Sweden's I-Tech Q4 net sales fall 33% yr/yr

I-Tech AB

05/02/2026 07:11

Overview

Biotechnology firm's Q4 net sales fell 33% yr/yr

Operating profit for Q4 declined compared to last year

Company signed supply and license agreement with major Asian paint company

Outlook

I-Tech expects shipyard output to grow by 15% in 2026

Company launched new coating products in Korea, but significant volume contribution will take time

I-Tech preparing to challenge EU proposal not to renew Selektope approval

Result Drivers

EXCHANGE RATE IMPACT - Sales in SEK decreased due to a 7.8% depreciation of the USD/SEK exchange rate, despite a 3% increase in sales volume

NEW PRODUCT LAUNCH - Three new coating products launched in Korea, expected to comply with upcoming legislation, but not yet contributing significantly to volume

GEOPOLITICAL UNCERTAINTY - Geopolitical uncertainty and changes in trade flows impacted shipping, a key market for I-Tech

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
SEK 38.68 mln
Q4 Net Income
SEK 6.38 mln
Q4 EBIT
SEK 7.55 mln
Q4 EBITDA
SEK 9.56 mln
Q4 Operating Cash Flow
SEK 12.61 mln


Analyst Coverage

Wall Street's median 12-month price target for I-Tech AB is SEK84.00, about 60.9% above its February 4 closing price of SEK52.20

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nMFN7SKlt5

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)