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