I-tech: Another quarter of strong sales growth - ABG

Sales +5% and EBIT adj. +3% vs. ABGSCe
Strong momentum in Selektope sales
Diversified customer base - CMP now two thirds of sales


Q3 results

Sales came in at SEK 41m (+5.2% vs. ABGSCe 39m, -0.6% vs. cons. 41m), +27% y-o-y (+30% org.). EBIT was SEK 9.4m (+5.2% vs. ABGSCe 8.9m), for a margin of +23% (ABGSCe +23%). EBIT adj. was SEK 11m (+2.8% vs. ABGSCe 11m), for a margin of +27% (ABGSCe +28%). EPS came in at SEK 0.65 (0% vs. ABGSCe), +9% y-o-y. FCF lease adj. came in at SEK 10m (-37% vs. ABGSCe 17m), -39% y-o-y. During the quarter Markus Jönsson formally took office as CEO of I-Tech. In connection with this, the company experienced extra costs and an increase in personnel expenses. Despite this, the company maintained its high margin.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/i-tech/Equity-research/2024/10/i-tech---another-quarter-of-strong-sales-growth/