StrongPoint

Earnings Release • Oct 31, 2019

Correction: Strongpoint ASA: Third quarter financial results 2019

Correction: Strongpoint ASA: Third quarter financial results 2019

(Oslo, Norway, 31 October 2019) StrongPoint ASA (StrongPoint, OSE: STRONG)

reported revenues of NOK 237.3 million in the third quarter of 2019, up from NOK

233.2 million in the same quarter last year, and an EBITDA of 17.8 million

(15.2). StrongPoint's Retail Technology business area continued its strong

performance in the quarter, representing a solid platform for profitable growth

going forward.

"In the quarter, we continued our transition towards becoming a focused retail

technology company, providing retailers the in-store and e-commerce solutions

and services they need to improve their productivity and succeed in multi-

channel retailing. The strong performance in our Retail Technology business area

in the quarter underpins our position and the potential in our transition. We

aim to be the retailers' trusted partner, enabling shopping like never before,"

says Jacob Tveraabak, Chief Executive Officer of StrongPoint.

StrongPoint reported revenues of NOK 237.3 million (233.3) in the third quarter

of 2019 and an EBITDA of 17.8 million (15.2), in which IFRS 16 effects totaled

NOK 5.7 million. Reported operating profit was NOK 5.5 million, down from NOK

6.6 million in the corresponding quarter last year, while the cash flow from

operating activities ended at NOK 0.1 million (1.2).

"Our Retail Technology business area delivered revenue growth of 20 % in the

quarter, and the sale of our e-commerce solutions grew by close to 80 %. The

more volatile Cash Security business influenced the quarterly figures

negatively. Labels grew by 7 %. In total, this resulted in a somewhat flat

overall performance compared to the same period last year, both in terms of top

and bottom line," says Tveraabak.

The Retail Technology business area develops and markets technology solutions

that streamline store operations, enable e-commerce, and simplify and improve

the end-customers' shopping experience. StrongPoint delivers proprietary

solutions within in-store productivity, e-commerce, payment solutions and check

out efficiency, as well as tailor made retail solutions from leading third-party

suppliers.

"The overall market outlook for Retail Technology is promising. For StrongPoint,

the shift from offline to online retailing provides a double growth opportunity.

Both through supporting retailers, particularly incumbents, in establishing and

developing their e-commerce offering, and on the other hand, to support

retailers in improving their in-store productivity. Our Retail Technology

offering represents a solid platform for future growth," Tveraabak concludes.

The Board of Directors' report for the third quarter and the presentation

material is enclosed.

For additional information please contact:

Jacob Tveraabak

CEO, StrongPoint ASA

Phone +47 90 82 13 70

Hilde Horn Gilen

CFO, StrongPoint ASA

Phone +47 920 60 158

About StrongPoint | www.strongpoint.com

StrongPoint is driving productivity for European retailers by providing

innovative, integrated technology solutions for multi-channel retailing based on

long-standing relationships with customers and partners. StrongPoint offers

best-in-class service and consultancy expertise through its team of 520

employees in Norway, Sweden, the Baltics, France, Germany, Belgium, Spain and

Russia. StrongPoint is headquartered in Rælingen, Norway, and listed on the Oslo

Stock Exchange (ticker: STRONG).

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act