Q1 2025 Atea ASA Earnings Call Transcript
Key Points
- Atea ASA (ATAZF) reported record-breaking gross sales of NOK13.3 billion in Q1, marking a 16.4% increase from the previous year.
- The company achieved a 10% increase in EBIT, reaching NOK281 million, the best Q1 performance in its history.
- Software sales grew by 21.4%, driven by strong demand from both public and private sectors.
- Atea ASA (ATAZF) experienced a significant improvement in its net financial position, which is almost NOK400 million better than last year.
- The company is taking market share, with a growth rate of over 16% in Q1, surpassing the average market growth.
- Gross margin decreased due to a shift in revenue mix towards hardware and third-party services.
- Operating expenses increased by 4.4% to NOK2.4 billion, partly due to higher variable compensation and SGNA costs.
- Atea ASA (ATAZF) experienced a cash outflow of NOK881 million in Q1, consistent with normal seasonal trends but still a negative cash flow.
- Denmark's performance was underwhelming, with EBIT at breakeven despite higher sales, due to lower gross margins.
- Net financial items were negatively impacted by currency fluctuations, resulting in a NOK63 million swing in profit before tax.
Good morning and welcome to the presentation of the Q1 numbers for ATEA.
We're in the beautiful head office of our company here in Oslo and right after this presentation we'll give the general assembly which pre which due to pre-voting I can say will be pretty uneventful. Around us over a pretty long time, there's been a lot of bad news, and the world has been, I would say, pretty unpredictable. I'm therefore so happy to be the one to give you some good news.
Let's take a short look at the numbers. The gross sales come in at a record breaking 13.3 billion in Q1.
And the EBIT up 10% to 281 million. The best Q1 in the history of the company.
The net financial position comes in almost 400 million better than last year.
But, as always, I'll leave it to Robert to give you all the good news.
Thank you, Steinar. Matteo reported record high operating profit for the 1st quarter, driven by strong sales growth across all
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