StrongPoint

Business and Financial Review • Feb 13, 2023

Strategy Update Session, Fourth Quarter and Full Year Financial Results 2022

Strategy Update Session, Fourth Quarter and Full Year Financial Results 2022

13.2.2023 08:00:01 CET | StrongPoint | Half yearly financial reports and audit

reports / limited reviews

(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.

"Serving the grocery retail market with technology solutions in demand has never

been more rewarding. The grocery market is one of the most resilient and

non-cyclical markets there is. We achieved our strongest quarter ever in terms

of revenue. Delivering a turnover of 405 MNOK in Q4 is a great achievement for

the Group, with a very strong 43% growth vs. the same quarter last year. The

quarter is obviously positively impacted by the inclusion of Air Link Group

which contributed 101 MNOK in revenue. In addition, our topline grew 7%

organically," says Jacob Tveraabak, Chief Executive Officer of StrongPoint.

StrongPoint reported revenues of NOK 405 million (284) in the fourth quarter of

2022 and an EBITDA of 34 million (20). The fourth quarter EBIT was NOK 21

million and EBT was NOK 17 million. The net profit after tax ended at NOK 13

million in the quarter. Cash flow from operating activities was NOK 38 million.

"Whereas the acquisition of Air Link Group already impacts our financials

positively, I am equally excited about the opportunities that this company

represents going forward for StrongPoint in the UK and Ireland. The

opportunities are vast in the UK and Ireland for our proprietary solutions along

with partner solutions. I am very optimistic about the future of StrongPoint in

the UK and Irish markets. Having proven the financial viability of the Spanish

operations, our focus in Spain going forward is growing our presence to allow us

to serve a larger customer base and to reap the benefits of operations at

scale," Tveraabak continues.

In a company strategy update session following the presentation of the fourth

quarter 2022 financial results, StrongPoint will outline the progress already

made on its 2025 targets. It will outline how the company has been transformed

since the strategy was announced and implemented as well as how it is on track

to achieve its financial ambitions.

"Whilst the general uncertainty and turmoil in the overall market is

unprecedented, I am pleased that StrongPoint predominantly serves the stable and

resilient grocery retail segment. We continue to see that our solutions are

attracting attention from the leading grocery retailers in our target markets

reflecting our world-class proprietary and partner solutions. We continue to be

confident in achieving our 2025 strategic ambitions," Tveraabak concludes.

StrongPoint will host a streamed presentation of the fourth quarter results at

08:30 CET followed by the Strategy Update Session at 09:15 CET Monday 13

February 2023. A Q&A session will follow the Strategy Update Session and

questions can be submitted online during the presentation or via email at:

investor@strongpoint.com.

The webcast will be available atstrongpoint.com - http://strongpoint.comand can

also be accessed by the following links:

Q4 Presentation:

https://channel.royalcast.com/strongpoint/#!/strongpoint/20230213_1

Strategy Update Session:

https://channel.royalcast.com/strongpoint/#!/strongpoint/20230213_2

*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

fourth quarter 2022 financial report on page 26.

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

ABOUT STRONGPOINT

StrongPoint is a grocery retail technology company that provides solutions to

make shops smarter, shopping experiences better and online grocery shopping more

efficient. With over 500 employees in Norway, Sweden, the Baltics, Spain, the UK

and Ireland and together with a wide partner network, StrongPoint supports

grocery and retail businesses in more than 20 countries. StrongPoint provides

in-store cash management and payment solutions, electronic shelf labels,

self-checkouts, task and labor management software, click & collect

temperature-controlled grocery lockers, in-store and drive-thru grocery pickup

solutions and grocery order picking solutions, both manual and automated.

StrongPoint is headquartered in Norway and is listed on the Oslo Stock Exchange

with a revenue of approx 1.4bn NOK [ticker: STRO].

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847450/2100/2816/Download%20announcement

%20as%20PDF.pdf

StrongPoint Q4 2022.pdf -

https://kommunikasjon.ntb.no/ir-files/17847450/2100/2812/StrongPoint%20Q4%202022

.pdf

StrongPoint Q4 2022 print.pdf -

https://kommunikasjon.ntb.no/ir-files/17847450/2100/2813/StrongPoint%20Q4%202022

%20print.pdf

StrongPoint Q4 2022 presentation.pdf -

https://kommunikasjon.ntb.no/ir-files/17847450/2100/2814/StrongPoint%20Q4%202022

%20presentation.pdf

StrongPoint Strategy Update Session 13 February 2023.pdf -

https://kommunikasjon.ntb.no/ir-files/17847450/2100/2815/StrongPoint%20Strategy%

20Update%20Session%2013%20February%202023.pdf