StrongPoint: Commitment from Spain's largest grocery retailer - ABG

Spain's largest grocery retailer commits to StrongPoint
Large market potential - EUR 250m in spain alone
Much needed deal - earnings impact likely from H1'25


Spain's largest grocery retailer commits to StrongPoint

StrongPoint has today announced that Spain's largest retailer, Mercadona, has tested its new CashGuard system, CashGuard Connect, and it is fully operational in one of its stores. Mercadona has more than 1,660 supermarkets in Spain and Portugal. According to IR, Mercadona has committed to StrongPoint's solution, and is planning to implement it in more stores going forward. Note that revenues from Mercadona will be negligible in '24, and a larger part will come in H1'25, gradually ramping up throughout '26-'28.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/StrongPoint/Equity-research/2024/4/strongpoint---commitment-from-spains-largest-grocery-retailer/