Atea reports financial results for Q2 2016

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Atea ASA / Atea reports financial results for Q2 2016 . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement. Atea, the leading supplier of IT infrastructure and system ...

Atea ASA / Atea reports financial results for Q2 2016 . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this 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 second quarter of 2015. Revenue grew across all three business areas and EBITDA improved across all countries.

Atea reported revenue of NOK 8,442 million in Q2 2016, an increase of 23.4% compared with last year. EBITDA before option expenses was NOK 215 million, increasing 36.9% from NOK 157 million in the corresponding quarter last year.

"Atea had very strong growth in revenue and profitability in the second quarter of 2016. EBITDA margin improved across all countries, as revenue grew faster than operating costs", 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

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 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. www.atea.com




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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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Source(s) : Atea ASA

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