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

Q1 2023 Atea ASA Earnings Call Transcript

Apr 27, 2023 / 06:00AM GMT

Release Date Price: kr142.2 (+11.97%)

Transcript

Steinar Sonsteby

Atea ASA - CEO

Welcome to the Q1 presentation of Atea results here in beautiful Oslo. But before we go to the numbers, I want to give you a personal statement. This quarter is better than we could have dreamt of. It simply is best ever. But it also marks a change to an almost 20 years partnership between Ib and me. He has been my mentor, but also my biggest resistance. We've simply been a perfect match. And for that, I want to thank you, Ib.

As I know that you will still be active, an active force in Atea, I will keep your spirit of positive approach alive for many years to come. And now to the numbers, as said, best ever.

Net revenue came in at NOK 8.7 billion, up almost 26%, simply the best ever. EBIT at NOK 250 million and net profit at NOK 175 million. But maybe the strongest of them all, the operating cash flow, which is up almost NOK 900 million. As always, I'll leave it to Robert to give you all the good news.

Robert Giori

Atea ASA - CFO

Thank you, Steinar. Q1 2023 was an outstanding quarter for our company. Atea

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