Q3 2020 Atea ASA Earnings Presentation Transcript

Oct 21, 2020 / 06:00AM GMT
Presentation
Oct 21, 2020 / 06:00AM GMT

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Corporate Participants
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* Robert Giori
Atea ASA - CFO
* Steinar Sonsteby
Atea ASA - CEO

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Steinar Sonsteby - Atea ASA - CEO

Welcome. Welcome to the Q3 presentation of the Atea Group. Before I go to the numbers, when I listen to what some people say or read what they say, I get the impression that corona is a gift for Atea. So let me say, it is nothing good about corona, not for us, not for our customers and definitely not for all our friends around the world who have had problems from corona.

The market is challenging, and we cannot wait for everything to come back to normal. So to the numbers. As I said, it has been somewhat of a challenging environment. We see signs and anticipate that this will change to the positive in 2021.

In this quarter, revenue came in at NOK 8.2 billion. EBIT had an impressive NOK 215 million, a growth of almost 20%. And this -- in this quarter, Denmark returned to profit, which I can say

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