Steinar Sonsteby
Chief Executive Officer

Welcome to all of you around the world. Welcome to sunny Oslo, and welcome to the Q1 2026 numbers for Atea. And wow, what a quarter. This was not easy. But again, Atea and all its employees showed up and made a big difference. So let's look at the main numbers. Gross sales grew by 11.5% with a minimum of that coming from currency, giving us a revenue or gross sales of NOK 14.8 billion. Net revenue grew by 12.9% and EBIT came in at NOK 476 million, up from NOK 281 million the year before. Net profit at NOK 389 million, up from NOK 162 million. So again, the best quarter in the history of the company.

But as always, I'll leave it to Robert to take all the good news.

Robert Giori
Chief Financial Officer

Thank you, Steinar. Atea reported high profit growth in the first quarter, driven by strong sales of hardware and software. Gross sales in Q1 were NOK 14.8 billion, up 11.5% from last year. After adjusting for changes in currency rates, organic growth in constant currency was 10.7%. Hardware sales increased by 18.9% with very high shipments of PCs and data center equipment. Demand for hardware continues to be healthy.

And in addition, we've seen purchase orders in expectation of supply constraints later in the year. Some of these orders were delivered and recognized in Q1, but most of the order volume is still in the backlog and will be delivered in future quarters. Software and cloud sales increased by 9.1% with very strong growth in sales of cloud solutions. Services sales were in line with last year.