Slide 1: Q2 2025 Presentation
Q2 2025 Presentation July 16, 2025
Slide 2: Highlights – Q2 2025
Highlights – Q2 2025 Gross sales of NOK 16.8 billion Revenue (IFRS) of NOK 9.1 billion Up 14.4% from last year Up 9.1% from last year EBIT EBIT of NOK 268 million Net profit of NOK 157 million Up 10.4% from last year Up 13.3% from last year
Slide 3: Income statement – Q2 2025
Income statement – Q2 2025 • High operating profit (EBIT) in Q2 2025, driven by strong sales growth across all lines of business CURRENCY: MNOK Q2 2025 Q2 2024 Growth Hardware 6,246 5,627 11.0% Software 7,672 6,416 19.6% Services 2,849 2,616 8.9% Gross sales* 16,767 14,659 14.4% Revenue (IFRS) 9,139
Slide 4: Business unit performance – Q2 2025
Business unit performance – Q2 2025 • Improved sales and double-digit EBIT growth in all countries except Finland % Gross sales EBIT Currency: Local in million Gross sales Q2 2025 Q2 2025 Q2 2024 Growth% Q2 2025 Q2 2024 Growth% Norway, NOK 19 % 3,233 3,187 1.4 % 108 97 11.1 % Sweden, SEK 42 % 6,597
Slide 5: Cash flow from operations – Q2 2025
Cash flow from operations – Q2 2025 • Cash flow from operations was an outflow of NOK 111 million • Cash flow was negatively impacted by higher inventory of school PCs to be delivered in Q3 2,500 2,000 1,500 1,000 2021 NOK in million 2022 500 2023 2024 0 2025 -500 -1,000 -1,500 Q1 Q2 Q3 Q4
Slide 6: Net financial position
CURRENCY: MNOK 30 Jun 2025 30 Jun 2024 Interest-bearing liabilities -1,506 -1,274 Net Cash and cash equivalents 1,066 1,190 financial Net financial position* -440 -84 position EBITDA - rolling 4 Q* 1,981 1,906 Net debt / EBITDA, end of quarter (ratio) 0.2 0.0 Net debt of NOK 440 million Loan covenan
Slide 7: Business Outlook
Business Outlook Solid growth in profitability throughout 2025, based on improved market conditions and new agreements Forecast for 2H 2025 2025 financial expectations • Healthy market, but sales growth slows with more challenging comparables • Gross sales of NOK 57 – 60 billion, • Continued solid E
Slide 8: Business outlook – key growth areas
Business outlook – key growth areas Defense IT security • Atea is a key supplier for defense in all countries • Cybersecurity is now more critical than ever • Defense spending will increase significantly • One driver for IT security investments is the • NATO membership is a driving force EU Network
Slide 9: Summary – H1 2025
Summary – H1 2025 Gross sales of NOK 30.0 billion Revenue (IFRS) of NOK 17.7 billion Up 15.3% from last year Up 10.7% from last year Gross profit of NOK 5.5 billion EBIT EBIT of NOK 549 million Up 5.0% from last year Up 10.1% from last year
Slide 10: We build the future with IT.
We build the future with IT.
Slide 11: Q2 2025 Presentation – Fact pack
Q2 2025 Presentation Fact pack July 16, 2025
Slide 12: Highlights – Group
Highlights – Group Q2 Q2 H1 H1 Full year NOK in million 2025 2024 2025 2024 2024 Gross sales 16,767 14,659 30,038 26,058 53,862 Revenue 9,139 8,380 17,692 15,986 34,583 Gross profit 2,776 2,642 5,458 5,197 10,397 EBIT 268 243 549 499 1,171 EBIT margin (%) 2.9% 2.9% 3.1% 3.1% 3.4% Net profit 157 139
Slide 13: Consolidated statement of financial position – Group
Consolidated statement of financial position – Group NOK in million 30 Jun 2025 30 Jun 2024 31 Dec 2024 ASSETS Property, plant and equipment 476 503 498 Right-of-use assets 1,518 1,407 1,448 Deferred tax assets 199 239 170 Goodwill 4,499 4,360 4,465 Other intangible assets 791 617 712 Other long-ter
Slide 14: Full-time employees – Group
Full-time employees – Group FTEs, end of period 30 Jun 2025 30 Jun 2024 Norway 1,765 1,754 Sweden 2,596 2,690 Denmark 1,426 1,482 Finland 562 556 Baltics 750 748 Logistics 295 283 Atea Global Services 510 520 Atea ASA 9 10 AppXite 54 56 Atea Group 7,967 8,098
Slide 15: Financial performance actual – Segment
Financial performance actual – Segment NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Norway 1,900.1 2,114.2 1,968.0 2,817.8 2,100.2 2,133.3 Sweden 2,909.4 3,100.2 3,033.4 3,713.0 3,217.3 3,535.3 Denmark 1,615.9 1,813.9 1,716.5 2,717.8 1,999.5 2,048.4 Finland 857.9 980.2 836.6 906.5 850.5 959.2
Slide 16: Financial performance pro forma – Segment
Financial performance pro forma – Segment NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Norway 1,900.1 2,114.2 1,968.0 2,817.8 2,100.2 2,133.3 Sweden 2,909.4 3,100.2 3,033.4 3,713.0 3,217.3 3,535.3 Denmark 1,615.9 1,813.9 1,716.5 2,717.8 1,999.5 2,048.4 Finland 857.9 980.2 836.6 906.5 850.5 959
Slide 17: Income statement actual – Group (NOK million)
Income statement actual – Group (NOK million) NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Hardware 4,950.1 5,627.0 5,555.9 7,684.4 5,752.8 6,245.5 Software 4,010.4 6,416.5 3,413.6 5,969.1 4,869.7 7,672.5 Product sales 8,960.5 12,043.5 8,969.5 13,653.5 10,622.4 13,918.0 Services sales 2,438.6
Slide 18: Income statement pro forma – Group (NOK million)
Income statement pro forma – Group (NOK million) NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Hardware 4,950.1 5,627.0 5,555.9 7,684.4 5,752.8 6,245.5 Software 4,010.4 6,416.5 3,413.6 5,969.1 4,869.7 7,672.5 Product sales 8,960.5 12,043.5 8,969.5 13,653.5 10,622.4 13,918.0 Services sales 2,438
Slide 19: Income statement actual – Norway (NOK million)
Income statement actual – Norway (NOK million) NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Product sales 2,176.0 2,504.0 2,188.9 3,513.9 2,427.0 2,538.2 Services sales 616.8 682.6 591.1 697.1 689.9 694.4 Gross sales 2,792.7 3,186.6 2,780.0 4,211.0 3,116.9 3,232.7 Product margin (%) 11.7% 11.5
Slide 20: Income statement actual – Sweden (SEK million)
Income statement actual – Sweden (SEK million) SEK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Product sales 3,912.0 5,071.1 3,446.0 5,483.0 4,540.8 5,580.4 Services sales 903.6 960.8 787.3 1,054.7 957.2 1,016.1 Gross sales 4,815.6 6,031.9 4,233.3 6,537.7 5,498.0 6,596.6 Product margin (%) 11.0%
Slide 21: Income statement actual – Sweden (NOK million)
Income statement actual – Sweden (NOK million) NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Product sales 3,956.8 5,079.3 3,542.5 5,602.9 4,704.9 5,941.3 Services sales 915.2 963.1 810.0 1,078.8 993.9 1,083.0 Gross sales 4,872.0 6,042.4 4,352.5 6,681.7 5,698.8 7,024.3 Product margin (%) 11.0%
Slide 22: Income statement actual – Denmark (DKK million)
Income statement actual – Denmark (DKK million) DKK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Product sales 1,090.9 1,929.8 1,173.7 2,011.0 1,439.1 2,521.3 Services sales 408.6 450.7 381.8 485.0 416.0 505.0 Gross sales 1,499.4 2,380.5 1,555.5 2,496.0 1,855.1 3,026.3 Product margin (%) 10.2% 6.4
Slide 23: Income statement actual – Denmark (NOK million)
Income statement actual – Denmark (NOK million) NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Product sales 1,668.9 2,999.5 1,850.5 3,168.5 2,247.6 3,949.1 Services sales 625.7 698.2 602.1 764.2 649.1 789.0 Gross sales 2,294.6 3,697.7 2,452.6 3,932.7 2,896.6 4,738.0 Product margin (%) 10.2% 6.4
Slide 24: Income statement actual – Finland (EUR million)
Income statement actual – Finland (EUR million) EUR in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Product sales 78.9 99.7 92.2 86.5 81.6 93.4 Services sales 13.5 14.2 13.7 15.1 14.6 13.6 Gross sales 92.5 113.8 105.9 101.6 96.2 107.0 Product margin (%) 11.8% 9.2% 8.5% 9.4% 11.4% 10.7% Services margi
Slide 25: Income statement actual – Finland (NOK million)
Income statement actual – Finland (NOK million) NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Product sales 902.1 1,151.0 1,083.5 1,016.3 950.2 1,088.5 Services sales 154.6 163.8 161.7 177.5 169.9 158.7 Gross sales 1,056.7 1,314.8 1,245.3 1,193.8 1,120.1 1,247.2 Product margin (%) 11.8% 9.2% 8.
Slide 26: Income statement actual – Baltic (EUR million)
Income statement actual – Baltic (EUR million) EUR in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Product sales 25.5 28.9 28.3 32.0 29.1 36.2 Services sales 13.9 13.8 13.9 17.3 15.6 15.1 Gross sales 39.3 42.7 42.1 49.3 44.7 51.3 Product margin (%) 11.2% 13.2% 13.2% 14.6% 12.4% 9.9% Services margin (
Slide 27: Income statement actual – Baltic (NOK million)
Income statement actual – Baltic (NOK million) NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Product sales 290.6 332.6 332.7 375.8 339.8 421.3 Services sales 158.4 159.9 163.3 203.8 181.9 176.4 Gross sales 449.0 492.5 496.1 579.6 521.7 597.7 Product margin (%) 11.2% 13.2% 13.2% 14.6% 12.4% 9.9%
Slide 28: Income statement actual – Group Shared Services (MNOK)
Income statement actual – Group Shared Services* (MNOK) NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Product sales 1,640.4 1,985.9 2,237.9 3,141.0 2,230.6 2,595.5 Services sales 296.2 307.8 339.9 350.1 322.7 339.6 Gross sales 1,936.6 2,293.6 2,577.8 3,491.1 2,553.4 2,935.0 Product margin (%) 2