Atea ASA (ATEAY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, and welcome to the Q3 presentation of the ATEA numbers here from rainy Oslo. In this presentation, we will update you in more details on both the 2025 guiding and, as promised, the development in Denmark. We will give you much more details than normally, not only to Denmark, but also more insight in our business model. In the future, we will not go as deep. So see this as an opportunity to understand more rather than a new way of reporting. So to the numbers. Gross sale came in at $12.3 billion, up almost 10%, and EBIT at $348 million, up 13.3%. Net profit grew by almost 18%, another record-breaking quarter from the place to be. But as always, I leave it to Robert to give you all the good news. Thank you, Steinar. Attea reported strong sales and profit growth in the third quarter of 2025, with high demand across all lines of business. Gross sales in Q3 were 12.3 billion Norwegian krona, up 9.2% from last year. After adjusting for changes in currency rates, organic growth in constant currency was 7.0%. Hardware sales increased by 5.7%, driven by higher shipments of PCs and other digital workplace solutions. Software and cloud sales increased by 17.1%, with high demand across all product categories. Services sales increased by 6.0% from last year, based on higher sales of consulting and product support services. Group revenue, according to IFRS, was 8.4 billion Norwegian krona, up 5.6% from last year. and gross profit increased by 6.7% to 2.5 billion Norwegian krona. Gross margin increased from last year due to an improved hardware margin and a higher proportion of software in the revenue mix. Operating expenses grew by 5.7% to 2.2 billion Norwegian krona. After adjusting for changes in currency rates, OPEX growth in constant currency was about 3.5%. With strong de...