Atea Q3 2022 financial report and presentation
Atea reported exceptionally strong organic growth, higher EBIT, and very positive cash flow from operations in the third quarter of 2022. Rapid growth across businessAtea’s gross sales in Q3 2022 were NOK 10.4 billion, up 23% from last year. Currency differences had a negative impact on reported growth, as sales in foreign currencies were translated into a stronger Norwegian krone. Organic sales growth in constant currency was 27%. IFRS revenue in the third quarter was NOK 8.1 billion, an increase of 24% from last year. Atea reported double-digit revenue growth across each of its