Slide 1: Q2 2026 Presentation
Q2 2026 Presentation July 15, 2026
Slide 2: Slide 2
Slide 3: Highlights – Q2 2026
Highlights – Q2 2026 Gross sales of NOK 18.9 billion Revenue (IFRS) of NOK 10.4 billion Up 12.5% from last year Up 14.1% from last year EBIT EBIT of NOK 320 million Net profit of NOK 218 million Up 19.2% from last year Up 38.8% from last year
Slide 4: Income statement – Q2 2026
Income statement – Q2 2026 • Rapid growth in sales and profitability driven by high demand for hardware and software • Organic sales growth in constant currency* of 19.4% CURRENCY: MNOK Q2 2026 Q2 2025 Growth Hardware 7,571 6,246 21.2% Software/Cloud 8,569 7,672 11.7% Services 2,716 2,849 -4.7% Gros
Slide 5: Business unit performance – Q2 2026
Business unit performance – Q2 2026 • Higher EBIT based on strong sales performance across all countries % Gross sales EBIT Currency: Local in million Gross sales Q2 2026 Q2 2026 Q2 2025 Growth% Q2 2026 Q2 2025 Growth% Norway, NOK 22 % 4,072 3,233 26.0 % 108.5 108.3 0.2 % Sweden, SEK 41 % 7,750 6,59
Slide 6: Cash flow from operations – Q2 2026
Cash flow from operations – Q2 2026 Cash flow from operations was an outflow of NOK 727 million • Atea acquired inventory to secure customer deliveries during a period of industry supply constraints • Inventory will be reduced with customer deliveries in 2H 2026, resulting in improved cash flow 2,50
Slide 7: Net financial position
CURRENCY: MNOK 30 June 2026 30 June 2025 Interest-bearing liabilities -1,950 -1,506 Net Cash and cash equivalents 629 1,066 financial Net financial position* -1,321 -440 position EBITDA - rolling 4 Q* 2,403 1,970 Net debt / EBITDA, end of quarter (ratio) 0.5 0.2 Net debt of NOK 1,321 million Loan co
Slide 8: CIO Analytics 2026
CIO Analytics 2026 CIO Analytics is an annual survey that maps priorities, challenges, and strategic direction among IT leaders. The study covers Norway, Sweden, Denmark, Finland, Estonia, Latvia, and Lithuania, providing a broad regional perspective on developments in IT leadership. This year’s rep
Slide 9: Atea Cloud
Atea Cloud Umeå • Sovereign capabilities in the Nordics Trondheim • Full redundancy with double sites Östersund • Fully connected Nordic cloud with interoperability cross countries • Connections to public cloud and customer data centers for real Helsinki hybrid solutions Oslo Eskilstuna • Tier 3 cap
Slide 10: Baltic datacenter
Baltic datacenter • Capacity – 386 racks or 7800 servers • Power Usage Effectiveness (PUE) – 1.2 • Total Datacenter electricity power – 5 MW • Biggest Internet Exchange in Baltics
Slide 11: Summary – H1 2026
Summary – H1 2026 Gross sales of NOK 33.7 billion Revenue (IFRS) of NOK 20.1 billion Up 12.0% from last year Up 13.5% from last year EBIT EBIT* of NOK 796 million Net profit* of NOK 607 million Up from NOK 549 million last year Up from NOK 319 million last year ** H1 2026 EBIT and Net profit was pos
Slide 12: Business Outlook
Business Outlook Atea expects strong year-over-year growth in sales and EBIT during the third quarter of 2026, broadly in line with trends during the first half of the year Order backlog at the end of Q2 2026 is much higher than last year • Strong underlying customer demand for IT investment • High
Slide 13: We build the future with IT.
We build the future with IT.
Slide 14: Q2 2026 Presentation – Fact pack
Q2 2026 Presentation Fact pack July 15, 2026
Slide 15: Highlights – Group
Highlights – Group Q2 Q2 H1 H1 Full year NOK in million 2026 2025 2026 2025 2025 Gross sales 18,856 16,767 33,655 30,038 60,167 Revenue 10,423 9,139 20,077 17,692 37,376 Gross profit 2,873 2,776 5,716 5,458 11,059 EBIT 320 268 796 549 1,377 EBIT margin (%) 3.1% 2.9% 4.0% 3.1% 3.7% Net profit 218 157
Slide 16: Consolidated statement of financial position – Group
Consolidated statement of financial position – Group NOK in million 30 June 2026 30 June 2025 31 Dec 2025 ASSETS Property, plant and equipment 583 476 563 Right-of-use assets 1,446 1,518 1,396 Deferred tax assets 138 199 126 Goodwill 4,350 4,499 4,526 Other intangible assets 711 791 753 Investment i
Slide 17: Full-time employees – Group
Full-time employees – Group FTEs, end of period 30 June 2026 30 June 2025 Norway 1,755 1,765 Sweden 2,622 2,596 Denmark 1,507 1,426 Finland 580 562 Baltics 766 750 Logistics 336 295 Atea Global Services 515 510 Atea ASA 10 9 AppXite* 0 54 Atea Group 8,091 7,967 * The majority of AppXite shares were
Slide 18: Financial performance actual – Segment
Financial performance actual – Segment NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Norway 2,100.2 2,133.3 2,215.7 2,947.2 2,517.8 2,475.8 Sweden 3,217.3 3,535.3 3,267.7 4,230.8 3,749.9 4,273.0 Denmark 1,999.5 2,048.4 1,796.6 2,481.1 2,110.7 2,264.6 Finland 850.5 959.2 759.4 968.8 882.0 972.0
Slide 19: Financial performance pro forma – Segment
Financial performance pro forma – Segment NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Norway 2,100.2 2,133.3 2,215.7 2,947.2 2,517.8 2,475.8 Sweden 3,217.3 3,535.3 3,267.7 4,230.8 3,749.9 4,273.0 Denmark 1,999.5 2,048.4 1,796.6 2,481.1 2,110.7 2,264.6 Finland 850.5 959.2 759.4 968.8 882.0 972
Slide 20: Income statement actual – Group (NOK million)
Income statement actual – Group (NOK million) NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Hardware 5,752.8 6,245.5 5,873.4 8,102.7 6,837.7 7,570.9 Software/Cloud 4,869.7 7,672.5 3,996.3 6,626.6 5,311.8 8,569.1 Product sales 10,622.4 13,918.0 9,869.7 14,729.3 12,149.5 16,140.0 Services sales 2
Slide 21: Income statement pro forma – Group (NOK million)
Income statement pro forma – Group (NOK million) NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Hardware 5,752.8 6,245.5 5,873.4 8,102.7 6,837.7 7,570.9 Software/Cloud 4,869.7 7,672.5 3,996.3 6,626.6 5,311.8 8,569.1 Product sales 10,622.4 13,918.0 9,869.7 14,729.3 12,149.5 16,140.0 Services sale
Slide 22: Income statement actual – Norway (NOK million)
Income statement actual – Norway (NOK million) NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Product sales 2,427.0 2,538.2 2,442.4 3,831.4 2,955.8 3,330.6 Services sales 689.9 694.4 650.4 736.0 717.1 741.4 Gross sales 3,116.9 3,232.7 3,092.7 4,567.4 3,672.9 4,072.0 Product margin (%) 11.3% 11.4
Slide 23: Income statement actual – Sweden (SEK million)
Income statement actual – Sweden (SEK million) SEK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Product sales 4,540.8 5,580.4 3,693.8 5,759.3 5,019.5 6,727.8 Services sales 957.2 1,016.1 867.2 1,118.1 966.0 1,022.3 Gross sales 5,498.0 6,596.6 4,561.0 6,877.4 5,985.5 7,750.2 Product margin (%) 9.5%
Slide 24: Income statement actual – Sweden (NOK million)
Income statement actual – Sweden (NOK million) NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Product sales 4,704.9 5,941.3 3,918.7 6,189.7 5,349.2 6,766.4 Services sales 993.9 1,083.0 920.0 1,199.7 1,026.0 1,029.0 Gross sales 5,698.8 7,024.3 4,838.7 7,389.4 6,375.3 7,795.5 Product margin (%) 9.
Slide 25: Income statement actual – Denmark (DKK million)
Income statement actual – Denmark (DKK million) DKK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Product sales 1,439.1 2,521.3 1,398.3 1,888.0 1,560.1 3,071.6 Services sales 416.0 505.0 370.2 506.0 406.0 439.2 Gross sales 1,855.1 3,026.3 1,768.5 2,394.0 1,966.2 3,510.8 Product margin (%) 8.4% 4.2%
Slide 26: Income statement actual – Denmark (NOK million)
Income statement actual – Denmark (NOK million) NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Product sales 2,247.6 3,949.1 2,211.0 2,972.6 2,379.5 4,516.3 Services sales 649.1 789.0 584.3 796.1 617.0 644.2 Gross sales 2,896.6 4,738.0 2,795.3 3,768.7 2,996.5 5,160.5 Product margin (%) 8.4% 4.2%
Slide 27: Income statement actual – Finland (EUR million)
Income statement actual – Finland (EUR million) EUR in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Product sales 81.6 93.4 83.1 97.3 96.8 105.7 Services sales 14.6 13.6 12.7 15.4 12.9 13.3 Gross sales 96.2 107.0 95.8 112.7 109.8 119.0 Product margin (%) 11.4% 10.7% 9.3% 10.1% 10.9% 11.2% Services ma
Slide 28: Income statement actual – Finland (NOK million)
Income statement actual – Finland (NOK million) NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Product sales 950.2 1,088.5 980.6 1,144.7 1,101.6 1,156.0 Services sales 169.9 158.7 150.1 181.5 147.0 145.8 Gross sales 1,120.1 1,247.2 1,130.7 1,326.2 1,248.6 1,301.8 Product margin (%) 11.4% 10.7% 9
Slide 29: Income statement actual – Baltic (EUR million)
Income statement actual – Baltic (EUR million) EUR in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Product sales 29.1 36.2 31.6 57.6 39.5 40.9 Services sales 15.6 15.1 14.6 19.2 16.3 19.0 Gross sales 44.7 51.3 46.2 76.8 55.8 59.9 Product margin (%) 12.4% 9.9% 12.0% 13.3% 11.7% 12.3% Services margin (
Slide 30: Income statement actual – Baltic (NOK million)
Income statement actual – Baltic (NOK million) NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Product sales 339.8 421.3 372.3 678.7 450.1 447.4 Services sales 181.9 176.4 172.0 226.0 185.1 208.0 Gross sales 521.7 597.7 544.3 904.7 635.1 655.4 Product margin (%) 12.4% 9.9% 12.0% 13.3% 11.6% 12.3%
Slide 31: Income statement actual – Group Shared Services (MNOK)
Income statement actual – Group Shared Services* (MNOK) NOK in million Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Product sales 2,230.6 2,595.5 2,642.6 3,437.0 2,797.6 3,449.3 Services sales 322.7 339.6 346.7 363.8 351.0 365.7 Gross sales 2,553.4 2,935.0 2,989.3 3,800.7 3,148.6 3,815.0 Product margin (%) 1