Atea reports financial results for Q4 2016
Atea, the leading supplier of IT infrastructure and system integration in the Nordic and Baltic regions, reports record high revenue, EBITDA and cash flow from operations in the fourth quarter of 2016. EBITDA margin also improved as revenue grew faster than operating expenses.Atea reported revenue of NOK 9,096 million in Q4 2016, an increase of 5.7% compared with last year, despite negative impact from currency fluctuations of 2.8%. EBITDA before option expenses was NOK 459 million, increasing 21.6% from NOK 378 million in the corresponding quarter last year. The Group’s EBITDA margin came