StrongPoint ASA (DE:PGT) has released an update.
StrongPoint ASA experienced a challenging second quarter in 2024 with a decline in revenues to NOK 297 million and a negative EBITDA of NOK -9.1 million, attributed to lower product sales across business units and non-recurring restructuring costs. Despite the downturn, the company reported positive developments such as improved gross margin, increased service revenue, and a pilot installation of their new CashGuard Connect solution in Spain. Looking forward, CEO Jacob Tveraabak remains hopeful for the second half of the year, citing progress with major customer projects like Sainsbury’s Order Picking solution and the US sales of temperature-controlled grocery lockers.
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