Atea ASA (STU:MKL)

€ 11.82 0.28 (2.43%) Market Cap: 1.34 Bil Enterprise Value: 1.49 Bil PE Ratio: 20.23 PB Ratio: 3.75 GF Score: 76/100

Q2 2024 Atea ASA Earnings Call Transcript

Jul 12, 2024 / 06:00AM GMT

Release Date Price: €12.72 (-1.09%)

Transcript

Steinar Sonsteby

Atea ASA - Chief Executive Officer

Welcome to the Q2 presentation of the Atea numbers here in downtown and sunny, I should say, Oslo. The world is becoming more and more influenced by technology every day, but it's also becoming more complex and unpredictable as we can all see around us and of course, so also for Atea.

The numbers. Gross sales came in about where we expected it at NOK14.7 billion. EBIT came in at NOK243 million, somewhat below what we expected. The cash flow was really strong in this quarter, as Robert alluded to in the Q1 presentation, and came in at NOK665 million, some NOK350 million higher than same quarter last year.

Cash is king, as we can all see that interest rates will be kept higher for longer and we are competing against companies that doesn't have as strong a balance sheet as we do. But as always, I'll leave it to Robert to give you all the details.

Robert Giori

Atea ASA - Chief Financial Officer

Thank you, Steinar. As Steinar mentioned, Atea reported gross sales of NOK14.7 billion last year in

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