Solutions enabling store owners to perform to their full potential.
 
StrongPoint has its headquarter at Rælingen, and has approximately 570 employees in Norway, Sweden, The Baltics, France, Germany, Belgium, Spain, Russia and Malaysia. StrongPoint has the ticker "STRONG" on Oslo Stock Exchange.
 
For further information: www.strongpoint.com
 
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.