StrongPoint ASA: First quarter 2016 result
Highlights first quarter
Operating revenue was MNOK 254.2 (242.5) + 4.8 per cent
EBITDA was MNOK 10.1 (15.2) - 33.7 per cent
Cash flow from operational activities was MNOK 13.6 (-19.5)
Breakthrough agreement internationally. "Cash management as a service" contract with Alimerka, based on an agreement for no less than five years per system. Alimerka plan to install more than 500 systems in 130 stores in 2016.
Contract with one of Europe's largest CIT companies to equip their entire fleet of vehicles in one of the countries they are represented, with security cases and intelligent accessories. Deliveries of 2 000 security cases will be done during Q2 and Q3 2016.
About StrongPoint:
StrongPoint's mission: Driving Retailers' productivity by providing innovative integrated technology solutions.
StrongPoint's vision: Becoming a recognized global provider of Retail Technology Solutions.
StrongPoint, which has approximately 570 employees, is organized into three business areas; Retail Solutions, Cash Security and Label Solutions. StrongPoint has the ticker "STRONG" on Oslo Stock Exchange. StrongPoint has its headquarter at Rælingen.
This information is subject to the disclosure requirements pursuant to section5-12 of the Norwegian Securities Trading Act.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: StrongPoint ASA via GlobeNewswire
