Atea reports financial results for Q1 2016
(Thomson Reuters ONE) -
Atea ASA /
Atea reports financial results for Q1 2016
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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 across all three
business areas and growth in EBITDA in the first quarter of 2015.
Atea reported revenue of NOK 7,246 million in Q1 2016, an increase of 11.5%
compared with last year. EBITDA before option and restructuring expenses was NOK
209 million, up from NOK 202 million in the corresponding quarter last year.
"Atea had rapid growth in revenue during the first quarter of 2016, with
significantly improved sales across all three business areas. EBITDA also
increased from last year, based on higher revenue", commented Steinar Sønsteby,
CEO of Atea.
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
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
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Datum: 26.04.2016 - 07:10 Uhr
Sprache: Deutsch
News-ID 466299
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