Atea ASA (ATEAY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

the presentation of the Q1 numbers for Atea. We're in the beautiful head office of our company here in Oslo. And right after this presentation, we'll give the general assembly, which due to pre-voting, I can say will be pretty uneventful. Around us over a pretty long time, there's been a lot of bad news and the world has been, I would say, pretty unpredictable. I'm therefore so happy to be the one to give you some good news. Let's take a short look at the numbers. The gross sales come in at a record breaking 13.3 billion in Q1 and the EBIT up 10% to 281 million. The best Q1 in the history of the company. The net financial position comes in almost 400 million better than last year. But as always, I leave it to Robert to give you all the good news. Thank you, Steinar. Matteo reported record high operating profit for the first quarter, driven by strong sales growth across all lines of business. Gross sales in Q1 were 13.3 billion Norwegian kroner, up 16.4% from last year. After adjusting for changes in currency rates, organic growth in constant currency was 13.9%. Hardware sales increased by 16.2%, with higher shipments of all major categories. Software sales grew by 21.4%, with strong demand from both the public and private sectors. Services sales increased by 8.6% from last year, driven by higher sales of product support services. Group revenue, according to IFRS, was 8.6 billion Norwegian krona, up 12.5% from last year. Gross profit increased by 5.0% to 2.7 billion Norwegian krona. Gross margin was lower than last year due to a shift in the revenue mix towards hardware and third-party services. In addition, margins on hardware sales normalized to 13.0% from unusually high levels in Q1 last year. Operating expenses grew by 4.4% to 2.4 billion Norwegian kroner. Mattias...