Itera ASA (ITERA) Earnings Call Transcripts

Itera ASA's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Itera ASA reported revenues of NOK 223 million, a decline of 4% year-over-year, but only a 1% decrease when adjusted for currency effects. The EBIT margin was 7.5%, impacted by a NOK 3 million bad debt provision, but underlying performance suggests a margin of 8.8%, consistent with the previous year. Management highlighted ongoing operational improvements and a focus on AI integration, signaling potential for margin uplift of 1.6% to 1.8% in the coming quarters, which could positively influence stock performance going forward.

Reported metrics

Guidance from management

Management expects gradual improvements in market conditions and a positive impact from the operational improvement program, projecting a margin uplift of 1.6% to 1.8% in Q2 2026. They remain optimistic about AI-related project demand driving future growth.

What management said

Yes, it is. And so as you already know, we have appointed Bjarte Petersen as new CFO. So we are looking forward to onboard him as soon as possible. And I know that there will be a good transition between you and Bjarte. So happy to see Bjarte coming in as the new CFO. He has a strong experience in Kongsberg, Kongsberg Digital and not at least as the CFO and EVP in finance there. And also, he also have a strong consul...

So thank you. That's all for today. And the next quarter with Bjarte and myself will be on the 28th, isn't it, August. We will report the second quarter. So if you have any kind of questions, please reach out to Bent or myself. And then we are looking forward to welcome Bjarte in the second quarter.

What analysts pressed on

Analysts expressed concerns regarding the disappointing cash flow performance and the overall softness in market demand. There were questions about the sustainability of revenue growth and the impact of the operational improvement program on future margins.

Main topics on the call

• Operational Improvement Program — Management expects the operational improvement program to contribute an uplift of 1.6% to 1.8% to EBIT margins starting Q2 2026. Bent Hammer stated, "this will contribute roughly 1.6 to 1.8 percentage points to our margi...
• AI Integration Across Services — AI is now embedded in all of Itera's value offerings, with increasing customer interest in AI-driven solutions. Arne Mjøs noted, "AI is really coming across all the sectors...it's becoming the new operating system of the...
• Revenue Performance — Itera reported NOK 223 million in revenue, down 4% year-over-year, but flat when adjusted for currency. Management emphasized that gross profit grew by 1% in constant currency, indicating resilience in core operations de...
• Cash Flow Concerns — Cash flow was disappointing, with operational cash flow at NOK 41 million compared to NOK 76 million last year. Bent Hammer mentioned, "Q1 is traditionally not a very good quarter for cash flow," suggesting a temporary d...

Read the full Itera ASA transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 24 Itera ASA earnings call transcripts on record, spanning February 25, 2020 to May 8, 2026. Based on this history, Itera ASA reports quarterly. The most recent call on file is dated May 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ITERA

Exchange

OB

Country

NO

Sector

Information Technology

Industry

IT Services

Calls on record

24

First call

February 25, 2020

Most recent

May 8, 2026

Reporting cadence

quarterly