I-Tech: Resilient growth ahead despite FX headwinds - ABG
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
ANNONS
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).
