Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Third party research

I-Tech: Resilient growth ahead despite FX headwinds - ABG

I-tech

This is a third party research report and does not necessarily reflect our views or values

Download report (PDF)
Q2e sales of SEK 52m, 22% y-o-y, adj. EBIT of SEK 17m (12m)
FX headwinds, but we expect customer growth to remain solid
Minor estimate changes ahead of report


Q2 expectations

We anticipate a negative FX impact in Q2 from the depreciation of the USD/SEK, but we believe underlying business momentum remains strong. We estimate Q2 sales of SEK 52m, +22% y-o-y (+35% organic, -13% FX). On EBIT, we forecast EBIT adj. of SEK 17m (SEK 12m) for a margin of 34% (28%). We estimate one-off costs related to the EU process of SEK 1.8m, roughly in line with previous quarters. This implies lease-adj. FCF of SEK 7m (SEK 4m).
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.