Atea continues to gain market share and reports improved cash flow
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Atea ASA /
Atea continues to gain market share and reports improved cash flow
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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 and reports improved
cash flow in the second quarter of 2013.
In the second quarter of 2013, Atea reported revenue of NOK 5,501 million,
corresponding to a growth of 3.0% compared to the same period last year.
Software revenue increased 10.5%, services revenue increased 10.1% and hardware
was down 3.4%.
In the first half of 2013, Atea reported revenue of NOK 10,587 million
corresponding to a growth of 4.2%. In comparison to Atea's growth of 4.2% the
market declined 0.2% in the Nordics. This underlines that Atea continued to gain
market share in the first half of 2013.
EBITDA in the quarter ended at NOK 140 million down from NOK 154 million last
year. Cash flow from operations was NOK 158 million, up almost NOK 100 million
from the second quarter of 2012. In the first half of 2013 Atea reported an
EBITDA of NOK 281 million and cash flow from operations has improved almost NOK
300 million compared to the same period last year.
The financial turmoil in Europe continued to impact the Nordic IT infrastructure
market in the first half of 2013. The market has remained weak, and margins
have been under pressure. This is particularly the case in the hardware segment
where the demand for servers and PCs has declined. "I am pleased to see a
continued strong performance and double digit growth rates in the software and
services segments in the quarter. Tough market conditions in the hardware market
however had a negative effect on our EBITDA," says Claus Hougesen, CEO of Atea.
The interim report and presentation are available at www.atea.com/reports
The press conference is available via 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 6,500 employees. Atea is present in 82 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 21 billion in
2012 and is listed on Oslo Stock Exchange. www.atea.com
Atea Q2 2013 Interim Report:
http://hugin.info/85/R/1716067/570372.pdf
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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Atea ASA via Thomson Reuters ONE
[HUG#1716067]
Unternehmensinformation / Kurzprofil:
Datum: 12.07.2013 - 07:53 Uhr
Sprache: Deutsch
News-ID 277835
Anzahl Zeichen: 3633
contact information:
Town:
Oslo
Kategorie:
Business News
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