Atea ASA ( (ATAZF) ) just unveiled an announcement.
Atea ASA reported a record high operating profit for the first quarter, with significant sales growth across all geographies and business lines. The company experienced a 16.4% increase in gross sales, driven by hardware, software, and services sales growth. Despite a decline in margins due to a higher proportion of hardware sales, EBIT grew by 9.8% to NOK 281 million. Atea’s CEO noted the company’s strong market position in the Nordic and Baltic regions, emphasizing its role in supporting digital transformation initiatives for customers. The company’s financial stability is reflected in its improved net financial position compared to the previous year.
More about Atea ASA
Atea is the leading supplier of IT infrastructure in the Nordic and Baltic regions, operating in 88 cities with nearly 8,000 employees across Norway, Sweden, Denmark, Finland, Lithuania, Latvia, and Estonia. The company provides hardware and software from global vendors, along with consulting and technical services to support IT environment design, implementation, and operation. Atea reported a revenue of approximately NOK 35 billion in 2024 and is listed on the Oslo Stock Exchange.
YTD Price Performance: 9.31%
Average Trading Volume: 500
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.5B
Find detailed analytics on ATAZF stock on TipRanks’ Stock Analysis page.