Atea — Earnings Release 2026

Apr 28, 2026

Atea Q1 2026 financial report and presentation

Atea Q1 2026 financial report and presentation

Atea reported high profit growth in the first quarter, driven by strong demand

for hardware and software. In addition, Atea recognized a gain from the partial

sale of its AppXite subsidiary, as previously announced.

Gross sales in Q1 increased by 11.5% to NOK 14.8 billion. Hardware sales grew by

18.9%, software/cloud sales grew by 9.1%, and services sales grew by 0.1% from

last year.

Net revenue (IFRS) grew by 12.9% to NOK 9.7 billion. Gross profit was NOK 2,843

million, up 6.0% from last year. Atea's gross margin was 29.5% in Q1 2026, down

from 31.4% last year, due to an increased proportion of hardware in the revenue

mix.

EBIT grew by 69.5% to NOK 476 million. In Q1 2026, Atea recognized a gain of NOK

152 million from the sale of a majority stake in its AppXite subsidiary. EBIT

excluding this gain was NOK 324 million, up 15.4% from last year.

Profit before tax was NOK 460 million, up from NOK 209 million last year. Net

profit after tax was NOK 389 million, an increase from NOK 162 million last

year.

Atea CEO Steinar Sønsteby commented: "Atea had a very strong first quarter in a

volatile market environment. Hardware order volumes increased significantly as

customers sought to secure supply for their IT investments ahead of anticipated

component shortages. In addition, underlying demand for IT investment remains

robust. Atea is working closely with partners and customers to mitigate supply

challenges. Our scale, strategic partnerships, and solid balance sheet position

Atea as a stable and reliable supplier for customers during periods of market

volatility."

The interim report and presentation are available at:

www.atea.com/financial-reports/

A webcast of management's presentation of the financial results is available at:

www.atea.com/financial-reports/2026/webcast-q1-26/

For further information, please contact:

Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655

Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188

About Atea

Atea is the leading supplier of IT infrastructure in the Nordic and Baltic

regions. Atea is present in 88 cities with over 8,000 employees in Norway,

Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers hardware

and software from leading global vendors, and provides consulting and technical

services to support its customers with the design, implementation and operation

of their IT environments. Atea had revenue of approximately NOK 37 billion (EUR

3.2 billion) in 2025 and is listed on Oslo Stock Exchange. www.atea.com