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The Nordics' largest IT infrastructure reseller and services company, supplying hardware, software and managed IT services.
The Nordics' largest IT infrastructure reseller and services company, supplying hardware, software and managed IT services.
Passes vendors' hardware, software licences and cloud subscriptions to customers at a margin, then adds fees for installation, support and managed services. Reselling is large in sales but thin in margin, so services and software carry more of the earnings. Operations cover the Nordic and Baltic countries.
In one line: The Nordics' largest IT infrastructure reseller/services company, like a Nordic CDW.
Moat: narrow (scale, distribution). Largest Nordic IT reseller scale gives vendor purchasing leverage and broad public-sector framework agreements.
Headquarters: Oslo, Norway · Founded: 1968 · Employees: 8,165
Size Atea (ATEA.OL) is a Norway Information Technology company (Information Technology Services) with a market value of $1.99B, the 42nd largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 165.40 on 6 Nov 2026.
Performance Over six months the shares gained 5.9%, against -11.0% for the median peer and +2.7% for the Norway market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 12.1% over the last twelve months (peer median +6.0%); the operating margin is 3.7% (peer median 8.0%).
Valuation It trades at 16.4× forward earnings against a peer median of 20.8× (5th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 11.2 points above its cost of capital (5.9% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 41.2B | NOK 37.4B | NOK 34.6B | NOK 34.7B | NOK 32.4B |
| Revenue growth | — | +8% | 0% | +7% | — |
| Gross profit | NOK 2.50B | NOK 2.31B | NOK 2.04B | NOK 2.17B | NOK 1.85B |
| EBITDA | NOK 2.30B | NOK 2.15B | NOK 1.94B | NOK 1.92B | NOK 1.70B |
| Net income | NOK 1.22B | NOK 878M | NOK 767M | NOK 800M | NOK 848M |
| Free cash flow | NOK 500M | NOK 773M | NOK 1.60B | NOK 1.56B | NOK 632M |
| Capital expenditure | NOK 445M | NOK 431M | NOK 426M | NOK 322M | NOK 398M |
| Total debt | NOK 3.43B | NOK 2.19B | NOK 2.20B | NOK 2.10B | NOK 2.00B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Atea ATEA.OL | $1.99B | +6% | +12% | 4% | 16.4× | -5.0% |
| CDW CDW | $19.6B | +51% | +11% | 7% | 12.9× | 2.6% |
| Insight Enterprises NSIT | $4.64B | +89% | +3% | 6% | 11.7× | 2.9% |
| Tieto TIETO.HE | $2.26B | -5% | -17% | 20% | 10.4× | -6.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ATEA.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.5% | -2.2% | 10th highest of 21 |
| 6-month return | +5.9% | -11.0% | 8th highest of 21 |
| Distance from 52-week high | -7.6% | -33.4% | highest of 21 |
| Revenue growth (TTM) | +12.1% | +6.0% | 7th highest of 21 |
| Operating margin | 3.7% | 8.0% | 5th lowest of 21 |
| Forward P/E | 16.4× | 20.8× | 5th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -5.0% | 12.0% | 3rd least demanding of 15 |
| Growth delivered (Del g) | -1.1% | +7.6% | 2nd lowest of 15 |
| Hurdle (Req g minus delivered) | -3.9 pp | +0.8 pp | 6th least demanding of 15 |
| ROIC minus cost of capital | +11.2 pp | -0.0 pp | 4th highest of 18 |
| EV / EBITDA | 9.3× | 11.3× | 4th cheapest of 9 |
| Net debt / EBITDA | 1.2× | 0.2× | 3rd most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Atea ATEA.OL | Norway | $1.99B | +6% | +12% | 4% | 16.4× | -5.0% | -1.1% |
| PC Connection CNXN | United States | $2.00B | +19% | +10% | 4% | 16.6× | n/a | n/a |
| GMO Internet 9449.T | Japan | $1.94B | -4% | +6% | 21% | 13.4× | n/a | n/a |
| Globant GLOB | United States | $2.05B | +21% | -1% | 10% | 8.0× | -1.2% | +24.7% |
| Kainos KNOS.L | United Kingdom | $1.92B | +57% | +17% | 11% | 23.2× | 21.7% | +12.9% |
| Beijing Teamsun Technology 600410.SS | China | $2.09B | -42% | +19% | -9% | n/a | 26.0% | +3.6% |
| Computer Age Management Services CAMS.NS | India | $1.87B | -15% | +9% | 39% | 32.3× | n/a | n/a |
| Concentrix CNXC | United States | $1.85B | +25% | +3% | 8% | 2.6× | -11.9% | +15.8% |
| Glodon 002410.SZ | China | $2.15B | -21% | -4% | 8% | 31.6× | 5.4% | +8.8% |
| Sigma Advanced Systems SIGMAADV.NS | India | $1.83B | +196% | +358% | 12% | n/a | n/a | n/a |
| A10 Networks ATEN | United States | $1.80B | -11% | +12% | 17% | 22.0× | 16.7% | +5.2% |
| CETC Cyberspace Security Technology 002268.SZ | China | $1.77B | -11% | -3% | 1% | 45.0× | n/a | n/a |
| Posco Dx 022100.KS | South Korea | $2.24B | -43% | -15% | 3% | 69.6× | 34.8% | +2.2% |
| Hand Enterprise Solutions 300170.SZ | China | $2.24B | -26% | +7% | 6% | 48.8× | 27.4% | +6.5% |
| Formula Systems (1985) Ltd. Sponsored ADR FORTY | United States | $1.75B | -26% | +1% | 8% | n/a | -3.4% | +6.3% |
| Tieto TIETO.HE | Finland | $2.26B | -5% | -17% | 20% | 10.4× | -6.4% | -7.8% |
| Transportation Telecommunication and Information Development Inc. Ltd. Zhejiang 300469.SZ | China | $1.72B | -18% | -15% | -102% | n/a | n/a | n/a |
| Shift 3697.T | Japan | $1.71B | +61% | +24% | 11% | 19.2× | -2.2% | +28.6% |
| Omnicell OMCL | United States | $1.70B | -15% | +6% | 5% | 19.5× | 11.7% | +5.8% |
| Northking Information Technology 002987.SZ | China | $1.67B | -14% | +1% | 6% | 30.6× | 16.2% | +16.1% |
| Simplex Holdings,Inc 4373.T | Japan | $1.66B | +25% | +20% | 23% | 19.4× | 12.4% | +16.3% |