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2014-04-29

Atea ASA: Atea reports improved revenue, earnings and cash flow

Atea ASA / Atea reports improved revenue, earnings and cash flow. Processed
and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely
responsible for the content of this announcement.
Atea, the number one supplier of IT infrastructure products and services in
the Nordic and Baltic region, reports improved revenue and earnings in the
first quarter of 2014.

In the first quarter of 2014, Atea reported revenue of NOK 5,884 million,
corresponding to growth of 15.7% compared with the first quarter of 2013.
Hardware revenue increased by 14.5%, services revenue increased by 13.1%, and
software revenue was up by an impressive 21.7%.

"I am especially pleased to see growth of 18.6% in contracted services. This
proves that our customers are appreciating our concepts within
IT-as-a-service and cloud," says Steinar Sønsteby, CEO of Atea.

EBITDA in the first quarter of 2014 ended at NOK 180 million, up from NOK 140
million in the first quarter of 2013. The EBITDA result corresponds to an
EBITDA margin of 3.1% for the quarter, up from 2.8% last year.

"I am very pleased to see EBITDA growth of 28%. The impressive EBITDA
improvement has been achieved through a combination of revenue growth and
positive effects on operational costs from our operational efficiency
programme," says Sønsteby.

The cash flow from operations improved NOK 83 million from last year due to
increased cash earnings and working capital improvements.

Atea will continue to invest in customer relevance. This means developing
concepts and solutions for a future where customers will challenge the IT
companies to utilize the technology in new ways to improve the outcome for
the customer. Atea continues to improve its position in an
ever-faster-changing market environment.
The interim report and presentation are available atwww.atea.com/reports
The press conference is available via webcast atwww.atea.com/webcast

The Stock Exchange Announcement is available atwww.atea.com/ose
For further information, please contact:
Steinar Sønsteby, CEO Atea ASA, mobile +47 930 55 655
Rune Falstad, CFO Atea ASA, mobile +47 906 14 482

About Atea

Atea is the leading Nordic and Baltic supplier of IT infrastructure and has
approximately 6,100 employees. Atea is present in 83 cities in Norway,
Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT
products from leading vendors and assists its customers with specialist
competencies within IT infrastructure services. Atea had revenue of more than
NOK 22 billion in 2013 and is listed on Oslo Stock Exchange.
www.atea.com

Atea Q1 2014 Interim Report
http://hugin.info/85/R/1780813/608990.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Atea ASA via Globenewswire

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