Brief: Atea Q4 EBIT Up At NOK 387 Mln

Atea ASA

09/02/2021 06:04

Feb 9 (Reuters) - Atea ASA  ATEA.OL :
    * ATEA Q4 2020 FINANCIAL REPORT AND PRESENTATION
    * ATEA'S REVENUE IN Q4 2020 WAS NOK 11,676 MILLION, AN
INCREASE OF
14.4% FROM LAST YEAR
    * Q4 EBIT INCREASED BY 27.1% TO NOK 387 MILLION, WITH
INCREASED
OPERATING PROFIT ACROSS ALL COUNTRIES
    * RESOLVED TO PROPOSE A DIVIDEND OF NOK 5.00 PER SHARE AT
NEXT
ANNUAL GENERAL MEETING
    * DIVIDEND WILL BE SPLIT INTO TWO EQUAL PAYMENTS OF NOK 2.50
WHICH
WILL TAKE PLACE IN MAY AND NOVEMBER 2021
    * ATEA IS WELLPOSITIONED TO MAINTAIN A LONG-TERM GROWTH RATE
FASTER THAN THE IT INFRASTRUCTURE MARKET.
    * EXPECTS TO STEADILY INCREASE ITS OPERATING PROFIT THROUGH
A
COMBINATION OF REVENUE GROWTH, EXPANSION IN HIGHER MARGIN
PRODUCTS AND SERVICES, AND TIGHT CONTROL OF OPERATING EXPENSES
    * OVER THE LONG-TERM, ATEA SEES THAT THE PANDEMIC MAY RESULT
IN AN
ACCELERATION OF THE DIGITALIZATION TREND IN THE WORKPLACE

Source text for Eikon:  ID:nObid3n9ya 
Further company coverage:  ATEA.OL 

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