Atea ASA (ATEAY) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.919 the presentation of the Q1 numbers for Atea. 00:00:05.919 -- 00:00:11.407 We're in the beautiful head office of our company here in Oslo. 00:00:11.407 -- 00:00:16.554 And right after this presentation, we'll give the general assembly, 00:00:16.554 -- 00:00:18.276 which 00:00:18.276 -- 00:00:23.741 due to pre-voting, I can say will be pretty uneventful. 00:00:24.888 -- 00:00:29.937 Around us over a pretty long time, there's been a lot 00:00:29.937 -- 00:00:35.346 of bad news and the world has been, I 00:00:35.346 -- 00:00:38.247 would say, pretty unpredictable. 00:00:38.371 -- 00:00:44.021 I'm therefore so happy to be the one to give you some good news. 00:00:44.021 -- 00:00:48.545 Let's take a short look at the numbers. 00:00:49.373 -- 00:00:54.278 The gross sales come in at a record breaking 13.3 00:00:54.278 -- 00:00:57.321 billion in Q1 00:00:57.321 -- 00:01:02.725 and the EBIT up 10% to 281 00:01:02.927 -- 00:01:04.549 million. 00:01:04.549 -- 00:01:06.671 The best Q1 00:01:06.671 -- 00:01:10.713 in the history of the company. 00:01:11.256 -- 00:01:17.642 The net financial position comes in almost 400 million better than 00:01:17.642 -- 00:01:20.023 last year. 00:01:20.423 -- 00:01:26.110 But as always, I leave it to Robert to give you all the good news. 00:01:26.110 -- 00:01:28.431 Thank you, Steinar. 00:01:33.039 -- 00:01:37.666 Matteo reported record high operating profit for the first quarter, driven by strong 00:01:37.666 -- 00:01:41.551 sales growth across all lines of business. 00:01:41.551 -- 00:01:47.859 Gross sales in Q1 were 13.3 billion Norwegian kroner, up 16.4% 00:01:47.859 -- 00:01:50.090 from last year. 00:01:50.090 -- 00:01:55.136 After adjusting for changes in currency rates, organic growth in constant currenc...