Atea ASA (ATEAY) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.277 Welcome to the Q4 and 2025 numbers 00:00:05.277 -- 00:00:10.882 from the Atea Group. Welcome to icy cold Oslo, 00:00:10.882 -- 00:00:14.824 a beautiful winter day. 00:00:15.547 -- 00:00:20.653 It has been a challenging year, but a very rewarding year for 00:00:20.653 -- 00:00:24.617 everybody in the ecosystem of Atea. 00:00:24.617 -- 00:00:29.626 It's been a year of good results. and we'll soon take you through 00:00:29.626 -- 00:00:34.773 all of them. But it's also been a year where we've been doing 00:00:34.773 -- 00:00:36.936 massive investments 00:00:36.936 -- 00:00:43.462 in the future of Altea, and we'll touch on some of those too. 00:00:43.865 -- 00:00:49.192 Diving into Q4 first, we had a gross sales of 17.8 00:00:49.192 -- 00:00:52.874 billion, up almost 8%. 00:00:53.997 -- 00:00:55.479 EBIT 00:00:55.479 -- 00:01:00.808 came in at $488 million, up almost 24%. And 00:01:00.808 -- 00:01:05.814 net profit, impressively, up almost 36%. 00:01:06.558 -- 00:01:11.867 All in all, it gave us an operating cash flow of $2 00:01:11.867 -- 00:01:13.650 billion. 00:01:13.650 -- 00:01:19.316 But as always, I'll leave it to Robert to give you all the good news. 00:01:26.178 -- 00:01:31.302 in the fourth quarter of 2025 driven by higher sales, increased gross 00:01:31.302 -- 00:01:36.125 margins, and relatively low growth in operating expenses. 00:01:36.287 -- 00:01:41.671 Gross sales in Q4 were 17.8 billion Norwegian krona, up 7.8% 00:01:41.671 -- 00:01:43.793 from last year. 00:01:43.793 -- 00:01:49.057 After adjusting for changes in currency rates, organic growth in constant currency was 00:01:49.057 -- 00:01:51.057 4.7%. 00:01:52.040 -- 00:01:56.198 Hardware sales increased by sales increased by 5.4%. 00:01:56.198 -- 00:02:00.061 drive...