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

Q3 2022 Atea ASA Earnings Call Transcript

Oct 20, 2022 / 06:00AM GMT

Release Date Price: kr104.6 (+2.55%)

Transcript

Steinar Sonsteby

Atea ASA - CEO

Hi, and welcome to this presentation of the Q3 numbers for Atea. It is very dynamic times, you can say. And this quarter really proves that in the Nordics and in the IT business in general. We've never had such a rapid growth, and I'll get back to some of the numbers in a second. But before I do so, I just want to remind all of you online that you can already now start sending in questions. We will take them all in the end.

As mentioned, rapid growth on revenue in all the business lines. Hardware grew the most, but services also grew more than 10%. This adds up to NOK 10.4 billion in revenue, up 27% in constant currency or 22.5% as it says here. The EBIT came in at NOK 284 million. It's a growth in constant currency of more than 12%. And the cash flow, as we said after both Q1 and Q2, would improve as we are working down inventory, and I'll get back to the supply chain and inventory a little later. This gives us a very, very good position in the market, both from a market share point of view, but also from a financial position.

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