Atea reports financial results for Q2 2016
(Thomson Reuters ONE) -
Atea ASA /
Atea reports financial results for Q2 2016
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The issuer is solely responsible for the content of this announcement.
Atea, the leading supplier of IT infrastructure and system integration in the
Nordic and Baltic regions, reports strong growth in revenue and EBITDA in the
second quarter of 2015. Revenue grew across all three business areas and EBITDA
improved across all countries.
Atea reported revenue of NOK 8,442 million in Q2 2016, an increase of 23.4%
compared with last year. EBITDA before option expenses was NOK 215 million,
increasing 36.9% from NOK 157 million in the corresponding quarter last year.
"Atea had very strong growth in revenue and profitability in the second quarter
of 2016. EBITDA margin improved across all countries, as revenue grew faster
than operating costs", 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
About Atea
Atea is the leading supplier of IT infrastructure and system integration in the
Nordic and Baltic regions with 6,800 employees. Atea is present in 89 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 28 billion in 2015 and is listed on Oslo Stock Exchange.
www.atea.com
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Source: Atea ASA via GlobeNewswire
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Unternehmensinformation / Kurzprofil:
Datum: 14.07.2016 - 07:18 Uhr
Sprache: Deutsch
News-ID 483258
Anzahl Zeichen: 3330
contact information:
Town:
Oslo
Kategorie:
Business News
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