Q2 2023 Atea ASA Earnings Call Transcript
Hi, and welcome to the Q2 presentation of the Atea Group numbers. We have no heat wave here in Oslo, but we have a beautiful summer day with the crisp air and the long summer nights, so something to look forward to.
I also want to remind you that we do take a Q&A in the end, so please put in your questions.
In this quarter, we delivered on all what we promised. A good growth, normalizing working capital and EBIT growth higher than the revenue.
So let's take a look at the numbers. Revenue -- net revenue, that is, came in at NOK 8.9 billion, a growth of more than 17%; EBIT of NOK 291 million, up 21%; operating cash flow of NOK 340 million, up more than NOK 900 million. And that leaves us with a net debt balance of almost 0, down NOK 1.1 billion. We look at this as a very, very solid and good quarter.
But as always, I'll leave it to Robert to give you all the good news.
Thank you, Steinar.
Q2 was another solid quarter of revenue and profit growth for
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