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 2023 Atea ASA Earnings Call Transcript

Oct 19, 2023 / 06:00AM GMT

Release Date Price: kr125 (-5.45%)

Transcript

Steinar Sonsteby

Atea ASA - CEO

Welcome to this presentation of the Q3 results for Atea. Here from a chilly Oslo where we're waiting for the first snow to arrive. I remind you that we will take Q&As at the end of the session.

The world is not easy, and it doesn't seem to get any better anytime soon. With that backdrop, we are really proud of the results of the Q3 quarter. The gross profit came in at NOK 2.3 billion, up 10%; the EBIT at almost NOK 300 million, up 5%; gross sales of almost NOK 11 billion, up more than 2%; and the net debt came in at NOK 171 million, down more than NOK 500 million. A solid quarter, which should be a quality sign in these times. Happy but not satisfied, I would say. But as always, I'll leave it to Robert to give you all the good news.

Robert Giori

Atea ASA - CFO

Thank you, Steinar. As Steinar mentioned, Atea increased its gross sales, gross profit and EBIT during the third quarter.

I'd now like to dive deeper into the sales and gross profit figures to analyze the underlying business trends. While we see

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