Slide 1: Q1 2025 Presentation
Q1 2025 Presentation April 29, 2025
Slide 2: Highlights – Q1 2025
Highlights – Q1 2025 Gross sales of NOK 13.3 billion Revenue (IFRS) of NOK 8.6 billion Up 16.4% from last year Up 12.5% from last year EBIT of NOK 281 million Net financial position of NOK 250 million Up 9.8% from last year Up NOK 367 million from last year
Slide 3: Income statement – Q1 2025
Income statement – Q1 2025 • Record high Q1 operating profit (EBIT), driven by strong sales growth across all lines of business CURRENCY: MNOK Q1 2025 Q1 2024 Growth Hardware 5,753 4,950 16.2% Software 4,870 4,010 21.4% Services 2,648 2,439 8.6% Gross sales* 13,271 11,399 16.4% Revenue (IFRS) 8,553
Slide 4: Business unit performance – Q1 2025
Business unit performance – Q1 2025 • Solid sales growth and improved EBIT in all countries % Gross sales EBIT Currency: Local in million Gross sales Q1 2025 Q1 2025 Q1 2024 Growth% Q1 2025 Q1 2024 Growth% Norway, NOK 23 % 3,117 2,793 11.6 % 73 60 21.6 % Sweden, SEK 43 % 5,498 4,816 14.2 % 184 182 0
Slide 5: Cash flow from operations – Q1 2025
Cash flow from operations – Q1 2025 • Cash flow from operations was an outflow of NOK 881 million, in line with historic seasonal trends 2,500 2,000 1,500 2020 1,000 NOK in million 2021 500 2022 2023 0 2024 2025 -500 -1,000 -1,500 Q1 Q2 Q3 Q4
Slide 6: Net financial position
CURRENCY: MNOK 31 Mar 2025 31 Mar 2024 Interest-bearing liabilities -628 -947 Net Cash and cash equivalents 879 830 financial Net financial position* 250 -117 position EBITDA - rolling 4 Q* 1,940 1,950 Net debt / EBITDA, end of quarter (ratio) -0.1 0.1 Net cash balance of NOK 250 million Loan covena
Slide 7: Business Outlook
Business Outlook Solid growth in profitability throughout 2025, based on improved market conditions and key growth drivers Key growth drivers 2025 financial expectations • New frame agreements • Gross sales of NOK 57 – 60 billion, • Windows 10 end-of-life (October 2025) growth rate of 6 - 11% drivin
Slide 8: Most companies are still in the early stages of adopting AI
Most companies are still in the early stages of adopting AI After all the hype over artificial intelligence (AI), the value is hard to find. CEOs have authorized investments, hired talent, and launched pilots—but only 22% of companies have advanced beyond the proof-of-concept stage to generate some
Slide 9: Macroeconomic risk factors are relatively limited due to Atea's business model
Macroeconomic risk factors are relatively limited due to Atea’s business model Global trade policy risks Economic cycle risks • Atea does not import manufactured goods • 65-70% of Atea’s sales are to public sector customers directly from (or export to) the US. (less influenced by economic cycle) The
Slide 10: Geopolitical risk to public cloud adoption
Geopolitical risk to public cloud adoption Transfer of personal data from the EU • Atea offers products and services for customers seeking to: to the US is deemed adequate under • Migrate data and application workloads to the public cloud data privacy regulation (GDPR) based on the EU-US Data Privac
Slide 11: Atea's value proposition to customers in volatile times
Atea’s value proposition to customers in volatile times Complete IT infrastructure partner with specialist resources to advise, build and manage the operations of our customers’ complex and evolving IT environments Product leadership Service capabilities Local presence • Complete range of IT • Consu
Slide 12: We build the future with IT.
We build the future with IT.
Slide 13: Q1 2025 Presentation – Fact pack
Q1 2025 Presentation Fact pack April 29, 2025
Slide 14: Highlights – Group
Highlights – Group Q1 Q1 Full year NOK in million 2025 2024 2024 Gross sales 13,271 11,399 53,862 Revenue 8,553 7,606 34,583 Gross profit 2,682 2,556 10,397 EBIT 281 256 1,171 EBIT margin (%) 3.3% 3.4% 3.4% Net profit 162 192 775 Earnings per share (NOK) 1.45 1.72 6.95 Diluted earnings per share (NO
Slide 15: Consolidated statement of financial position – Group
Consolidated statement of financial position – Group NOK in million 31 Mar 2025 31 Mar 2024 31 Dec 2024 ASSETS Property, plant and equipment 474 518 498 Right-of-use assets 1,436 1,368 1,448 Deferred tax assets 182 223 170 Goodwill 4,403 4,429 4,465 Other intangible assets 747 590 712 Other long-ter
Slide 16: Full-time employees – Group
Full-time employees – Group FTEs, end of period 31 Mar 2025 31 Mar 2024 Norway 1,766 1,767 Sweden 2,569 2,681 Denmark 1,438 1,503 Finland 545 557 Baltics 732 760 Logistics 273 261 Atea Global Services 508 523 Atea ASA 9 9 AppXite 54 58 Atea Group 7,894 8,118
Slide 17: Financial performance actual – Segment
Financial performance actual – Segment NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Norway 1,900.1 2,114.2 1,968.0 2,817.8 2,100.2 Sweden 2,909.4 3,100.2 3,033.4 3,713.0 3,217.3 Denmark 1,615.9 1,813.9 1,716.5 2,717.8 1,999.5 Finland 857.9 980.2 836.6 906.5 850.5 The Baltics 347.5 423.6 437.5 514.7
Slide 18: Financial performance pro forma – Segment
Financial performance pro forma – Segment NOK in million Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Norway 1,900.1 2,114.2 1,968.0 2,817.8 2,100.2 Sweden 2,909.4 3,100.2 3,033.4 3,713.0 3,217.3 Denmark 1,615.9 1,813.9 1,716.5 2,717.8 1,999.5 Finland 857.9 980.2 836.6 906.5 850.5 The Baltics 347.5 423.6 437.5 514
Slide 19: 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 Hardware 4,950.1 5,627.0 5,555.9 7,684.4 5,752.8 Software 4,010.4 6,416.5 3,413.6 5,969.1 4,869.7 Product sales 8,960.5 12,043.5 8,969.5 13,653.5 10,622.4 Services sales 2,438.6 2,615.6 2,295.6 2,884.9 2,648.4
Slide 20: 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 Hardware 4,950.1 5,627.0 5,555.9 7,684.4 5,752.8 Software 4,010.4 6,416.5 3,413.6 5,969.1 4,869.7 Product sales 8,960.5 12,043.5 8,969.5 13,653.5 10,622.4 Services sales 2,438.6 2,615.6 2,295.6 2,884.9 2,64
Slide 21: 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 Product sales 2,176.0 2,504.0 2,188.9 3,513.9 2,427.0 Services sales 616.8 682.6 591.1 697.1 689.9 Gross sales 2,792.7 3,186.6 2,780.0 4,211.0 3,116.9 Product margin (%) 11.7% 11.5% 11.5% 9.6% 11.3% Services
Slide 22: 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 Product sales 3,912.0 5,071.1 3,446.0 5,483.0 4,540.8 Services sales 903.6 960.8 787.3 1,054.7 957.2 Gross sales 4,815.6 6,031.9 4,233.3 6,537.7 5,498.0 Product margin (%) 11.0% 8.8% 11.4% 8.5% 9.5% Services
Slide 23: 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 Product sales 3,956.8 5,079.3 3,542.5 5,602.9 4,704.9 Services sales 915.2 963.1 810.0 1,078.8 993.9 Gross sales 4,872.0 6,042.4 4,352.5 6,681.7 5,698.8 Product margin (%) 11.0% 8.8% 11.5% 8.5% 9.5% Services
Slide 24: 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 Product sales 1,090.9 1,929.8 1,173.7 2,011.0 1,439.1 Services sales 408.6 450.7 381.8 485.0 416.0 Gross sales 1,499.4 2,380.5 1,555.5 2,496.0 1,855.1 Product margin (%) 10.2% 6.4% 8.7% 8.0% 8.4% Services ma
Slide 25: 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 Product sales 1,668.9 2,999.5 1,850.5 3,168.5 2,247.6 Services sales 625.7 698.2 602.1 764.2 649.1 Gross sales 2,294.6 3,697.7 2,452.6 3,932.7 2,896.6 Product margin (%) 10.2% 6.4% 8.7% 8.0% 8.4% Services ma
Slide 26: 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 Product sales 78.9 99.7 92.2 86.5 81.6 Services sales 13.5 14.2 13.7 15.1 14.6 Gross sales 92.5 113.8 105.9 101.6 96.2 Product margin (%) 11.8% 9.2% 8.5% 9.4% 11.4% Services margin (%) 51.7% 56.2% 48.3% 57.7
Slide 27: 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 Product sales 902.1 1,151.0 1,083.5 1,016.3 950.2 Services sales 154.6 163.8 161.7 177.5 169.9 Gross sales 1,056.7 1,314.8 1,245.3 1,193.8 1,120.1 Product margin (%) 11.8% 9.2% 8.5% 9.4% 11.4% Services margi
Slide 28: 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 Product sales 25.5 28.9 28.3 32.0 29.1 Services sales 13.9 13.8 13.9 17.3 15.6 Gross sales 39.3 42.7 42.1 49.3 44.7 Product margin (%) 11.2% 13.2% 13.2% 14.6% 12.4% Services margin (%) 65.8% 64.2% 62.9% 62.9%
Slide 29: 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 Product sales 290.6 332.6 332.7 375.8 339.8 Services sales 158.4 159.9 163.3 203.8 181.9 Gross sales 449.0 492.5 496.1 579.6 521.7 Product margin (%) 11.2% 13.2% 13.2% 14.6% 12.4% Services margin (%) 65.8% 64
Slide 30: 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 Product sales 1,640.4 1,985.9 2,237.9 3,141.0 2,230.6 Services sales 296.2 307.8 339.9 350.1 322.7 Gross sales 1,936.6 2,293.6 2,577.8 3,491.1 2,553.4 Product margin (%) 2.2% 2.1% 1.8% 1.6% 1.8% Serv