Atea ASA (OSL:ATEA)

kr 143 -0.80 (-0.56%) Market Cap: 15.95 Bil Enterprise Value: 18.08 Bil PE Ratio: 21.09 PB Ratio: 3.98 GF Score: 80/100

Q4 2024 Atea ASA Earnings Call Transcript

Feb 6, 2025 / 07:00 AM GMT

Release Date Price: kr137 (-6.55%)

Transcript

Key Points

Positve

Atea ASA (ATAZF) reported a strong sales growth of 15% in Q4 2024, with revenue reaching NOK 16.5 billion.
Hardware sales increased significantly by 18.8%, and software sales grew by 16.0% from the previous year.
The company experienced a substantial cash flow from operations, amounting to NOK 2.2 billion, driven by higher cash earnings and reduced working capital.
Atea ASA (ATAZF) maintained a positive net cash balance of NOK 1.4 billion at year-end, indicating strong financial health.
The company is well-positioned for future growth, with expectations of high single-digit growth in 2025 and 2026, supported by key growth drivers such as AI, defense, and infrastructure upgrades.

Negative

Gross margin fell in Q4 due to a shift in customer mix and increased price competition.
Personnel costs and other operating expenses grew by 1.6%, although they were flat when adjusted for currency movements.
Atea ASA (ATAZF) incurred a one-time restructuring cost of NOK 39 million in Sweden, resulting in a workforce reduction of 75 employees.
Sales in Finland and the Baltics declined by 2.9% and 7% respectively, reflecting economic challenges in these regions.
The company's EBIT fell in Sweden and Denmark by 9.6% and 17.4% respectively, due to intense market competition and changes in sales composition.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ATEA.OL - Atea ASA
Q4 2024 Atea ASA Earnings Call
Feb 06, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the Q4 and full year 2024 presentation of at's results. This time from our beautiful headquarter outside Oslo in K five.

It's almost five years on the day where Corona hit the Nordics and Baltics.

The five years following has been unpredictable, not only for us, not only for our partners and customers, but of course, also for you following following the company from a financial point of view, it's probably not going to be smooth sailing in 2025 either for obvious reasons.

So luckily Atea has proven to be a safe haven, not only for investors but also for customers in unpredictable times.

So to Q4, the revenue came in at 16.5 billion norwegian Kroners, an amazing number growth of 15%.

The profit

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