Atea reports revenue growth of 30.2% and EBIT growth of 44.1%.

Atea ASA / Atea reports revenue growth of 30.2% and EBIT growth of 44.1%. . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement. Atea, the number one supplier of IT infrastructure products and services in the Nordic and Baltic region, today announced its results for the first quarter 2011 which shows a revenue of MNOK 4,647.9, up 30.2% and EBIT of MNOK 109.7 up 44.1%. While total revenue in Q1 2011 increased by 30.2%, hardware revenue increased as much as 34.8%, services was up by 36.6% and software was up by 10.0%. "I am very pleased to see that we have been able to continue our high growth rate into 2011. The fact that we have been able to grow 30.2% in the quarter in a market which according to IDC will grow 6.3% this year shows that Atea continues to gain considerable market shares. The combination of strong organic growth, growth through acquisitions and increased earnings, further strengthen our position in the market," says Claus Hougesen, CEO in Atea. EBITDA in Q1 2011 ended at MNOK 161.1 up 34.6% and the EBITDA margin was 3.5%. EBIT in the quarter ended at MNOK 109.7 up 44.1% and the margin was 2.4%. The improvement in results is primarily caused by the strong revenue growth. In Q1 2011 Atea announced two acquisitions. In Sweden Atea acquired Malux Data AB with a strong local market position in the Örnsköldsvik area in the Northern part of Sweden and in Denmark Atea acquired the specialized storage, backup and archiving company SCT. Significant IT infrastructure solutions, such as Unified Communications, Mobility, Virtualization, Cloud Solutions, Datacenter Solutions, Software Asset Management, Device Lifecycle Management, Print/Copy, Green IT and Consumerization, areas in which Atea has invested and have a strong foothold, will also be important growth areas going forward. "With continuous high ambitions and a firm focus on cost and EBITDA margin, the goal is to deliver further growth and profit. We maintain our ambition to deliver operating revenue of NOK 20 billion and EBITDA of NOK 1 billion in 2011," says Claus Hougesen. The quarterly report and presentation is available at The press conference is available through webcast The Stock Exchange Announcement is available For further information, please contact: Claus Hougesen, CEO Atea ASA, mobile + 45 3078 1200 Rune Falstad, CFO Atea ASA, mobile + 47 906 14 482 About Atea Atea is the leading Nordic and Baltic supplier of IT infrastructure with approximately 5400 employees. Atea is present in 79 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assists its customers with specialist competencies within IT infrastructure services. Atea had revenue of approximately NOK 17 billion in 2010 and is listed on Oslo Stock --- End of Message --- Atea ASA PB. 6472 Etterstad Oslo Norway Listed: Freiverkehr in Börse Stuttgart, Freiverkehr in Börse Berlin, Open Market (Freiverkehr) in Frankfurter Wertpapierbörse, Freiverkehr in Bayerische Börse München; Q1-11 Report: This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Atea ASA via Thomson Reuters ONE [HUG#1509976]