Last 71.75 NOK
Change Today -0.25 / -0.35%
Volume 14.3K
As of 10:25 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

atea asa (ATEA) Snapshot

Open
71.75 NOK
Previous Close
72.00 NOK
Day High
72.25 NOK
Day Low
71.75 NOK
52 Week High
07/29/14 - 76.75 NOK
52 Week Low
12/16/13 - 55.50 NOK
Market Cap
7.5B
Average Volume 10 Days
67.7K
EPS TTM
3.63 NOK
Shares Outstanding
104.0M
EX-Date
10/17/14
P/E TM
19.8x
Dividend
6.00 NOK
Dividend Yield
13.94%
Current Stock Chart for ATEA ASA (ATEA)

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atea asa (ATEA) Details

Atea ASA supplies information technology infrastructure products and services in the Nordic Countries and Baltic States. It offers hardware and software products, and consulting services, as well as service agreements in the infrastructure area. The company provides PCs, tablets, and smartphones; server, data storage, virtualization, and management products; communication and networking products; and video and Web conferencing, IP telephony, and AV solutions. It also operates eSHOP, an e-commerce system that provides access to information on various products, such as price comparisons, inventory, and delivery times. In addition, the company provides financing services; logistics, recycling, and configuration services; and software and software asset management solutions. Further, it offers services in the areas of data centers, networks, collaboration, AV, project management, cabling, installation and roll-out projects, client management and operations, technical and hosting services, service desks, configuration and delivery services, and operation and management of applications. The company operates primarily in Norway, Sweden, Denmark, Finland, Lithuania, Latvia, and Estonia. Atea ASA was founded in 1968 and is headquartered in Oslo, Norway.

6,155 Employees
Last Reported Date: 07/15/14
Founded in 1968

atea asa (ATEA) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 3.8M NOK
Managing Director of Atea Sweden
Total Annual Compensation: kr2.3M
Managing Director of Atea Norway
Total Annual Compensation: 1.9M NOK
Managing Director of Atea Finland
Total Annual Compensation: €276.0K
Managing Director of Atea Baltics
Total Annual Compensation: $229.0K
Compensation as of Fiscal Year 2013.

atea asa (ATEA) Key Developments

Atea ASA Announces Earnings Results for the Second Quarter and First Half Year of 2014

Atea ASA announced earnings results for the second quarter and first half year of 2014. In the second quarter of 2014, Atea reported revenue of NOK 5,981 million, corresponding to a growth of 8.7% compared with the second quarter of 2013. Hardware revenue increased by 9.9%, services revenue increased by 0.8%, and software revenue was up by impressive 13.0%. EBITDA improved 26.0% in the second quarter of 2014, and ended at NOK 177 million, up from NOK 140 million in the second quarter of 2013. The cash flow from operations improved NOK 291 million from NOK 158 million in the second quarter last year to NOK 449 million this year due to the increased cash earnings and working capital improvements. Profit from continued operations was NOK 54.8 million, or NOK 0.52 per diluted share, for the second quarter ended June 30, 2014, compared to NOK 38.6 million, or NOK 0.38 per diluted share, for the same quarter ended June 30, 2013. In the first half of 2014, Atea reported revenue of NOK 11,866 million corresponding to a growth of 12.1%. EBITDA for the first six months of 2014 was NOK 358 million corresponding to a growth of 27.1%, and cash flow from operations has improved NOK 373 million compared to the same period last year. Profit from continued operations was NOK 125.4 million, or NOK 1.21 per diluted share, compared to NOK 91.7 million, or NOK 0.90 per diluted share, for the same period ended June 30, 2013.

Atea AS Receives Contract from Oslo Municipality for Clients and Displays Delivery

Atea AS has received a contract from the municipality of Oslo for the delivery of clients and displays. The frame agreement runs for one year with an option to extend to a further three years and has an estimated annual value of NOK 100 million. The agreement will have effect from 1 June 2014.

Atea ASA Announces Dividend for the Year 2013

Atea ASA at its AGM held on April 29, 2014, the board of directors resolved to distribute the dividend for the year 2013 of NOK 620,548,116, which provides a dividend of NOK 6.00 for each of the company’s 103,424,686 shares. NOK 310,274,058 of the dividend shall be distributed to the shareholders of the company as of the date of the General meeting (corresponding to NOK 3.00 per share). The shares are traded exclusive of dividend as of April 30, 2014. Payment of the dividend will be made within May 12, 2014. NOK 3.00 of the dividend is distributed to the shareholders of the company as of October 16, 2014. The shares are traded exclusive of dividend as of October 17, 2014. Payment of the dividend will be made within October 28, 2014.

 

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Industry Analysis

ATEA

Industry Average

Valuation ATEA Industry Range
Price/Earnings 19.1x
Price/Sales 0.3x
Price/Book 2.1x
Price/Cash Flow 9.8x
TEV/Sales 0.2x
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