StrongPoint (STRO) Q4 2024 earnings summary

Executive summary

• Q4 2024 revenue grew 3% year-over-year, reaching up to 359 MNOK, mainly driven by 19% growth in Sweden, while Spain and the UK saw declines.

• Recurring revenue increased 15% to 358 MNOK, with license revenue up 60%, primarily from order picking and self-checkout solutions.

• EBITDA improved significantly, reaching up to 20 MNOK in Q4 2024, recovering from a loss in the prior year.

• Earnings per share for Q4 2024 was -0.05 NOK, a notable improvement from previous periods.

• Announced a multifaceted partnership with VusionGroup, integrating e-commerce platforms and expanding reseller opportunities.

Financial highlights

• Q4 2024 revenue reached up to 359 MNOK (+3% year-over-year); full-year 2024 revenue was 1,309 MNOK (-2%).

• Q4 2024 EBITDA was up to 20 MNOK, a turnaround from -20.6 MNOK in Q4 2023; full-year EBITDA was 2 MNOK, including restructuring costs.

• Net loss after tax in Q4 2024 was -2.1 MNOK; full-year net loss was -14.9 MNOK.

• Cash flow from operations was 77 MNOK in Q4 2024, 93 MNOK for the year.

• Net interest-bearing debt at year-end was 58–59.7 MNOK, down from 105–109 MNOK earlier in the year.

Segment performance

• Sweden delivered strong revenue growth (19%), while Spain and the UK experienced notable declines.

• Scandinavia's Q4 revenue rose 12% to 158 MNOK, with EBITDA up to 15.5 MNOK; Baltics & Finland saw growth from self-checkout rollouts.

• Shop fitting in the UK and Spanish operations remain areas needing improvement.

• Major self-checkout orders from Baltic retailers Rimi and IKI, demonstrating competitive strength.

• Traditional markets (Norway, Sweden, Baltics) are nearing targeted profitability levels.