Atea increases operating profit (EBIT) with 61.3%
(Thomson Reuters ONE) -
Atea ASA / Atea increases operating profit (EBIT) with 61.3% processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Atea, the number one supplier of IT infrastructure products and services in the
Nordic and Baltic region, today announced first quarter 2010 results with
revenue of MNOK 3,570.9, up 6.9% in constant currency compared to Q1 2009.
EBITDA ended at MNOK 119.7, up 31.3% versus last year and operating profit
(EBIT) was MNOK 76.1 which is up 61.3% compared to Q1 2009.
While total revenue in Q1 increased by 6.9% in constant currency, product
revenue increased as much as 9.6% and services revenue fell by 2.2%. Reduction
in services revenue reflects lower service activity in January/February and 80
less consultants.
The significant improvement in results is caused by revenue growth, improvement
in product margins, combined with continuous cost focus.
"In a market that, according to IDC, is expected to grow by 1.7% in 2010, Atea
continues to gain market shares. I am pleased to see that we report revenue
growth and in particular I am glad to see the increase in product revenue," says
Claus Hougesen, CEO in Atea.
Atea acquired in Q1 2010 four Office print/copy companies in Sweden and Palnet
Oy in Finland, a leading company within network and data security solutions. On
April 26, 2010 Atea acquired Impact Europe's subsidiaries in Sweden and Norway.
Impact Europe is a leading Tandberg videoconferencing reseller and AV solutions
provider.
Significant technology trends, such as Unified Communications, mobile
infrastructure solutions, Virtualization, Software Asset management, Device
Lifecycle Management, Windows 7, print/copy and Green It, areas of which Atea
has a strong foothold, will also be important growth areas.
With continuous high ambitions, the goal is to deliver further growth and profit
both organically and through acquisitions. The attacking approach continues.
Atea has the necessary financial strength and focus to play an important role in
the ongoing market consolidation.
The target is to achieve operating revenues of NOK 20 billion and EBITDA of NOK
1 billion in 2011 based on country targets in local currencies.
The quarterly report and presentation is 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 4600 employees. Atea is present in 72 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 has annual revenue of approximately NOK 15 billion
and is listed on Oslo Stock Exchange. www.atea.com
[HUG#1409784]
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Atea ASA
PB. 6472 Etterstad Oslo Norway
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Open Market (Freiverkehr) in Frankfurter Wertpapierbörse,
Freiverkehr in Bayerische Börse München;
Unternehmensinformation / Kurzprofil:
Datum: 29.04.2010 - 08:05 Uhr
Sprache: Deutsch
News-ID 19936
Anzahl Zeichen: 0
contact information:
Town:
Oslo
Kategorie:
Business News
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