Atea ASA (ATEAY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, welcome to the Q2 presentation of the ATEA number here in beautiful summerly Oslo. This time we actually did something we've never done before. We moved the presentation from Thursday morning to this afternoon. This is how Oslo looked after being beaten by England in the quarter final of the World Cup. Think how we would have looked if we had beaten Argentina this night. I would probably have been doing this presentation alone and that would not be good even without Robert. But friends, I am so happy to share the numbers with you. They are equally good as the Norwegian World Cup. After all the buts and ifs in the market, I am so proud to say that revenue this quarter came in at 18,900,000,000, up 12.5%. EBIT at three twenty up 19.2% and net profit at two eighteen up almost 40%. But I am so happy to also this time have with me Robert, so he can give you all the good news. Thank you Steiner. Atea reported rapid growth in sales and profitability during the second quarter driven by strong demand for hardware and software. Gross sales in Q2 were NOK 18,900,000,000, up 12.5% from last year. Organic growth in constant currency was 19.4%. Currency fluctuations had a negative impact on sales growth of 5.8% as sales in foreign currencies were translated into a stronger Norwegian kroner compared with last year. Hardware sales increased by 21.2% with high demand across all major categories and particularly strong growth in data center and networking solutions. Software and cloud sales increased by 11.7%, driven by strong growth within security and productivity applications. Services sales fell by 4.7% from last year. After adjusting for the impact of currency changes, Services sales were slightly ahead of last year. Net revenue, according to IFRS, was NOK 10,400,000,000...