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Astea International Inc

Atea ATCO:Nasdaq Stockholm

Atea is a Nordic IT infrastructure company with headquarters in Oslo, Norway. They provide a wide range of IT infrastructure solutions and services, including software, hardware, and cloud services, to both private and public sector customers in the Nordics.

As of my knowledge up to 2021, Atea has reported stable financial performance over the years, with a steady revenue growth and a strong earnings profile. In 2020, the company reported revenues of 35.4 billion SEK, representing a 4.2% increase compared to the previous year. The company's gross profit for the year was 6.1 billion SEK, representing a gross margin of 17.2%. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year were 925.5 million SEK, representing an EBITDA margin of 2.6%.

Atea has a strong focus on application software, and the company has been investing in developing its software portfolio to meet the evolving needs of its customers. In 2020, the company's software sales represented 30% of its total revenue, and the company expects this segment to continue to grow in the coming years.

In terms of growth, Atea has a solid track record of expanding its operations in the Nordics through both organic growth and strategic acquisitions. The company has a particularly strong presence in the Norwegian and Swedish markets, and it has been expanding its footprint in the Finnish and Danish markets as well.

In conclusion, Atea is a well-established Nordic IT infrastructure company with a stable financial profile, a strong earnings profile, and a focus on application software. The company has a solid track record of growth and expansion, and it is well-positioned to continue to benefit from the ongoing digital transformation in the Nordics. It is listed on the Nasdaq Stockholm exchange under the ticker symbol "ATCO".