I-Tech AB (ITECH) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to today's broadcast with iTech where CEO Marcus Jönsson and CFO Magnus Janell represent the report for the second quarter of 2025. After the presentation there will be a Q&A so if you have any questions for the company please submit them using the form to the right. And with that said I hand over the word to you Marcus. Thank you very much Ludvig and good morning everybody to this Q2 presentation from Møndal. It's me Marcus Jönsson and Magnus Janell here by my side and we'll just dive straight into the material. So for any newcomers to iTech, we will just have a brief introduction. So iTech is a biotech company with a unique technology targeting anti-fouling coatings for ships. We're a knowledge-based company and our production is outsourced. We estimate that we are on today around 3,000 out of a global fleet of 110,000 commercial vessels. So plenty of opportunity to grow going forward. We are addressing some of the key challenges for international shipping, which is the emission reduction of CO2, prevention of the transfer of invasive species, we'll talk a little bit more about that, and also then emission to water of chemical substances. So our solution is well positioned to help shipping companies and ship owners to address these challenges. The solution stems out of Swedish biotechnology and it is a drastic improvement in terms of performance, both to prevent barnacles from settling on the ship and also the amount of chemicals that is needed to achieve the desired effect. We are at six of the nine largest paint companies today and working actively with all our target customers. So during the Q1 presentation, we talked about the market outlook a little bit, sort of the start of the year with the turbulence around the global trade, etc. It sort o...