Atea ASA

ATEA

Equity

ISIN NO0004822503 / Valor 599406

Oslo Stock Exchange (2025-03-17)

NOK 131.40-0.45%

Atea ASA
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About company

Atea ASA, formerly known as Merkantildata, is a leading provider of IT infrastructure and related services in the Nordic and Baltic regions. With a history dating back to 1968, Atea has established itself as the largest supplier of IT solutions in Norway and has expanded its operations to Sweden, Denmark, Finland, Lithuania, Latvia, and Estonia. The company, listed on the Oslo Stock Exchange, generated revenue of approximately NOK 35 billion (EUR 3.1 billion) in 2023. Atea's mission is to "build the future with IT" by leveraging information technology to enhance productivity and living standards. As a top channel partner for major technology companies like Microsoft, Apple, Cisco, and HP Inc, Atea holds the highest level of vendor certification and has received numerous awards for its performance. Through strategic mergers and acquisitions, Atea has strengthened its market presence and scale advantages, solidifying its position as a market leader in IT infrastructure services for businesses and public-sector organizations in the region.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Atea ASA reported a significant increase in revenue for the year 2023, reaching NOK 34,704 million. This marks a growth from the previous year's revenue of NOK 32,397 million, showcasing the company's continued expansion in the IT infrastructure market.

Operating Profit

For the year 2023, Atea ASA achieved an operating profit (EBIT) of NOK 1,244 million. This represents an increase from the previous year's EBIT of NOK 1,196 million, indicating improved operational efficiency and profitability.

Earnings Per Share

Atea ASA's earnings per share for 2023 were reported at NOK 7.22, slightly down from NOK 7.62 in 2022. Despite the slight decrease, the company maintained a strong earnings performance, reflecting its solid financial position.

Cash Flow and Liquidity

The cash flow from operations for Atea ASA in 2023 was NOK 1,878 million, demonstrating robust cash generation capabilities. Additionally, the company's liquidity reserve increased to NOK 5,791 million, ensuring financial stability and flexibility.

Employee Growth

By the end of 2023, Atea ASA had expanded its workforce to 10,249 full-time employees, up from 9,002 in 2022. This growth in personnel underscores the company's commitment to scaling its operations and enhancing service delivery across its markets.

Summarized from source with an LLMView Source

Key figures

3.96%1Y

-5.06%3Y

79.5%5Y

Performance

26.6%1Y

27.0%3Y

30.6%5Y

Volatility