Atea ASA ( (ATAZF) ) has released its Q4 earnings. Here is a breakdown of the information Atea ASA presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Atea ASA is a leading provider of IT infrastructure and related services in the Nordic and Baltic regions, known for its significant market share and collaboration with major international technology companies. In its latest earnings report for Q4 2024, Atea ASA has showcased substantial growth in several key financial metrics, including a 14.9% increase in gross sales to NOK 16.5 billion and a 5.8% rise in pre-tax profit to NOK 329 million compared to the previous year. The company also reported strong operating cash flow and an improved net financial position. Atea’s hardware and software sales have seen significant growth, while service sales have also increased, contributing to the company’s overall revenue growth of 12.9% to NOK 10.6 billion. Despite a slight decline in gross margin due to price competition and changes in sales mix, Atea has maintained stable operating profit levels before restructuring costs. Looking forward, Atea expects continued growth in the IT infrastructure market, with an improving demand environment anticipated to support further sales and EBIT growth in the coming quarters. The company plans to maintain a stable workforce and leverage its competitive advantages to increase market share and profitability.
