Atea's Q4 marks turnaround for Danish business
Once beleaguered by scandal, Atea Denmark shows strong recovery in Nordic giant’s Q4 with EBIT up 91 per cent
Atea's Danish operations exhibited "a strong turnaround" in the Nordic giant's Q4 FY 2020, with EBIT almost doubling year on year. Profits for Atea Denmark came in at DKK 32m (€4.30m), up 91 per cent. Revenues for that arm of the business also grew, by 8.9 per cent, to DKK 1.78bn (€238.7m). No longer an albatross It's a marked reversal of fortunes for Atea Denmark, which for several years has been mired in controversy over a bribery scandal. The police investigation took place in 2015,...
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