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Atea ASA (ATEA.OL)

ATEA.OL on Oslo Stock Exchange

100.50NOK
26 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Atea Q2 EBITDA up 7.6 pct YoY
Friday, 14 Jul 2017 01:00am EDT 

July 14 (Reuters) - ATEA ASA ::REVENUE IN Q2 2017 WAS NOK 8,409 MILLION, A DECREASE OF 0.4% COMPARED WITH LAST YEAR​.‍A STRONGER NORWEGIAN KRONE RELATIVE TO OTHER NORDIC CURRENCIES NEGATIVELY IMPACTED REVENUE BY 1.5% COMPARED WITH LAST YEAR​.‍Q2 EBITDA WAS NOK 220 MILLION, AN INCREASE OF 7.6% FROM NOK 204 MILLION IN Q2 2016​.MANAGEMENT IS TARGETING AN EBIT IN Q3 2017 IN DENMARK WHICH IS IN LINE WITH THE PREVIOUS YEAR ‍​.FOR THE REMAINDER OF 2017, MANAGEMENT EXPECTS ATEA TO CONTINUE TO IMPROVE OPERATING PROFITS.  Full Article

Atea Q1 EBITDA ex. items NOK 199 mln, misses expectations
Thursday, 27 Apr 2017 01:00am EDT 

April 27 (Reuters) - ATEA ASA :Q1 REVENUE NOK 7.36 BILLION (REUTERS POLL NOK 7.31 BILLION).Q1 EBITDA EX. ITEMS NOK 199 MILLION (REUTERS POLL NOK 228 MILLION ).Q1 PRE-TAX PROFIT NOK 86 MILLION (REUTERS POLL NOK 112 MILLION).MANAGEMENT EXPECTS TO INCREASE EBITDA MARGIN IN 2017 THROUGH SELLING HIGHER MARGIN PRODUCTS AND SERVICES AND THROUGH CONTAINING OPERATING EXPENSES.IN 2017, MANAGEMENT EXPECTS ATEA TO CONTINUE TO GROW FASTER THAN THE OVERALL IT INFRASTRUCTURE MARKET, ALTHOUGH AT A SLOWER RATE THAN IN 2016.  Full Article

Atea Norway signs contract with 3 counties and 24 municipalities
Monday, 24 Apr 2017 02:00am EDT 

April 24 (Reuters) - ATEA ASA ::ATEA NORWAY SIGNS CONTRACT WITH 3 COUNTIES AND 24 MUNICIPALITIES.ATEA NORWAY SIGNS CONTRACT WITH COUNTIES BUSKERUD, TELEMARK AND VESTFOLD AND 24 MUNICIPALITIES FOR DELIVERY OF CLIENTS AND RELATED PRODUCTS.CONTRACT RUNS FOR 2 YEARS WITH AN OPTION FOR RENEWAL OF ADDITIONAL 2 YEARS WITH AN ESTIMATED ANNUAL VALUE OF NOK 85 MILLION.  Full Article

Atea Sweden concludes four framework agreements with Kammarkollegiet
Friday, 10 Mar 2017 09:12am EST 

Atea ASA : Atea Sweden has concluded four framework agreements with Kammarkollegiet . Atea and five other suppliers were awarded these frame agreements . Frame agreements run for 2 years, with an option for renewal of additional 2 years .Customers may order from frame agreements from March 10, 2017.  Full Article

Atea ASA: Charges withdrawn against Managing Director in Atea Denmark
Monday, 6 Mar 2017 01:30am EST 

Atea ASA : Said on Sunday public prosecutor in Denmark had withdrawn charge against Morten Felding, Managing Director of Atea A/S in Denmark .Morten Felding had been charged in corruption case in Denmark.  Full Article

Atea: corruption case involving former employees' actions
Friday, 3 Mar 2017 03:21am EST 

Atea ASA : Said on Thursday, Atea A/S (Atea Denmark) had, as legal entity, been prosecuted in corruption case involving former employees'actions . On March 2, Atea Denmark was presented with formal prosecution as the legally responsible entity, of bribery and embezzlement carried out by four former employees in company, in 2009-2014 . Prosecution against Atea Denmark was made simultaneously with the prosecution against the four persons involved . Said Atea is considering taking legal action against the former employees who have been prosecuted .CEO Steinar Sønsteby said: "Atea has, since June 2015, cooperated with the Danish prosecutors (SØIK) in the ongoing investigation, and Atea has also performed an internal investigation".  Full Article

Atea Q4 EBITDA ex. items at NOK 459 million, beats estimates
Wednesday, 8 Feb 2017 12:48am EST 

Atea ASA : Q4 revenue 9.1 billion Norwegian crowns ($1.09 billion) versus 8.8 billion crowns seen in Reuters poll . Q4 EBITDA ex. items 459 million crowns (Reuters poll 411 million crowns) . Q4 pre-tax profit 350 million crowns (Reuters poll 280 million crowns) . Proposes dividend of 6.50 crowns per share (Reuters poll: 6.52 crowns per share) . Expects continued growth in IT infrastructure market .  Full Article

Atea signs contract with annual value of up to NOK 50 million
Monday, 9 Jan 2017 01:32am EST 

Atea ASA : Atea Norway signs contract with Bodø and 11 other municipalities in Northern region of Norway . Contract runs for 4 years with an option for renewal of additional 2 years .Estimated annual value is of up to 50 million Norwegian crowns ($5.9 million).  Full Article

Atea Denmark unit signs contract with Agency for Modernisation Ministry of Finance
Friday, 6 Jan 2017 05:56am EST 

Atea ASA : Axcess A/S - subsidiary of Atea Denmark signs a framework agreement for sale of network components, related products and services through the public procurement program of the Agency for Modernisation Ministry of Finance . Agreement runs for 2 years with an option for renewal of additional 2 years with an estimated annual contract value of 125 million Danish crowns ($17.84 million) .Framework agreement is won together with two other vendors, but axcess is only vendor that can deliver full range of cisco products and services.  Full Article

Atea Denmark signs contract with JN Data A/S
Tuesday, 8 Nov 2016 02:59am EST 

Atea ASA : Atea Denmark signs contract with JN Data A/S . Contract runs for 5 years with option for renewal of additional 2 years .Estimated annual contract value of 100 million - 125 million Norwegian crowns ($12.16 million - $15.20 million).  Full Article

BRIEF-Atea Q2 EBITDA up 7.6 pct YoY

* REVENUE IN Q2 2017 WAS NOK 8,409 MILLION, A DECREASE OF 0.4% COMPARED WITH LAST YEAR​