Atea reports financial results for Q1 2020
Atea, the leading supplier of IT infrastructure products and services in the Nordic and Baltic regions, today reported its interim financial results for the first quarter of 2020. Revenue was approximately in line with last year, despite a challenging market environment. Atea’s revenue in Q1 2020 was NOK 9,043 million, a decrease of 1.0% from last year. Hardware revenue was down 7.4%, while software revenue was up 6.7% and services revenue was up 5.7% from last year. EBIT before restructuring costs were NOK 103 million, a decrease of 10.9% from last year. As previously announced in