Atea Q2 2024 financial report and presentation
Atea reported lower financial results in the second quarter of 2024, as shipments of networking equipment fell from abnormally high levels in Q2 last year. Gross sales in Q2 2024 were NOK 14.7 billion, in line with last year. Revenue (IFRS) fell by 5.5% to NOK 8.4 billion. Currency fluctuations had a negative impact of 1.0% on revenue growth in Q2 2024. Hardware revenue fell by 8.3% from last year. The entire decline was due to lower deliveries of networking equipment. Shipments of networking equipment were exceptionally high in Q2 last year due to an easing of supply constraints.