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Atea ASA (ATAZF)
:ATAZF
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.15Last Year’s EPS
0.15Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -11.07%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a cautiously optimistic outlook, with notable growth in revenue and profit, particularly in Norway and the software segment. However, challenges persist in specific regions such as Sweden, Denmark, and Finland, along with declines in networking revenue. The company is taking measures like staff restructuring and initiating a share buyback program to maintain financial health.Company Guidance
During the Atea Q3 2024 earnings call, the company provided several key financial metrics and insights into its performance and future expectations. Revenue for the quarter reached NOK 8 billion, reflecting a 3.1% increase compared to the previous year. EBIT also grew by 3% to NOK 307 million, with net profit after tax rising by 5.7% to NOK 192 million. Total gross sales for the quarter were NOK 11.3 billion, a 5.4% increase from the previous year. Hardware revenue saw a modest growth of 3.3%, while software revenue surged by 12.3%. Services revenue increased by 1.4%. The company maintained a strong balance sheet, with a net debt-EBITDA ratio of 0.1x and a net debt of NOK 108 million. Atea also announced a share repurchase program for up to 650,000 shares, amounting to a maximum of NOK 120 million. Looking ahead, Atea expects to achieve revenue and EBIT growth for the full year 2024, supported by improved market conditions and strategic initiatives.Revenue and Profit Growth
Revenue increased by 3.1% to NOK 8 billion, and net profit grew by 5.7% to NOK 192 million compared to last year.
Strong Performance in Norway and the Baltics
Norway's EBIT increased by 28.5% to NOK 114 million, and the Baltics saw a 7.5% increase in EBIT.
Software Revenue Surge
Software revenue rose by 12.3% from last year due to strong demand for productivity applications, public cloud, and data center solutions.
Improved Cash Flow
Cash flow from operations was NOK 413 million better than last year, resulting in an inflow of NOK 112 million for Q3 2024.
Share Repurchase Program Initiated
A share buyback program of up to 650,000 shares with a maximum consideration of NOK 120 million has been approved.
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ATAZF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ATAZF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $13.10 | $12.22 | -6.72% |
| Oct 22, 2024 | $12.06 | $12.24 | +1.49% |
| Jul 12, 2024 | $13.58 | $12.77 | -5.96% |
| Apr 25, 2024 | $11.77 | $12.25 | +4.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Atea ASA (ATAZF) report earnings?
Atea ASA (ATAZF) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Atea ASA (ATAZF) earnings time?
Atea ASA (ATAZF) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ATAZF EPS forecast?
ATAZF EPS forecast for the fiscal quarter 2025 (Q1) is 0.15.
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