Norway's StrongPoint Q1 revenue flat, posts net loss

Strongpoint ASA

29/04/2026 06:28

Overview

Norway grocery retail tech firm's Q1 revenue was flat yr/yr at NOK 342 mln

EBITDA for Q1 was unchanged at NOK 10 mln

Company posted net loss of NOK 8 mln, citing loss of ESL partner in Nordic markets

Outlook

Company did not provide specific financial guidance for the current or upcoming periods

Result Drivers

UK AND SPAIN GROWTH - Strong topline growth in the UK, driven by a large AutoStore deal, and 13% growth in Spain contributed positively to results

NORDIC DECLINES - Revenue in Norway and Sweden declined due to loss of earlier revenue contributions from former Electronic Shelf Label partner

RECURRING REVENUE - Modest 3% growth in recurring revenue driven by increased service and support contracts following solution rollouts

Company press release: ID:nObiD7txJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
NOK 342 mln
Q1 Net Income
-NOK 8 mln
Q1 Adjusted Free Cash Flow
-NOK 9 mln
Q1 EBIT
-NOK 1 mln
Q1 EBITDA
NOK 10 mln


Analyst Coverage

Wall Street's median 12-month price target for Strongpoint ASA is NOK25.00, about 142.7% above its April 28 closing price of NOK10.30

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)