Q2: Another quarter of record turnover
Q2 sales were SEK 43m, up +30% y-o-y (+28% org., +2.5% FX). EBIT was SEK 10m (7m) for a margin of 24% (23%) while EBIT adj. was SEK 12m for a margin of 28%. Net income adj. was SEK 11m (8m), which converted to EPS adj. of SEK 0.89 (0.68) and lease adj. FCF of SEK 4m (6m). During the quarter, the company had elevated costs of SEK 1.6m due to the EU regulatory process, leading to higher external costs of SEK -6m (-4m). Overall, I-Tech delivered strong Q2 results with a record turnover for a single quarter.
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