Atea ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 12, 2024 at 01:39 pm IST
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Atea ASA reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was NOK 8,380 million compared to NOK 8,870 million a year ago. Net income was NOK 139 million compared to NOK 194 million a year ago. Basic earnings per share from continuing operations was NOK 1.24 compared to NOK 1.75 a year ago. Diluted earnings per share from continuing operations was NOK 1.23 compared to NOK 1.73 a year ago.
For the six months, sales was NOK 15,986 million compared to NOK 17,561 million a year ago. Net income was NOK 330 million compared to NOK 369 million a year ago. Basic earnings per share from continuing operations was NOK 2.96 compared to NOK 3.33 a year ago. Diluted earnings per share from continuing operations was NOK 2.93 compared to NOK 3.3 a year ago.
Atea ASA is a Norway-based holding company that provides a range of services to its subsidiaries. The Companyâs subsidiaries are engaged in the provision of Information Technology (IT) infrastructure products and services for businesses and public-sector organizations in Europe. They offer a range of hardware and software products as well as Information Technology (IT) infrastructure support and advice to the companies within the technology sector. Atea ASAâs operations are divided into six segments: Norway, Sweden, Denmark, Finland and The Baltics segments, that reflect the Companyâs operation range as well as the Shared Services segment. Atea ASA operates through several subsidiaries, including Atea Holding OY, Atea Global Services SIA, Atea Holding AB and Atea Baltic UAB.