Q2: Strong quarter with a beat across the board
Sales came in at SEK 43m (+20% vs. ABGSCe 35m), +30% y-o-y (+28% org.). EBIT was SEK 10m (+32% vs. ABGSCe 7.7m), for a margin of +24% (ABGSCe +22%). EBIT adj. was SEK 12m (+34% vs. ABGSCe 9.0m), for a margin of +28% (ABGSCe +25%). EPS adj. came in at SEK 0.89 (+13% vs. ABGSCe 0.79), +31% y-o-y. FCF lease adj. came in at SEK 3.9m (-51% vs. ABGSCe 7.9m), -36% y-o-y. The profit was slightly offset by continued elevated costs linked to the EU regulatory process, which amounted to SEK 1.9m (~33% of external costs). Overall Q2 was a strong quarter for I-Tech with strong growth in turnover and earnings.