STRO: third-quarter revenue up 14%, but margins squeezed by ESL and rollout delays
STRO reported third-quarter revenue up 14% to 364 MNOK and EBITDA of 18 MNOK, while gross margin slipped to 41% on ESL and rollout setbacks.
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what happened
According to TradingView, STRO's third-quarter revenue climbed 14% year on year to 364 million Norwegian kroner. EBITDA came in at 18 million kroner, but gross margin dropped to 41%.
The lower margin reflects lost revenue from the former ESL business and a Sainsbury's rollout that was pushed back, both of which weighed on recurring revenue. The company also won a US selection from Meijer, a significant step for its Order Picking business. Ongoing cost cuts are expected to support growth and profitability over the longer term.
why it matters
The key question for investors is whether margins recover once the effects of the ESL transition fade and delayed retail projects go live. The Meijer selection could become a meaningful growth driver, but the source gives no contract size or timing. The figures come from a TradingView summary generated with AI, so checking them against the company's own report is advisable.
tags
instruments
sources
- STRO: Revenue grew 14%; ESL headwinds and rollout delays weighed on margins and recurring revenue — TradingView, 28 October 2026 at 06:06 UTC
- STRO: Revenue grew 14%, but ESL losses and rollout delays tempered recurring revenue growth — TradingView, 28 October 2026 at 06:02 UTC
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