StrongPoint Q2 2025: Key Takeaways

Outlook-driven momentum and strategic wins in e-grocery

StrongPoint has quietly built momentum since our late May write-up, with the share price climbing nearly 20% from NOK 10.00 to NOK 11.95. That move reflects growing confidence in the company’s ability to scale its tech-led grocery retail platform – particularly the world-class order picking solution that CEO Jacob Tveraabak called his “favourite baby.”

Q2 delivered another vote of confidence. Revenue rose 18%, driven by strong growth in the UK (+45%), Sweden (+39%), and the Baltics (+24%). EBITDA turned positive at 7 MNOK, up from a loss of 9 MNOK last year, while recurring revenue continued its steady climb, up 16% YoY on a rolling 12-month basis.

But more important than the financials were the strategic wins. StrongPoint landed a major Carrefour Belgium contract for its order picking solution, secured a ~21 MNOK deal for AI-powered scales with a Nordic grocer, and deepened its long-standing relationship with Coop Estonia via a 130-unit self-checkout order. Meanwhile, long-term growth drivers like CashGuard Connect and the VusionGroup partnership continue to progress.

While the turnaround is taking longer than hoped, Q2 showed that StrongPoint is executing on the right levers – improving margin, building recurring revenue, and positioning itself as a trusted partner to leading grocers across Europe.

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Index

• Order Picking Gaining Global Traction

• Sainsbury’s Rollout on Track

• Self-Checkout Scaling in the Baltics

• AI-Powered Scales Win in the Nordics

• CashGuard Connect: Still in Pilot Phase

• VusionGroup Partnership Progressing

• Financials: Margins Recovering, Still Work to Do

• Long-Term Outlook and EBITDA Ambitions

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Order Picking Gaining Global Traction

StrongPoint continues to solidify its status as a top-tier supplier of order picking technology to grocers worldwide. The highlight of the quarter was the new contract with Carrefour Belgium, which has chosen StrongPoint’s solution for all scheduled e-commerce orders in the country.

“There are very few grocery brands as internationally recognised as Carrefour. This win reaffirms that our solution is scalable globally.” – CEO Jacob Tveraabak

In the Q&A session, Tveraabak added that StrongPoint is already delivering from New Zealand to Iceland, showing the company’s international capabilities. While he didn’t reveal upcoming customers, he expressed optimism:

“When two such giants as Sainsbury’s and Carrefour choose StrongPoint, others are bound to take notice.”

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Sainsbury’s Rollout on Track