Q1 2026 Atea ASA Earnings Call Transcript
Key Points
- Gross sales grew by 11.5% to NOK 14.8 billion, with strong organic growth of 10.7% in constant currency.
- Net revenue increased by 12.9%, reaching NOK 9.7 billion, indicating robust business performance.
- EBIT rose significantly to NOK 476 million, up from NOK 281 million the previous year.
- Net profit more than doubled to NOK 389 million, showcasing strong profitability.
- Hardware sales surged by 18.9%, driven by high shipments of PCs and data center equipment.
- Gross margin decreased due to a lower proportion of services in the revenue mix.
- Operating expenses increased by 4.9% to NOK 2.5 billion, impacting overall profitability.
- Cash flow from operations was an outflow of NOK 447 million, although improved from last year's outflow.
- Atea anticipates a significant cash outflow in Q2 2026 due to pre-ordering inventory amid supply constraints.
- The geopolitical situation and AI developments pose ongoing challenges and uncertainties in the market.
Welcome to all of you around the world. Welcome to sunny Oslo, and welcome to the Q1 2026 numbers for Atea. Wow, what a quarter. This was not easy, but again, Atea and all its employees showed up and made a big difference. Letâs look at the main numbers. Gross sales grew by 11.5%, with a minimal of that coming from currency, giving us a revenue or gross sales of NOK 14.8 billion. Net revenue grew by 12.9%, and EBIT came in at NOK 476 million, up from NOK 281 million the year before. Net profit at NOK 389 million, up from NOK 162 million. Again, the best quarter in the history of the company. As always, Iâll leave it to Robert to take all the good news.
Thank you, Steinar. Atea reported high profit growth in the first quarter, driven by strong sales of hardware and software. Gross sales in Q1 were NOK14.8 billion, up 11.5% from last year. After adjusting for changes in currency rates, organic growth in constant currency was 10.7%. Hardware sales increased by 18
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