Atea ASA (ATEAY) Q1 2026 Earnings Call Transcript
Atea ASA reported strong Q1 2026 results with gross sales reaching NOK 14.8 billion, up 11.5% year-over-year, driven by robust hardware and cloud sales. EBIT rose to NOK 476 million from NOK 281 million a year earlier, while net profit more than doubled to NOK 389 million. The company attributed growth to high demand for PCs, data center equipment, and cloud solutions, with significant orders added to backlog. Management called it the best quarter in the company's history.
- ▪Gross sales for Q1 2026 were NOK 14.8 billion, representing an 11.5% increase from the prior year.
- ▪Organic growth in constant currency was 10.7%, with minimal contribution from currency fluctuations.
- ▪Hardware sales grew 18.9%, fueled by strong shipments of PCs and data center equipment.
- ▪Software and cloud sales increased 9.1%, led by high demand for cloud solutions.
- ▪EBIT reached NOK 476 million, up from NOK 281 million in Q1 2025, marking the company's strongest quarterly performance to date.
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