Atea ASA: Company Profile and SWOT Analysis by ICDResearch

VIEWS: 4 PAGES: 35

More Info
									Atea ASA

_________________________________________________________________________________



Atea ASA                                                                       Financial Snapshot

                                                                               Operating Performance
Fast Facts
                                                                               The company reported revenues of US$2,831.60
Headquarters Address                PO Box 6472 Etterstad, Oslo, 0667,Norway
                                                                               million during 2010, with a CAGR of 20.02% during
                                                                               2006–2010. Its revenue grew at an annual rate of
Telephone                           + 47 22 095000
                                                                               22.28% over the previous fiscal year. In 2010, the
                                                                               company recorded an operating margin of 2.77%, as
Fax                                 + 47 22 095070                             against 2.29% in 2009.

Website                             www.atea.com
                                                                               Revenue and Margins
Ticker Symbol, Stock Exchange       ATEA, Oslo Stock Exchange

Number of Employees                 5,418

Fiscal Year End                     December

Revenue (in US$ million)            2,831.60

Revenue (in NOK million)            17,131.20




SWOT Analysis                                                                  Return on Equity

Strengths                           Weaknesses                                 The company recorded a return on equity (ROE) of
                                                                               14.83% for 2010, as compared to its peers, Tele2 AB
Inorganic Growth Strategy           Limited Geographic Presence                (Ticker: TEL2 B), LBI International AB (Ticker: LBI)
                                                                               and Edb Ergogroup ASA (Ticker: EDBASA), which
                                                                               recorded ROEs of 23.99%, -0.17% and -4.74%
Market leadership position                                                     respectively. The company reported an operating
                                                                               margin of 2.77% in 2010.
Strong financial performance
                                                                               Return on Equity
Opportunities                       Threats

Expanding AV and Video solutions:   Expansion of consultancy business

Positive outlook for IT services    Fluctuations in foreign currencies:

Positive outlook for unified
                                    Risk due to increasing IT complexity
communication market

Strategic growth intitatives




                                                                               Liquidity Position

                                                                               The company reported a current ratio of 0.97 in 2010,
                                                                               as compared to its peers, Tele2 AB, LBI International
                                                                               AB and Edb Ergogroup ASA, which recorded current
                                                                               ratios of 0.86, 1.35 and 1.16 respectively. As of
                                                                               December 2010, the company recorded cash and
                                                                               short-term investments of worth US$71.27 million,
                                                                               against US$119.22 million current debt. The company
                                                                               reported a debt to equity ratio of 0.22 in 2010 as
                                                                               compared to its peers, Tele2 AB, LBI International AB
                                                                               and Edb Ergogroup ASA, which recorded debt to
                                                                               equity ratios of 0.10, 0.11 and 0.90 respectively.




___________________________________________________________________________________________

Atea ASA - SWOT Profile                                                                                               Page 1
Atea ASA

_________________________________________________________________________________


TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................12
      2.2.4       Solvency ..........................................................................................................................................................13
      2.2.5       Valuation ..........................................................................................................................................................14
    2.3       Competitive Benchmarking ..................................................................................................................................15
      2.3.1       Market Capitalization .......................................................................................................................................16
      2.3.2       Efficiency ..........................................................................................................................................................17
      2.3.3       Capital Expenditure ..........................................................................................................................................18
      2.3.4       Turnover – Inventory and Asset .......................................................................................................................19
      2.3.5       Liquidity ..................................................................................................................
								
To top