StrongPoint (STRO) Q2 2026 (Q&A) earnings summary

Executive summary

• Q2 2026 revenue declined 2% year-over-year to 342 MNOK, with recurring revenue also down 2% to 372 MNOK, reflecting a sharp drop in Nordics and strong international growth.

• EBITDA for Q2 was 5 MNOK, including 4 MNOK in one-off severance costs and investments in the UK.

• Major contract wins included Coop Estonia for ESL deployment, Meijer in the US for Order Picking, and AutoStore projects in the UK and Norway.

• Cash flow from operations reached 49 MNOK, a significant increase from 20 MNOK in Q2 2025.

• Sainsbury's rollout was delayed, with a temporary reduction in committed volumes.

Financial highlights

• Q2 2026 revenue: 342 MNOK (down 2% year-over-year); recurring revenue: 372 MNOK (down 2%).

• Q2 EBITDA: 5 MNOK (1.4%–1.5% margin), including 4 MNOK in one-off costs.

• Cash flow from operations improved to 49 MNOK; disposable funds at quarter-end: 98 MNOK.

• Net interest-bearing debt reduced to 57 MNOK by Q2 2026.

• Gross margin stable at 43%.

Outlook and guidance

• Cost improvement initiatives underway to increase EBITDA, focusing on administration, IT, and productivity.

• Emphasis on successful implementation of signed e-commerce Order Picking agreements to drive recurring revenue.

• Long-term ambition is to achieve healthy revenue growth and an EBITDA margin above 10%.

• Fluctuations between quarters expected due to project delivery variations.

• Full effect of major Order Picking projects expected in the first half of 2027.