Atea ASA (OSTO:ATEAo)

kr 145 0 (0%) Market Cap: 16.39 Bil Enterprise Value: 18.09 Bil PE Ratio: 29.01 PB Ratio: 3.63 GF Score: 63/100

Q4 2022 Atea ASA Earnings Call Transcript

Feb 09, 2023 / 07:00AM GMT

Release Date Price: kr114.8

Transcript

Steinar Sonsteby

Atea ASA - CEO

Good morning, and welcome to the Q4 and 2022 presentation of the Atea results. I am really happy to stand here and present these results in an extreme situation.

Revenue came in at NOK 14 billion, up almost 18%. Robert will take you through the breakdown, but I'm especially happy with the services development in this last quarter of 2022. The EBIT came in at NOK 449 million, up 11.5%. But if we adjust for the sale of the shares in the company eRate, which brought in NOK 32 million in Q4 2021, the growth in EBIT is more than 21%.

A fantastic cash flow, which we told you about after Q3, as we are bringing down inventory when supply chain issues have gone back to much lower levels, which leaves us with a healthy cash position as we leave another great year. So you would probably think we have brought down or eaten from our backlog, but that's not true. The backlog is still around NOK 5 billion, but healthy. As normally, I'll leave it to Robert to give you all the good news.

Robert Giori

Atea ASA - CFO

Thank you

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