Atea ASA (ATEAY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Q4 and 2025 numbers from the Atea Group. Welcome to icy cold Oslo, a beautiful winter day. It has been a challenging year, but a very rewarding year for everybody in the ecosystem of Atea. It's been a year of good results. and we'll soon take you through all of them. But it's also been a year where we've been doing massive investments in the future of Altea, and we'll touch on some of those too. Diving into Q4 first, we had a gross sales of 17.8 billion, up almost 8%. EBIT came in at $488 million, up almost 24%. And net profit, impressively, up almost 36%. All in all, it gave us an operating cash flow of $2 billion. But as always, I'll leave it to Robert to give you all the good news. in the fourth quarter of 2025 driven by higher sales, increased gross margins, and relatively low growth in operating expenses. Gross sales in Q4 were 17.8 billion Norwegian krona, up 7.8% from last year. After adjusting for changes in currency rates, organic growth in constant currency was 4.7%. Hardware sales increased by sales increased by 5.4%. driven by higher sales in mobile devices. Software and cloud sales grew by 11%, with strong growth in sales of cloud solutions. Services same last year, based on higher demand for consulting and product support agreements. Net revenue, according to IFRS, was 11.3 billion Norwegian krona, up 6.1% from last year. Gross profit increased by 9.0% to 3.1 billion Norwegian krona. Gross margin was higher than last year due to an improved hardware margin and a higher proportion of software in the revenue mix. Operating expenses, excluding restructuring costs, grew by 6.6% to 2.6 billion Norwegian krona. Adjusted for currency movements, these costs grew by approximately 3.5% from last year. EBIT, before restructuring costs, increased by ...