Atea ASA (ATEAY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, good afternoon around the world, and welcome to the Q2 presentation for the Atea Numbers. It's been an eventful quarter to see the least, with record high revenue and a good development all around. Many of our competitors are struggling, but we feel well positioned. I also want to remind you that we'll take a Q&A in the end of the presentation, so get your questions in digitally. So, to the numbers. Gross sales came in at 16.8 billion Norwegian kroners, up 14.4%. I'll challenge you to find any IT company in our industry growing faster. EBIT came in at 268 million, up 10.4%. And net profit at 157 Norwegian millions, up 13.3% from same quarter last year. As always, I will leave it to Robert to give you all the good news. driven by strong growth in sales across all lines of business. Gross sales in Q2 were 16.8 billion Norwegian krona, up 14.4% from last year. After adjusting for changes in currency rates, organic growth in constant currency was 10.0%. Hardware sales increased by 11%, driven by higher shipments of PCs and data center equipment. Software sales grew by 19.6%, with high growth in sales of office productivity applications, public cloud, and IT security solutions. Services sales increased by 8.9% from last year, with higher sales of consulting and product support services. Group revenue, according to IFRS, was 9.1 billion Norwegian krona, up 9.1% from last year. Gross profit increased by 5.1% to 2.8 billion Norwegian krona. Gross margin was lower than last year due to lower vendor incentives on software and a lower proportion of Atea's services in the revenue mix. Personnel costs and other operating expenses grew by 4.5% to 2.5 billion Norwegian krona. Adjusted for currency movements, these costs were flat from last year. With higher sales acro...