Brief: Atea Q1 EBIT Before Restructuring Costs At NOK 103 Million

Atea ASA

22/04/2020 06:07

April 22 (Reuters) - Atea ASA  ATEA.OL :
    * ATEA REPORTS FINANCIAL RESULTS FOR Q1 2020
    * ATEA'S REVENUE IN Q1 2020 WAS NOK 9,043 MILLION, A
DECREASE OF
1.0% FROM LAST YEAR.
    * SINCE MID-MARCH, ATEA HAS EXPERIENCED GROWING DEMAND FOR
HARDWARE AND SOFTWARE AS A RESULT OF COVID-19 PANDEMIC
    * ATEA'S BUSINESS IS STRUCTURALLY WELL-SUITED FOR CURRENT
BUSINESS
ENVIRONMENT, AS COVID-19 PANDEMIC FORCES CUSTOMERS TO RETHINK
DESIGN AND OPERATION OF THEIR IT INFRASTRUCTURE
    * ATEA IMPLEMENTED A COST EFFICIENCY PROGRAM IN DENMARK
DURING Q1
AND INCURRED NOK 71 MILLION (DKK 51 MILLION) IN REORGANIZATION
COSTS
    * Q1 EBIT BEFORE RESTRUCTURING COSTS WERE NOK 103 MILLION, A
DECREASE OF 10.9% FROM LAST YEAR

Source text for Eikon:  ID:nWkr3jGvdp 
Further company coverage:  ATEA.OL 

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