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StrongPoint ASA: Third quarter 2016 result

Highlights third quarter

Operating revenue was MNOK 258.0 (288.9) - 10.7 per cent

* Positive development in Proprietary Technologies: 139,5 (120,9) + 15,4 per
* Decline in 3rd Party Technologies: 82.0 (129.4), where MNOK 46.4 was
related to a large ESL project in Norway in Q3 2015, which is now
* The sales value of Cash Management systems to ALIMERKA with a 5 year rent,
is equivalent to MNOK 8.5 in Q3 2016 and MNOK 26 year to date. These
systems are capitalized at cost in the Group and rented to the customer.

EBITDA was MNOK 36.2 (26.8) + 35.2 per cent

* EBITDA margin of 14.0 % (9.3 %)
* Good capacity utilization in the production at Cash Security
* Record in number of Cash Management Systems installed so far this year.
2,225 systems installed, of which 1,367 are outside Norway and Sweden, and
387 to ALIMERKA on 5 year rental agreement.

Good cash flow from operational activities with MNOK 23.8 (1.5)

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

StrongPoint ASA 3rd quarter 2016 presentation
StrongPoint ASA 3rd quarter result 2016


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
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

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