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Atea ASA: Atea reports strong growth in revenue and profitability in Q1 2015

Atea ASA / Atea reports strong growth in revenue and profitability in Q1 2015.
Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is
solely responsible for the content of this announcement.
Atea, the leading supplier of IT infrastructure and system integration in the
Nordic and Baltic regions, reports strong growth in revenue and profitability
in the first quarter of 2015. Both revenue and operating profits were at
record high levels for the first quarter of the year.

Atea reported revenue of NOK 6,498 million in Q1 2015, an increase of 10.4%
compared with last year. EBITDA before option and restructuring expenses
increased by 12.1% to NOK 202 million, up from NOK 180 million in the
corresponding quarter last year. Cash flow from operations was seasonally
strong with NOK 25 million, up from NOK -149 million last year.

"Atea had strong growth in revenue and EBITDA in the first quarter of 2015,
with increased sales and improved margins across all lines of business. Cash
flow from operations also showed solid improvement, based on effective
working capital management", commented Steinar Sønsteby, CEO of Atea.

In April 2015, Atea completed the acquisition of Baltneta, which is a leading
cloud and outsourcing provider in Lithuania.Cloud is a strategic business
area for Atea, and the acquisition enables Atea to offer its customers
state-of-the-art data center services from the Baltic region.

Atea expects continued growth in the IT infrastructure market, as
organizations invest in new IT solutions to enhance productivity. This
adoption of new technologies is creating greater complexity for IT
departments, and driving increased demand for specialist competence in IT
infrastructure and system integration. This trend strongly benefits Atea, as
a system integrator with expertise across multiple product platforms.

Based on its leading market position and competitive advantages as an IT
infrastructure and system integration specialist, Atea is becoming an ever
more important partner to customers across the Nordic and Baltic regions, and
is well-positioned to capture the long-term growth opportunities within the
IT infrastructure market.
The interim report and presentation are available
The press conference is available via webcast

The Stock Exchange Announcement is available
For further information, please contact:

Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188


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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