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ATEAO Atea ASA News Story

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TechnologyBalancedMid CapSuper Stock

Norway's Atea Q4 net profit rises 35.7% y/y on solid sales growth

Overview

Nordic IT infrastructure supplier's Q4 net revenue grew 6.1% yr/yr

Gross profit rose 9%, driven by higher hardware margins and software/cloud mix

Company plans to propose increased dividend based on strong profit and cash flow

Outlook

Atea plans to propose an annual dividend of NOK 7.50 per share

Result Drivers

SALES GROWTH - Atea's Q4 sales increased across hardware, software/cloud, and services, contributing to a 7.8% rise in gross sales

GROSS MARGIN IMPROVEMENT - Gross margin rose to 27.4% due to higher hardware margins and increased software/cloud sales

LOW OPERATING EXPENSES - Relatively low growth in operating expenses supported profit growth

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueBeatNOK 11.30 blnNOK 10.82 bln (2 Analysts)
Q4 Net IncomeNOK 333 mln
Press Release: ID:nWkr3xhSXZ For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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