Increased services turnover compensated for lower average prices
5/6/2004 4:29 AM EST
Atea:
Press Release - Stockholm, 6 May 2004
Atea, the Nordic region's leading one-stop supplier of IT products and
related services, increased its turnover in the first quarter 2004 to
SEK 1,248m (SEK 1,224m in the first quarter 2003) - despite market
prices for hardware products being about 20 percent lower compared with
the same period last year, and a decline of around 25 percent in the
Home PC market in Sweden.
The operating profit before amortisation of goodwill (EBITA) amounted
for the first quarter 2004 to SEK 13m (SEK 17m), and the operating
profit before tax to SEK 3m (SEK 9m). Operating results improved in
Denmark and Norway compared with the same quarter 2003. Sweden reported
continued satisfactory profitability. Finland shows steady improvement
after a tough second half of 2003.
"The fall in prices of hardware products and the decline of the Home PC
market has affected us, but were partly compensated by good services
turnover in the whole Group, particularly within Atea Security, Atea
System Platforms, Atea License Management and Atea Value Chain, which
have all developed extremely positively. To summarise, the quarter
started weakly but finished well," says Thomas Keifer, CEO of Atea.
Atea is the leading Nordic company within sales, distribution and
integration of IT products and IT infrastructure. The Atea Value Chain
enables Atea to offer a comprehensive concept of IT product management.
Atea's business concept is to simplify and rationalise customers'
management of IT products throughout the entire life cycle.
Atea employs about 700 people in the Nordic region, and the CEO is
Thomas Keifer. Turnover in 2003 amounted to SEK 4,917m. Atea is owned by
WM-data, the international venture capital company 3i, as well as the
management of Atea.
www.atea.se
For further information, please contact:
Atea
Thomas Keifer, CEO
Tel: +46 (0)709-197131
E-mail:
Atea
Tomas Kihlstrand, CFO
Tel: +46 (0)709-197132
E- mail:
Atea
Johan Scherlin, Marketing and Information
Tel: +46 (0)709-197135
E- mail: