Declared Dividend • May 27
Dividend of kr3.75 announced Shareholders will receive a dividend of kr3.75. Ex-date: 18th November 2026 Payment date: 24th November 2026 Dividend yield will be 28%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 1.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Saloume Djoudat was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 30
Atea ASA Announces Election of Employee Representatives and Deputy Board Members, Effective April 28, 2026 Atea ASA announced the result of the election of employee representatives to the Board. The result of the election was as follows: Christoffer Besler Hansen and Eugenie Bakous were elected as employee representatives. The following deputy board members were elected: Truls Berntsen, Nelly Flatland, Arild Fevang, Elisabeth Palmgren, and Marianne Johannessen. The term of office for the new employee representatives starts from April 28, 2026 and expires following the Annual General Meeting in 2028. Aankondiging • Mar 31
Atea ASA Recommends Ordinary Dividend, Payable on 26 May 2026 and 24 November 2026 Atea ASA at its Annual General Meeting will be held on 28 April 2026, Board of Directors recommends an ordinary dividend payment of NOK 7.50 per share, to be paid in two equal installments of NOK 3.75 per share in May and November 2026. A first dividend payment of NOK 3.75 shall be distributed for each of the company's shares to the shareholders as of the record date of 21 May 2026. The shares shall be traded exclusive of dividend as of 20 May 2026. Payment of the dividend will take place within 26 May 2026. A second dividend payment of NOK 3.75 shall be distributed for each of the company's shares to the shareholders as of the record date of 19 November 2026. The shares shall be traded exclusive of dividend as of 18 November 2026. Payment of the dividend will take place within 24 November 2026. Aankondiging • Feb 11
Atea ASA Proposes Annual Dividend for the Year 2025 Based on higher profit, strong cash flow and a healthy balance sheet, the Board of Atea ASA will propose to the 2026 AGM an increase in the annual dividend to NOK 7.50 per share. The dividend represents a payout of approximately 95% of Atea's net profit after tax in 2025. Aankondiging • Dec 30
Aries Global Software Limited entered into an agreement to acquire 51% stake in AppXite SiA from Atea ASA (OB:ATEA) for €10.7 million. Aries Global Software Limited entered into an agreement to acquire 51% stake in AppXite SiA from Atea ASA (OB:ATEA) for €10.7 million on December 29, 2025. Following the acquisition, Atea ASA will retain 41% of shares in AppXite SiA. Aankondiging • Oct 07
Atea ASA, Annual General Meeting, Apr 28, 2026 Atea ASA, Annual General Meeting, Apr 28, 2026. Aankondiging • Aug 18
Atea ASA (OB:ATEA) announces an Equity Buyback. Atea ASA (OB:ATEA) commences share repurchases on August 18, 2025, under the program mandated by the shareholders in the Annual General Meeting held on April 29, 2025. As per the mandate, the company is authorized to repurchase up to a nominal value of NOK 10 million worth of its shares. The maximum price that will be paid for an own shares is NOK 250 per share and the minimum price which the company will pay for its own share is NOK 1 per share (the nominal value). The program shall be valid until the next Annual General Meeting in 2025, but no later than June 30, 2026. As of March 21, 2024, the company had 112,384,093 shares in issue and 946,141 treasury shares. Upcoming Dividend • Nov 13
Upcoming dividend of kr3.50 per share Eligible shareholders must have bought the stock before 20 November 2024. Payment date: 26 November 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.1%). Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: kr1.72 (vs kr1.64 in 3Q 2023) Third quarter 2024 results: EPS: kr1.72 (up from kr1.64 in 3Q 2023). Revenue: kr7.98b (up 3.1% from 3Q 2023). Net income: kr192.0m (up 5.5% from 3Q 2023). Profit margin: 2.4% (in line with 3Q 2023). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 14
Second quarter 2024 earnings released: EPS: kr1.24 (vs kr1.75 in 2Q 2023) Second quarter 2024 results: EPS: kr1.24 (down from kr1.75 in 2Q 2023). Revenue: kr8.38b (down 5.5% from 2Q 2023). Net income: kr139.0m (down 28% from 2Q 2023). Profit margin: 1.7% (down from 2.2% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • May 23
Dividend of kr3.50 announced Shareholders will receive a dividend of kr3.50. Ex-date: 20th November 2024 Payment date: 26th November 2024 Dividend yield will be 30%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio) nor is it covered by cash flows (178% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 5.8% to bring the payout ratio under control. EPS is expected to grow by 63% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Upcoming Dividend • May 15
Upcoming dividend of kr3.50 per share Eligible shareholders must have bought the stock before 22 May 2024. Payment date: 28 May 2024. Payout ratio is on the higher end at 95%, and the cash payout ratio is above 100%. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.3%). Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr1.72 (vs kr1.58 in 1Q 2023) First quarter 2024 results: EPS: kr1.72 (up from kr1.58 in 1Q 2023). Revenue: kr7.61b (down 13% from 1Q 2023). Net income: kr192.0m (up 9.7% from 1Q 2023). Profit margin: 2.5% (up from 2.0% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: kr7.21 (vs kr7.64 in FY 2022) Full year 2023 results: EPS: kr7.21 (down from kr7.64 in FY 2022). Revenue: kr34.7b (up 7.1% from FY 2022). Net income: kr800.0m (down 5.7% from FY 2022). Profit margin: 2.3% (down from 2.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Aankondiging • Mar 22
Atea ASA Proposes Cash Dividend with Two Payments, Payable on May 28, 2024 and November 26, 2024 The Board of Atea ASA has proposed cash dividend with two payments, NOK 3.50 per share, payable on May 28, 2024. Record date is May 23, 2024. Ex-date is May 22, 2024. Last day including right is May 21, 2024. Date of approval is April 21, 2024. NOK 3.50 per share, payable on November 26, 2024. Record date is November 21, 2024. Ex-date is November 20, 2024. Last day including right is November 19, 2024. Date of approval is April 21, 2024. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: kr7.22 (vs kr7.64 in FY 2022) Full year 2023 results: EPS: kr7.22 (down from kr7.64 in FY 2022). Revenue: kr34.7b (up 7.1% from FY 2022). Net income: kr800.0m (down 5.7% from FY 2022). Profit margin: 2.3% (down from 2.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Aankondiging • Nov 17
Atea ASA Has Proposes Cash Dividend, Payable on November 28, 2023 The Board of Atea ASA has proposed a cash dividend NOK 3.125 per share, payable on November 28, 2023. Ex-date is November 20, 2023. Record date is November 21, 2023. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €9.33, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the IT industry in Germany. Total returns to shareholders of 9.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.45 per share. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: kr1.64 (vs kr1.76 in 3Q 2022) Third quarter 2023 results: EPS: kr1.64 (down from kr1.76 in 3Q 2022). Revenue: kr7.74b (down 4.2% from 3Q 2022). Net income: kr182.0m (down 7.1% from 3Q 2022). Profit margin: 2.4% (in line with 3Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 20
Insider recently bought €242k worth of stock On the 18th of July, Ib Kunoe bought around 20k shares on-market at roughly €12.12 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.0m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 19
Second quarter 2023 earnings released: EPS: kr1.75 (vs kr1.99 in 2Q 2022) Second quarter 2023 results: EPS: kr1.75 (down from kr1.99 in 2Q 2022). Revenue: kr8.87b (up 17% from 2Q 2022). Net income: kr194.0m (down 13% from 2Q 2022). Profit margin: 2.2% (down from 2.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 10
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €16.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 26% in the next 2 years. Buying Opportunity • May 25
Now 20% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be €15.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 27% in the next 2 years. Board Change • May 14
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Saloume Djoudat was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 21
Upcoming dividend of kr3.13 per share at 4.9% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 11 May 2023. Payout ratio and cash payout ratio are on the higher end at 82% and 97% respectively. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.1%). Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: kr7.64 (vs kr6.85 in FY 2021) Full year 2022 results: EPS: kr7.64 (up from kr6.85 in FY 2021). Revenue: kr32.4b (up 14% from FY 2021). Net income: kr848.0m (up 12% from FY 2021). Profit margin: 2.6% (down from 2.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 15
Chief Financial Officer recently sold €87k worth of stock On the 9th of February, Robert Giori sold around 8k shares on-market at roughly €10.85 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: kr7.64 (vs kr6.87 in FY 2021) Full year 2022 results: EPS: kr7.64 (up from kr6.87 in FY 2021). Revenue: kr32.4b (down 22% from FY 2021). Net income: kr851.0m (up 12% from FY 2021). Profit margin: 2.6% (up from 1.8% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Aankondiging • Feb 10
Atea ASA Proposes Dividend Atea ASA will propose for the general assembly to increase the dividend from NOK 5.5 to NOK 6.25 per year with 2 installments in the same way and process as many years. Buying Opportunity • Feb 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €12.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to decline by 0.8% in 2 years. Earnings is forecast to grow by 22% in the next 2 years. Upcoming Dividend • Nov 08
Upcoming dividend of kr2.75 per share Eligible shareholders must have bought the stock before 15 November 2022. Payment date: 23 November 2022. Payout ratio is a comfortable 71% and the cash payout ratio is 80%. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.9%). Aankondiging • Oct 28
Atea ASA (OB:ATEA) commences an Equity Buyback Plan, under the authorization approved on April 28, 2022. Atea ASA (OB:ATEA) commences share repurchases on October 26, 2022, under the program mandated by the shareholders in the Annual General Meeting held on April 28, 2022. As per the mandate, the company is authorized to repurchase up to a nominal value of NOK 10 million worth of its shares. The maximum price that will be paid for an own shares is NOK 250 per share and the minimum price which the company will pay for its own share is NOK 1 per share (the nominal value). The program shall be valid until the next Annual General Meeting in 2023, but no later than June 30, 2023. As of March 17, 2022, the company had 112,384,093 shares in issue and 926,315 treasury shares.
On October 24, 2022, the company announced a share repurchase program. Under the program, the company will repurchase up to 800,000 shares for NOK 100 million. The program will commence on October 26 and continue until December 31, 2022 or until the maximum number of shares has been repurchased. The maximum price to be paid per share under the program is NOK 140. Repurchased shares will be used to fulfill the company's obligations under its share-based compensation agreements. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: kr1.76 (vs kr1.66 in 3Q 2021) Third quarter 2022 results: EPS: kr1.76 (up from kr1.66 in 3Q 2021). Revenue: kr8.08b (down 5.2% from 3Q 2021). Net income: kr196.0m (up 5.4% from 3Q 2021). Profit margin: 2.4% (up from 2.2% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 10% p.a. on average during the next 2 years, while revenues in the IT industry in Germany are expected to grow by 10%. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Oct 20
Atea Asa Proposes Cash Dividend, Payable on November 23, 2022 The Board of Atea ASA has proposed a cash dividend of NOK 2.75 per share. Ex-date is November 15, 2022. Record date is November 16, 2022 and Payable on November 23, 2022. Recent Insider Transactions • Sep 21
Independent Chairman of the Board recently bought €850k worth of stock On the 19th of September, Ib Kunoe bought around 86k shares on-market at roughly €9.82 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Ib has been a buyer over the last 12 months, purchasing a net total of €10m worth in shares. Reported Earnings • Jul 15
Second quarter 2022 earnings released: EPS: kr1.99 (vs kr1.27 in 2Q 2021) Second quarter 2022 results: EPS: kr1.99 (up from kr1.27 in 2Q 2021). Revenue: kr7.59b (up 13% from 2Q 2021). Net income: kr222.0m (up 56% from 2Q 2021). Profit margin: 2.9% (up from 2.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 28% compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Aankondiging • Jun 22
Atea ASA (OB:ATEA) agreed to acquire IT consulting operations of Human IT Sverige AB from Human It-Consulting Sverige Ab. Atea ASA (OB:ATEA) agreed to acquire IT consulting operations of Human IT Sverige AB from Human It-Consulting Sverige Ab on June 21, 2022. The acquired operations of Human IT had revenue of approximately SEK 60 million in 2021. In sum, approximately 50 IT consultants will join the Atea Sweden organization. Recent Insider Transactions • Jun 15
Independent Chairman of the Board recently bought €1.1m worth of stock On the 13th of June, Ib Kunoe bought around 109k shares on-market at roughly €9.91 per share. In the last 3 months, they made an even bigger purchase worth €2.6m. Ib has been a buyer over the last 12 months, purchasing a net total of €14m worth in shares. Recent Insider Transactions • May 21
Independent Chairman of the Board recently bought €2.6m worth of stock On the 18th of May, Ib Kunoe bought around 250k shares on-market at roughly €10.49 per share. This was the largest purchase by an insider in the last 3 months. Ib has been a buyer over the last 12 months, purchasing a net total of €13m worth in shares. Recent Insider Transactions • May 08
Independent Chairman of the Board recently bought €1.4m worth of stock On the 5th of May, Ib Kunoe bought around 125k shares on-market at roughly €11.11 per share. This was the largest purchase by an insider in the last 3 months. Ib has been a buyer over the last 12 months, purchasing a net total of €5.8m worth in shares. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: kr1.17 (vs kr1.16 in 1Q 2021) First quarter 2022 results: EPS: kr1.17 (up from kr1.16 in 1Q 2021). Revenue: kr6.91b (down 31% from 1Q 2021). Net income: kr131.0m (up 2.3% from 1Q 2021). Profit margin: 1.9% (up from 1.3% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 3.3%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Apr 22
Upcoming dividend of kr2.75 per share Eligible shareholders must have bought the stock before 29 April 2022. Payment date: 19 May 2022. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 4.4%. Within top quartile of German dividend payers (3.8%). Higher than average of industry peers (1.3%). Aankondiging • Apr 06
Atea ASA (OB:ATEA) acquired Gambit Group. Atea ASA (OB:ATEA) acquired Gambit Group on April 4, 2022. The parties have agreed that transaction terms shall remain confidential.
Atea ASA (OB:ATEA) completed the acquisitions of Gambit Group on April 4, 2022. Recent Insider Transactions • Feb 11
Chief Financial Officer recently sold €1.2m worth of stock On the 8th of February, Robert Giori sold around 83k shares on-market at roughly €13.89 per share. This was the largest sale by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Reported Earnings • Feb 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr6.86 (up from kr5.36 in FY 2020). Revenue: kr41.3b (up 4.6% from FY 2020). Net income: kr763.0m (up 29% from FY 2020). Profit margin: 1.8% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 2.7%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 09
Atea Asa Proposes Dividend for the Full Year 2021 Atea ASA proposes dividend of NOK 5.50 per share at the next Annual General Meeting. This proposed dividend is 10% higher than the dividend payment of NOK 5.00 in 2021. Upcoming Dividend • Nov 03
Upcoming dividend of kr2.50 per share Eligible shareholders must have bought the stock before 10 November 2021. Payment date: 18 November 2021. Trailing yield: 3.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.8%). Reported Earnings • Oct 22
Third quarter 2021 earnings released: EPS kr1.66 (vs kr1.36 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr8.53b (up 4.2% from 3Q 2020). Net income: kr186.0m (up 25% from 3Q 2020). Profit margin: 2.2% (up from 1.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. Recent Insider Transactions • Sep 23
Chairman of the Board recently bought €1.7m worth of stock On the 21st of September, Ib Kunoe bought around 112k shares on-market at roughly €14.97 per share. In the last 3 months, they made an even bigger purchase worth €2.5m. Ib has been a buyer over the last 12 months, purchasing a net total of €28m worth in shares. Recent Insider Transactions • Jul 22
Chairman of the Board recently bought €2.5m worth of stock On the 19th of July, Ib Kunoe bought around 167k shares on-market at roughly €15.26 per share. In the last 3 months, they made an even bigger purchase worth €6.5m. Ib has been a buyer over the last 12 months, purchasing a net total of €26m worth in shares. Reported Earnings • Jul 17
Second quarter 2021 earnings released: EPS kr1.27 (vs kr1.37 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: kr10.9b (up 3.1% from 2Q 2020). Net income: kr142.0m (down 6.0% from 2Q 2020). Profit margin: 1.3% (down from 1.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year. Recent Insider Transactions • May 11
Chairman of the Board recently bought €6.5m worth of stock On the 7th of May, Ib Kunoe bought around 427k shares on-market at roughly €15.11 per share. This was the largest purchase by an insider in the last 3 months. Ib has been a buyer over the last 12 months, purchasing a net total of €24m worth in shares. Reported Earnings • May 01
First quarter 2021 earnings released: EPS kr1.16 (vs kr0.055 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr10.00b (up 11% from 1Q 2020). Net income: kr197.0m (up kr191.0m from 1Q 2020). Profit margin: 2.0% (up from 0.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Aankondiging • Apr 30
Atea ASA Approves Cash Dividend, Payable Within May 20, 2021 Atea ASA announced that at the AGM held on April 29, 2021, the company approved cash dividend of NOK 2.50 per share. The shares shall be traded exclusive of dividend as of April 30, 2021. Payment of the dividend will take place with in May 20, 2021. Upcoming Dividend • Apr 24
Upcoming dividend of kr2.50 per share Eligible shareholders must have bought the stock before 30 April 2021. Payment date: 20 May 2021. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.2%). Reported Earnings • Mar 21
Full year 2020 earnings released: EPS kr5.36 (vs kr4.82 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr39.5b (up 7.8% from FY 2019). Net income: kr590.0m (up 11% from FY 2019). Profit margin: 1.5% (up from 1.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Is New 90 Day High Low • Feb 25
New 90-day high: €14.18 The company is up 29% from its price of €11.00 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.10 per share. Recent Insider Transactions • Feb 13
Chairman of the Board recently bought €16m worth of stock On the 11th of February, Ib Kunoe bought around 1m shares on-market at roughly €13.40 per share. This was the largest purchase by an insider in the last 3 months. Ib has been a buyer over the last 12 months, purchasing a net total of €18m worth in shares. Reported Earnings • Feb 10
Full year 2020 earnings released: EPS kr5.37 (vs kr4.86 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr39.5b (up 7.8% from FY 2019). Net income: kr590.0m (up 11% from FY 2019). Profit margin: 1.5% (up from 1.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Analyst Estimate Surprise Post Earnings • Feb 10
Revenue beats expectations Revenue exceeded analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 5.2%, compared to a 12% growth forecast for the IT industry in Germany. Is New 90 Day High Low • Feb 04
New 90-day high: €12.88 The company is up 22% from its price of €10.60 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.83 per share. Is New 90 Day High Low • Jan 14
New 90-day high: €11.90 The company is up 17% from its price of €10.16 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.42 per share. Is New 90 Day High Low • Dec 30
New 90-day high: €11.52 The company is up 12% from its price of €10.30 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.70 per share. Recent Insider Transactions • Dec 09
Insider recently sold €109k worth of stock On the 8th of December, Aleksandr Novik sold around 10k shares on-market at roughly €10.93 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €3.2m more than they sold in the last 12 months. Is New 90 Day High Low • Nov 11
New 90-day high: €11.18 The company is up 14% from its price of €9.82 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.67 per share. Recent Insider Transactions • Oct 28
Chief Financial Officer recently bought €21k worth of stock On the 23rd of October, Robert Giori bought around 2k shares on-market at roughly €10.49 per share. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Analyst Estimate Surprise Post Earnings • Oct 22
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 5.3% at kr8.19b. Revenue is forecast to grow 7.5% over the next year, compared to a 8.7% growth forecast for the IT industry in Germany. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of kr524.0m, up 1.5% from the prior year. Total revenue was kr38.0b over the last 12 months, up 3.8% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day high: €10.48 The company is up 3.0% from its price of €10.18 on 22 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.53 per share. 