Atea continues to gain market share and reports strong cash flow

Atea ASA / Atea continues to gain market share and reports strong cash flow . 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, continued to gain market share in the fourth quarter of 2012 and reports a record strong cash flow. In the fourth quarter of 2012, Atea reported revenue of MNOK 6,321, corresponding to a decline of 0.9% in constant currency compared with the fourth quarter of 2011. Software revenue increased by an impressive 10.2% in constant currency, services revenue increased by 7.4%, whereas hardware was down by 7.4%. EBITDA in the fourth quarter of 2012 ended at MNOK 348 and the cash flow from operations was a record high of MNOK 1,130 bringing the company to a net cash positive position of MNOK 49. Based on the strong cash flow and balance sheet position the Board of Directors will propose to the Annual General Assembly to increase the dividend to NOK 5.50 per share. The uncertain macroeconomic situation in Europe has continued to impact the Nordic IT infrastructure market, which according to IDC was down 4.2% in the fourth quarter of 2012. The tougher market conditions have led to a decline in the hardware market of 8.3%, where especially the client and server markets have been affected with negative growth rates in excess of 15%. "I am pleased to see that despite the tougher market conditions in the fourth quarter we have continued gaining market share and generated a strong cash flow," says Claus Hougesen, CEO of Atea. The full-year revenue in 2012 was NOK 20.9 billion, up 5.2% in constant currency compared with 2011 and the highest in the company's history. EBITDA for the year ended at MNOK 822 corresponding to a margin of 3.9%. The interim report and presentation are available at The press conference is available via webcast at The Stock Exchange Announcement is available at 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 and has approximately 6,300 employees. Atea is present in 82 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 21 billion in 2012 and is listed on Oslo Stock Exchange. Atea Q4 2012 Interim 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#1676270]