Atea issues preliminary Q2 2020 financial results – profit significantly above market estimates
Atea ASA (Oslo Stock Exchange: ATEA), the market leader in IT infrastructure in the Nordic region, today released preliminary revenue and profit figures for the second quarter of 2020. · Revenue of NOK 10.6 billion, up 12% from last year · EBIT of NOK 220 million, up 51% from last year · Net Profit after tax of NOK 151 million, up 55% from last year Both revenue and operating profit were at all time high levels for the second quarter, and cash flow from operations was also very strong. The Board and Management decided to release the revenue and profit figures ahead of the