Atea reports financial results for Q3 2015

Atea, the leading supplier of IT infrastructure and system integration in the Nordic and Baltic regions, reports growth in revenue and EBITDA in the third quarter of 2015. Revenue was at record high levels for the third quarter of the year together with growth in EBITDA.

Atea reported revenue of NOK 5,957 million in Q3 2015, an increase of 15.2% compared with last year. EBITDA before option and restructuring expenses increased by 4.1% to NOK 214 million, up from NOK 205 million in the corresponding quarter last year.

"Atea had strong growth in revenue in the third quarter of 2015, and returned to EBITDA growth. Sweden and the Baltics delivered excellent results, and Denmark and Norway had sequential improvement from the prior quarter", commented Steinar Sønsteby, CEO of Atea.

For the three first quarters of 2015, Atea reported revenue of NOK 19.3 billion, up 13.3% compared with last year. The Group's EBITDA before option and restructuring expenses was NOK 573 million, up 1.8% from the corresponding three quarters last year.

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 Q3 2015 are enclosed.

Enclosures on www.newsweb.no
Please go to www.atea.com/reports for the quarterly report and presentation.
Video of the press conference is available at www.atea.com/webcast

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

   
About Atea
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 90 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 25 billion in 2014 and is listed on Oslo Stock Exchange.
www.atea.com

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