Atea Reports Strong Q4 2024 Growth Amid Market Recovery

Atea ASA ( (ATAZF) ) has shared an announcement.

Atea reported significant growth in Q4 2024, with gross sales up by 14.9% to NOK 16.5 billion and a net profit increase to NOK 253 million. Despite challenges in sales margins due to competition, the company experienced strong demand across all product categories, driven by improved market conditions, new agreements, increased public sector spending, and heightened interest in sustainability, security, and AI solutions. This growth highlights Atea’s robust position in the IT infrastructure sector as it recovers from a cyclical downturn.

More about Atea ASA

Atea is the leading supplier of IT infrastructure in the Nordic and Baltic regions, with operations in 88 cities and nearly 8,000 employees across Norway, Sweden, Denmark, Finland, Lithuania, Latvia, and Estonia. The company provides hardware and software from global vendors, along with consulting and technical services to support the design, implementation, and operation of customers’ IT environments. As of 2024, Atea reported revenue of approximately NOK 35 billion and is listed on the Oslo Stock Exchange.

YTD Price Performance: 3.77%

Average Trading Volume: 1,390

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $1.43B

See more data about ATAZF stock on TipRanks’ Stock Analysis page.