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
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
NOK 11.30 bln
NOK 10.82 bln (2 Analysts)
Q4 Net Income
NOK 333 mln
Press Release: ID:nWkr3xhSXZ
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(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.)