I-Tech AB (ITECH) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to this presentation where iTech walks us through the interim report from the first quarter 2025. With us today is Marcus Jönsson, CEO of iTech. Welcome to this webcast that is being broadcasted from Vendal today, where we are going to present the Q1 report for iTech. I will dive straight into our development and showing you the rolling 12 month results, which continue to look very good. So the positive momentum that we saw on the business throughout 2024 has continued into Q1 this year. So we come to that in here where you can see more regarding the strong start so net sales then were up nearly 50% and closely trailing the record quarter Q4 2024 so and it amounted to approximately 57 million SEC and then the quarter last year was 38 so a really solid growth there we also see that that we have a healthy increase in that we were giving also, I think, during Q4 or the later part of 2024, which has to do with our sort of optimization of our supply chain. EBITDA landed close to 20 million SEC, which is almost a doubling, up 76% at least over last year. So very good results there. And the same with the EBIT, which was 7.7 million SEC. cash flow plus 26 and then puts us at the cash balance of 126 million SEK. So continuously very strong finances then. So, EBITDA margin landed on 35%, which was also, I'd say, a new record in that sense. However, we are seeing then that we have increasing headwind in terms of currency, and that's linked to our operational currency, the US dollar, and sort of the appreciating value of the dollar versus Swedish crowns, right? And then we see we have negative short, medium, but also then longer-term effects on the business, if discontinues, right? So that is something we will see increasingly throughout the year. But overall, then we wo...