Atea reports improved revenue and earnings and continues to gain market share
Atea ASA /
Atea reports improved revenue and earnings and continues to gain market share
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Atea, the number one supplier of IT infrastructure products and services in the
Nordic and Baltic region, reports improved revenue and earnings, and continued
to gain market share in the fourth quarter of 2013.
In the fourth quarter of 2013, Atea reported revenue of NOK 6,846 million,
corresponding to a growth of 8.3% compared with the fourth quarter of 2012.
Services revenue increased by an impressive 11.4%, hardware revenue increased by
9.2% and software revenue was up by 3.4%.
EBITDA in the fourth quarter of 2013 ended at NOK 361 million up from NOK 349
million in the fourth quarter of 2012. The EBITDA result corresponds to an
EBITDA margin of 5.3% for the quarter.
The market conditions remained weak in the fourth quarter of 2013, and Atea is
still experiencing a hesitancy to invest among its customers. The challenging
market conditions have according to IDC led to a decline in the Nordic hardware
market of 0.7%, while the total IT infrastructure market grew 1.6%. When
comparing Atea's growth to that of the market it is evident that Atea continued
to gain market share in the fourth quarter of 2013.
"Considering the continued challenging market conditions, I am pleased to see
that both revenue and EBITDA have improved from the fourth quarter last year.
This has been achieved at the same time as we have executed our operational
efficiency programme according to plan, and going into 2014 we are therefore
well positioned to improve earnings." says Claus Hougesen, CEO of Atea.
The cash flow from operations was NOK 1,073 million for the quarter. Based on
the strong cash flow and balance sheet position the Board of Directors will
propose to the Annual General Assembly in April 2014 to pay out dividend of NOK
6.00 per share, representing a dividend yield of 10% based on the share price at
end of 2013.
The full-year revenue in 2013 was NOK 22.1 billion, up 5.6% compared with 2012
and the highest in the company's history. EBITDA for the year ended at NOK 800
million corresponding to a margin of 3.6%.
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:
Claus Hougesen, CEO Atea ASA, mobile (+45) 3078 1200
Rune Falstad, CFO Atea ASA, mobile (+47) 906 14Â 482
About Atea
Atea is the leading Nordic and Baltic supplier of IT infrastructure and has
approximately 6,500 employees. Atea is present in 84 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 more than NOK 22 billion in 2013
and is listed on Oslo Stock Exchange. www.atea.com
Atea_Q413_Interim_Report:
http://hugin.info/85/R/1759239/594953.pdf
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Source: Atea ASA via GlobeNewswire
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