Atea ASA : Atea reports financial results for Q3 2016
October 19 2016 - 10:36AM
Atea ASA / Atea ASA : Atea reports financial results for Q3 2016
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announcement.
Atea, the leading supplier of IT
infrastructure and system integration in the Nordic and Baltic
regions, reports strong growth in revenue and EBITDA in the third
quarter of 2016. Revenue grew across all three business areas and
EBITDA margin improved as revenue grew faster than operating
expenses.
Atea reported revenue of NOK 6,403 million in Q3
2016, an increase of 7.5% compared with last year. EBITDA before
option expenses was NOK 244 million, increasing 14.5% from NOK 214
million in the corresponding quarter last year.
"I am very pleased to see the solid growth in
revenue and even stronger growth in EBITDA, in line with our target
of profitable growth, in the third quarter of 2016", 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 interim report and presentation are available
at www.atea.com/reports
The press conference is available via webcast at
www.atea.com/webcast
The Stock Exchange Announcement is available at
www.atea.com/ose
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
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Atea ASA via Globenewswire
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Atea ASA
PB. 6472 Etterstad Oslo Norway
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Open Market (Freiverkehr) in Frankfurter Wertpapierbörse,
Freiverkehr in Bayerische Börse München;
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