Atea continues to gain market share and reports revenue growth of 6.1%.
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Atea ASA /
Atea continues to gain market share and reports revenue growth of 6.1%.
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Atea, the number one supplier of IT infrastructure products and services in the
Nordic and Baltic region, continued to gain market share in the first quarter of
2012 and reported revenue growth of 6.1%.
In the first quarter of 2012, Atea reported revenue of MNOK 4,819, corresponding
to a growth of 6.1% in constant currency from the first quarter of 2011.
Software revenue increased as much as 17.6% in constant currency from Q1 2011,
services revenue increased by 7.6% and hardware was up by 2.5%.
"The tougher market conditions which we saw in the second half of 2011, and in
Q4 in particular, have continued into 2012. I am therefore very pleased to see
that we continue to gain market share," says Claus Hougesen, CEO of Atea.
EBITDA in Q1 2012 ended at MNOK 162.7, up 1.0% from Q1 2011. The improvement in
results is driven by the growth in revenue.
In Q1 2012, Atea announced acquisition of two companies. UAB BMK in Lithuania,
which is specialized within the business areas of AV solutions and print/copy,
and Nworks A/S in Denmark, which is specialized in services within IT networks.
"Our customers are experiencing increased complexity within client management
and at the same time more and more customers see little added value in having
these resources in-house. Outsourcing of client management is therefore
currently a strong trend in the market. As Atea has local coverage in all Nordic
countries together with a first class low-cost service desk in Latvia, we have
signed several new long-term service contracts in Q1. We are able to improve the
service delivered to our customers' IT users and at the same time cut their
costs," says Claus Hougesen.
In November 2011, Atea announced the strategic plan "Together Towards The Top",
which sets the scene for the company's development in the next four years. The
target is to deliver revenue of NOK 30 billion and EBITDA of NOK 1.8 billion by
2015.
"Q1 2012 is the first quarter in our new strategic four year plan, and I am
satisfied to see that several new initiatives from the plan are starting to be
implemented. Furthermore, I am very pleased to see how our new plan has been
received by our employees and key vendors as well as customers," says Claus
Hougesen.
The quarterly report and presentation are available at www.atea.com/reports
The press conference is available through webcast at www.atea.com/webcast
The Stock Exchange Announcement is available at www.atea.com/ose
For further information, please contact:
Claus Hougesen, CEO Atea ASA, mobile + 45 3078 1200
Rune Falstad, CFO Atea ASA, mobile + 47 906 14 482
About Atea
Atea is the leading Nordic and Baltic supplier of IT infrastructure with
approximately 6,000 employees. Atea is present in 79 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 more than NOK 20 billion in 2011
and is listed on Oslo Stock Exchange. www.atea.com
Atea Q1 2012 report:
http://hugin.info/85/R/1606194/509030.pdf
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originality of the information contained therein.
Source: Atea ASA via Thomson Reuters ONE
[HUG#1606194]
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2012 - 08:13 Uhr
Sprache: Deutsch
News-ID 139459
Anzahl Zeichen: 4291
contact information:
Town:
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Kategorie:
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