Earnings call transcript: Bank of Ireland lifts 2026 guidance in Q3 2026
StrongPoint reported a 14% increase in Q3 2026 revenue to NOK 364 million, while EBITDA rose by 29% to NOK 18 million. The company also secured its first U.S. grocery customer, Meijer, and gained full control of CashGuard Connect. Despite these positive developments, the stock fell 8.47% to $5,400, well below its 52-week high of $8,900.
The revenue growth was driven by expansion in the Nordic region and international markets. EBITDA increased due to stronger operating profit, but operating cash flow was negative and net debt rose. While the company showed solid performance, recurring revenue fell by 4% year-over-year, mainly due to a decline in ESL partner revenue and temporary volume drop from Sainsbury’s Order Picking.
Investors focused more on cash flow, debt, and the lack of short-term guidance rather than the revenue and EBITDA gains.
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