Atea reports financial results for Q1 2016
Atea, the leading supplier of IT infrastructure and system integration in the Nordic and Baltic regions, reports strong growth in revenue across all three business areas and growth in EBITDA in the first quarter of 2015.
Atea reported revenue of NOK 7,246 million in Q1 2016, an increase of 11.5% compared with last year. EBITDA beforeoption and restructuring expenses was NOK 209 million, up from NOK 202 million in the corresponding quarter last year.
"Atea had rapid growth in revenue during the first quarter of 2016, with significantly improved sales across all three business areas. EBITDA also increased from last year, based on higher revenue", commented Steinar Sønsteby, CEO of Atea.
Atea expects continued growth in the IT infrastructure market, as organizations invest in new IT solutions to enhance productivity. This adoption of new technologies is creating greater complexity for IT departments, and driving increased demand for specialist competence in IT infrastructure and system integration. This trend strongly benefits Atea, as a system integrator with expertise across multiple product platforms.
Based on its leading market position and competitive advantages as an IT infrastructure and system integration specialist, Atea is becoming an ever more important partner to customers across the Nordic and Baltic regions, and is well-positioned to capture the long-term growth opportunities within the IT infrastructure market.
The financial report, presentation and press release for Q1 2016 are enclosed.
For further information, please contact:
Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188
Atea is the leading supplier of IT infrastructure and system integration in the Nordic and Baltic regions with 6,800 employees. Atea is present in 89 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assists its customers with specialist competencies within IT infrastructure services. Atea had revenue of approximately NOK 28 billion in 2015 and is listed on Oslo Stock Exchange.