Atea reported record high revenue and cash flow from operations in Q4 2018. EBIT was below last year due to lower profits in Denmark.
Financial highlights are as follows:
- Revenue: NOK 10.2 billion (NOK 10.0 billion)
- Gross profit: NOK 2.1 billion (NOK 2.1 billion)
- EBIT: NOK 309 million (NOK 392 million)
- Cash flow from operations: NOK 2.3 billion (NOK 1.8 billion)
For the full year 2018, revenue grew to NOK 34.7 billion, an increase of 7% from last year. EBIT fell to NOK 690 million from NOK 799 million last year. Outside of Denmark and a start-up investment in AppXite SIA, revenue grew by 11% and EBIT grew by 19% from last year.
“Atea had very strong growth in revenue and operating profit in all geographies outside of Denmark in 2018,” commented Atea CEO Steinar Sønsteby. “In Denmark, our business began to recover in the fourth quarter, with greatly improved sales to the public sector.”
The interim report and presentation are available at https://www.atea.com/investors/financial-reports/
The press conference is available via webcast at https://www.atea.com/investors/financial-reports/2018/webcast-q4-18/
The Stock Exchange Announcement is available at https://www.atea.com/about-atea/news/
For further information, please contact:
Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188
Atea is the leading supplier of IT infrastructure and system integration in the Nordic and Baltic regions with 7,400 employees. Atea is present in 87 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assists its customers with specialist competencies within IT infrastructure services. Atea had revenue of approximately NOK 35 billion in 2018 and is listed on Oslo Stock Exchange https://www.atea.com