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

Q2 2023 Atea ASA Earnings Call Transcript

Jul 18, 2023 / 06:00AM GMT

Release Date Price: kr139.8 (-5.16%)

Transcript

Steinar Sonsteby

Atea ASA - CEO

Hi, and welcome to the Q2 presentation of the Atea Group numbers. We have no heat wave here in Oslo, but we have a beautiful summer day with the crisp air and the long summer nights, so something to look forward to.

I also want to remind you that we do take a Q&A in the end, so please put in your questions.

In this quarter, we delivered on all what we promised. A good growth, normalizing working capital and EBIT growth higher than the revenue.

So let's take a look at the numbers. Revenue -- net revenue, that is, came in at NOK 8.9 billion, a growth of more than 17%; EBIT of NOK 291 million, up 21%; operating cash flow of NOK 340 million, up more than NOK 900 million. And that leaves us with a net debt balance of almost 0, down NOK 1.1 billion. We look at this as a very, very solid and good quarter.

But as always, I'll leave it to Robert to give you all the good news.

Robert Giori

Atea ASA - CFO

Thank you, Steinar.

Q2 was another solid quarter of revenue and profit growth for

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