Atea ASA Due Diligence

Run due diligence on Atea ASA: check compliance and get alerts when suppliers or ownership change.

Norway · owned by Independent (Norway) · www.atea.com · 40 vendors

Atea ASA is the leading supplier of IT infrastructure solutions in the Nordic and Baltic regions, serving businesses and public-sector organizations across Norway, Sweden, Denmark, Finland, Lithuania, Latvia, and Estonia. The company offers a complete range of hardware, software, and services covering the full lifecycle of IT — from solution design and procurement to implementation, operations, and retirement of IT assets. With over 8,000 employees in 88 offices across seven countries, Atea is listed on the Oslo Stock Exchange.

Resilience scores

Technology vendors

Services catalogue

24 services in catalogue across 3 categories; runs on 40 sub-vendors.

Insights

Last updated 2026-10-23 · revision 17

40 direct vendors, 305 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

5 in-scope frameworks identified; showing 3.

SOC 2 (source) — No public evidence

Evidence: https://www.atea.com/cloud-it-infrastructure/, https://www.atea.com/information-security/

NIS2 (source) — Evidence found

Evidence: https://www.atea.com/information-security/, https://www.atea.com/compliance/

ISAE 3000 (source) — No public evidence

Financials

Three-year financials

Financial Resilience Score: 7/10

Atea ASA demonstrates solid financial resilience as the leading IT infrastructure provider in the Nordic and Baltic regions. The company maintains a net cash position of NOK +975M at end-2025 (excluding IFRS 16 leases), making it essentially unlevered with significant headroom for dividends and M&A. It has consistently paid dividends (NOK 5-7/share) for over a decade, signaling board confidence and stable cash generation. Revenue has grown at ~5.1% CAGR over 2016-2025, with EBIT margins gradually expanding from 2.8% to 3.7% as the services and software mix has grown. However, structural weaknesses limit a higher score. EBIT margins remain thin at 3.4-3.7%, leaving little buffer against demand or FX shocks. The company is highly exposed to hardware refresh cycles (visible in the 2024 softness with revenue down 0.4% and EBIT down 6.7%) and faces disintermediation risk from hyperscalers. Cash flow from operations dropped sharply in 2025 (-41% to NOK 1.2B) despite higher earnings, indicating significant working capital build that warrants monitoring. FX translation risk is meaningful as Atea reports in NOK but earns most revenue in SEK, DKK and EUR. On balance, scale leadership, diversified Nordic/Baltic footprint, large public-sector exposure, and a debt-free balance sheet support a above-average resilience rating, tempered by margin thinness and cyclical hardware exposure.

Key strengths: Market leadership in Nordic and Baltic IT infrastructure, Net cash position of NOK +975M at end-2025 (essentially unlevered), Consistent dividend payer for over a decade (NOK 7/share in 2024 and 2025), Diversified end-markets with ~40-45% public sector exposure, Steady revenue CAGR of ~5.1% and EBIT CAGR of ~8.2% over 2016-2025, Growing services and software-licensing mix improving margin profile, Stable workforce of ~8,000+ FTEs across 7 countries and 88 cities

Risk factors: Thin EBIT margins of 3.4-3.7% leave limited buffer for shocks, Heavy exposure to hardware refresh cycles (PCs, servers, networking), Sharp drop in operating cash flow in 2025 (-41%) due to working capital build, FX translation risk - reports in NOK but earns in SEK, DKK, EUR, Public-procurement and compliance risk (historical 2015 Danish corruption case), Vendor concentration on Microsoft, Cisco, HPE, Dell, Lenovo, Competitive pressure from hyperscalers (AWS, Azure, GCP) disintermediating traditional resale

Revenue by geography

Revenue by product/service

Workforce by country

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