Itera ASA
OSE:ITERA
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Itera ASA
Itera ASA operates as a communication and technology company, which engages in the provision of information technology and communication solutions. The company is headquartered in Oslo, Oslo. The firm delivers user experience solutions, digital platform solutions for business design, software engineering services, service operations and application management, which includes uptime, security, user support, data center, network, database operation, licenses, hardware and applications. Additionally, the Company offers editorial productions, content and campaigns, infrastructure services, project management services, as well as cloud and testing services, among others. The firm conducts operations in Norway, Sweden, Denmark, Slovakia and Ukraine. The company serves clients within the banking and insurance, public, healthcare, energy and utility domains across Nordic countries and internationally.
Itera ASA operates as a communication and technology company, which engages in the provision of information technology and communication solutions. The company is headquartered in Oslo, Oslo. The firm delivers user experience solutions, digital platform solutions for business design, software engineering services, service operations and application management, which includes uptime, security, user support, data center, network, database operation, licenses, hardware and applications. Additionally, the Company offers editorial productions, content and campaigns, infrastructure services, project management services, as well as cloud and testing services, among others. The firm conducts operations in Norway, Sweden, Denmark, Slovakia and Ukraine. The company serves clients within the banking and insurance, public, healthcare, energy and utility domains across Nordic countries and internationally.
Revenue Growth: Itera returned to growth with Q3 revenue up 7% year-over-year, driven by higher billable utilization and the impact of its operational improvement program.
Profitability: EBIT margin improved to 3.8%, up from just 0.1% in Q3 last year, with gross profit and gross margin both increasing.
Cloud & AI: Cloud and application services, strengthened by AI and automation, showed strong revenue growth of 29% in Q3 and 21% year-to-date.
Cash Flow: Operational cash flow over the last 12 months dropped to NOK 54 million from NOK 86 million, impacted by working capital changes due to renewed growth.
Dividend: Itera will pay an additional NOK 0.10 per share dividend in December, bringing total 2024 dividends to NOK 0.30 per share, or about 64% of last year’s earnings.
Outlook: Management is optimistic about further growth and profitability, citing strong momentum in AI, cloud, and defense sectors despite a stable market environment.
