Atea ASA (OSL:ATEA)

kr 149.6 2.8 (1.91%) Market Cap: 16.70 Bil Enterprise Value: 18.40 Bil PE Ratio: 29.56 PB Ratio: 3.70 GF Score: 73/100

Q4 2023 Atea ASA Earnings Call Transcript

Feb 08, 2024 / 07:00AM GMT

Release Date Price: kr129.6 (-7.16%)

Transcript

Steinar Sonsteby

Atea ASA - CEO

Good morning, and welcome to the Q4 and 2023 presentation of the Atea results here from Norway, Oslo. Let's take a look at the overall numbers. The gross sales came in at NOK14.4 billion, up about 3.2%. The EBIT came in at NOK405 million, down a little more than 9%. And the free cash flow of NOK1.5 billion up from last year. A little slower on the gross sales than you and we expected due to some delivery problems in the end of Q4, but after all the second best quarter in the history of the company. And as always, I will leave it to Robert to take you through the details.

Robert Giori

Atea ASA - CFO

Thank you Steiner. I would say our reported lower financial results in the fourth quarter of 2023 compared with an exceptionally strong sales period last year. At the same time, Atea finished 2023 with record high revenue and EBIT for the full year and very strong cash flow from operations.

If we look at the last two years by quarter. Atea had a period of abnormally high sales growth from Q3 2022 to Q1 2023. When Atea's

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