We reiterate our Buy recommendation and NOK 170/sh TP following ATEA’s Q1 report, as we only make minor positive estimate revisions on the back of the figures. In Q1, ATEA performed well, managing price hikes from hardware vendors with limited dilution on gross margins. Additionally, there are currently no signs of demand destruction at current levels, and while the company sees strong pull-in effects on orders, this had limited effects on revenues in the quarter. Additionally, Q1 showed solid p ....
