Atea reports financial results for Q2 2015
(Thomson Reuters ONE) -
Atea ASA /
Atea reports financial results for Q2 2015
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Atea, the leading supplier of IT infrastructure and system integration in the
Nordic and Baltic regions, reports strong growth in revenue in the second
quarter of 2015. Revenue was at record high levels for the second quarter of the
year, while operating profits was lower due to reduced profitability in the
Danish and Norwegian business units.
Atea reported revenue of NOK 6,842 million in Q2 2015, an increase of 14.4%
compared with last year. EBITDA before option and restructuring expenses
decreased by 11.2% to NOK 157 million, down from NOK 177 million in the
corresponding quarter last year.
"Atea had strong growth in revenue during the second quarter of 2015, but with
lower operating profits due to reduced profitability in the Danish and Norwegian
business units. We are taking steps to restore profitability in these business
areas", commented Steinar Sønsteby, CEO of Atea.
For the first half of 2015, Atea reported revenue of NOK 13.3 billion, up 12.4%
compared with last year. The Group's EBITDA before option and restructuring
expenses was NOK 359 million, up 0.5% from the corresponding first half of last
year, reflecting a strong performance in Q1 and a decline in Q2.
Atea expects continued growth in the IT infrastructure market, as organizations
invest in new IT solutions to enhance productivity. This adoption of new
technologies is creating greater complexity for IT departments, and driving
increased demand for specialist competence in IT infrastructure and system
integration. This trend strongly benefits Atea, as a system integrator with
expertise across multiple product platforms.
Based on its leading market position and competitive advantages as an IT
infrastructure and system integration specialist, Atea is becoming an ever more
important partner to customers across the Nordic and Baltic regions, and is
well-positioned to capture the long-term growth opportunities within the IT
infrastructure market.
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:
Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Giori, CFO Atea ASA, mobile (+47) 934 09 188
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originality of the information contained therein.
Source: Atea ASA via GlobeNewswire
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Unternehmensinformation / Kurzprofil:
Datum: 15.07.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 406879
Anzahl Zeichen: 3350
contact information:
Town:
Oslo
Kategorie:
Business News
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