StrongPoint ASA ( (DE:PGT) ) has issued an update.
StrongPoint ASA reported a challenging financial year in 2024 but showed improvement in the latter half, particularly in the fourth quarter with revenues rising to NOK 340 million. Despite difficulties in Spain and the UK, the company saw growth in Scandinavia and aims to build on its customer relationships in the UK, leveraging a recent win with Sainsbury’s. StrongPoint remains optimistic about future growth due to positive trends, sustained interest in its diverse solutions, and ongoing customer trust.
More about StrongPoint ASA
StrongPoint is a grocery retail technology company providing solutions to enhance store efficiency, improve shopping experiences, and streamline online grocery shopping. With around 500 employees across several European countries, StrongPoint supports grocery and retail businesses in over 20 countries through end-to-end e-commerce solutions and in-store technologies. Their offerings include in-store order picking, automated fulfillment, and various in-store technologies like electronic shelf labels and AI-powered self-checkouts. StrongPoint is headquartered in Norway and listed on the Oslo Stock Exchange.
YTD Price Performance: 0.88%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €40.63M
For an in-depth examination of PGT stock, go to TipRanks’ Stock Analysis page.