Atea ASA : Atea reports financial results for Q3 2016
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Atea ASA /
Atea ASA : Atea reports financial results for Q3 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 and EBITDA in the
third quarter of 2016. Revenue grew across all three business areas and EBITDA
margin improved as revenue grew faster than operating expenses.
Atea reported revenue of NOK 6,403 million in Q3 2016, an increase of 7.5%
compared with last year. EBITDA before option expenses was NOK 244 million,
increasing 14.5% from NOK 214 million in the corresponding quarter last year.
"I am very pleased to see the solid growth in revenue and even stronger growth
in EBITDA, in line with our target of profitable growth, in the third quarter of
2016", 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 Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Atea ASA via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 19.10.2016 - 16:36 Uhr
Sprache: Deutsch
News-ID 501584
Anzahl Zeichen: 2689
contact information:
Town:
Oslo
Kategorie:
Business News
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