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2023-06-09 | Redeye | Redeye: I-Tech - Review on Regulatory News | Pressreleaser | Ladda ner | Visa Stäng |
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2023-06-02 | I-tech | I-Tech sales in Korea increase by 147% for the first half of 2023 compared to the same period in 2022. | Pressreleaser | Ladda ner | Visa Stäng |
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2023-06-02 | I-tech | I-Tech ökar sin försäljning i Korea med 147% första halvåret 2023 jämfört med samma period 2022. | Pressreleaser | Ladda ner | Visa Stäng |
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2023-05-24 | I-tech | Bolagsuppdatering med anledning av omregistrering av Selektope i EU (webcast) | Pressreleaser | Ladda ner | Visa Stäng |
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2023-05-24 | I-tech | Company update regarding the renewal process for Selektope in the EU (webcast) | Pressreleaser | Ladda ner | Visa Stäng |
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2023-05-24 | I-tech | Expert panel suggests changed classification of Selektope | Pressreleaser | Ladda ner | Visa Stäng |
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2023-05-24 | I-tech | Expertpanel föreslår ändrad klassificering för Selektope | Pressreleaser | Ladda ner | Visa Stäng |
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2023-05-11 | I-tech | KOMMUNIKÉ FRÅN ÅRSTÄMMA 2023 I-TECH AB | Pressreleaser | Ladda ner | Visa Stäng |
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2023-05-08 | Redeye | Redeye: I-Tech - Q1 Review – Marching On | Pressreleaser | Ladda ner | Visa Stäng |
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2023-05-04 | I-tech | I-Tech AB (publ) Interim report Q1 2023 | Rapporter | Ladda ner | Visa Stäng |
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2023-05-04 | I-tech | I-Tech AB (publ) Delårsrapport Q1 2023 | Rapporter | Ladda ner | Visa Stäng |
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2023-04-11 | I-Tech | I-Tech: KALLELSE TILL ÅRSSTÄMMA I I-TECH AB | Pressreleaser | Ladda ner | Visa Stäng |
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2023-04-06 | I-Tech | I-Tech's Annual Report 2022 is now published | Pressreleaser | Ladda ner | Visa Stäng |
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2023-04-06 | I-Tech | I-Techs årsredovisning för 2022 är nu publicerad | Pressreleaser | Ladda ner | Visa Stäng |
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2023-02-27 | Redeye | Redeye: I-Tech - Q4 Review – Raising the Bar | Pressreleaser | Ladda ner | Visa Stäng |
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2023-02-23 | I-Tech | RÄTTELSE: Större valutajusterad tillväxt än tidigare angivet - I-Tech AB (publ) Bokslutskommuniké Q4 2022 | Pressreleaser | Ladda ner | Visa Stäng |
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2023-02-23 | I-Tech | CORRECTION: Higher currency adjusted growth than earlier noted - I-Tech AB (publ) Year-end report 2022 | Pressreleaser | Ladda ner | Visa Stäng |
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2023-02-22 | I-Tech | I-Tech AB (publ) Bokslutskommuniké 2022 | Rapporter | Ladda ner | Visa Stäng |
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2023-02-22 | I-Tech | I-Tech AB (publ) Year-end report 2022 | Rapporter | Ladda ner | Visa Stäng |
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2022-11-18 | I-Tech | I-Techs valberedning utsedd | Pressreleaser | Ladda ner | Visa Stäng |
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2022-11-17 | Redeye | Redeye: I-Tech - Q3 Review – Increased profitability | Analyser | Ladda ner | Visa Stäng |
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2022-10-21 | I-Tech | I-Tech AB (publ) Interim report Q3 2022 | Rapporter | Ladda ner | Visa Stäng |
Rapporter |
I-Tech AB (publ) Interim report Q3 2022Summary of the period
July to September 2022
Important events after the period
Financial Summary All amounts 2022Jul-Sep 2021Jul-Sep 2022Jan-Sep 2021Jan-Sep 2021Jan-Dec CEO Comments The growth of our largest customer compensates for a quarterly slowdown from some of our other leading customers, and overall, we note a turnover of SEK 21.3 (13.8) million, an increase of 54 (16) %. The operating profit after tax amounted to SEK 4.8 (0,8) million. The cash flow amounted to SEK 7.7 (-3.2) million. The EBITDA margin amounted to 32% (20%), a sign of the strength in the business model, which is expected to deliver high operating returns in increasing volume, all else stays the same. Currently we note a favourable currency position on the revenue side as we are exposed to the US dollar, both in terms of production and sales of Selektope. Adjusted for currency effects, we note a strong organic growth of 26%. Unlike the previous quarter, which had a broader customer mix, we assess that the majority of the growth during this period is derived from a balanced increase in both Asian maintenance market as well as newbuilding market. Asia completely dominates the shipbuilding industry for both newbuilding and maintenance and recent product launches, mainly from our largest customer, are providing use in both segments. The recent upswing for Selektope-containing products on the largest markets is vital and I confidently look forward to follow how the markets develop as other customers starts to expand the range of use of their products. At the same time, there is a potential in Europe that has not yet been realised. This derives from a vast backlog of administrative work from authorities, as a consequence of new legislation in 2012 regarding, among other things, biocide-containing antifouling products. Products containing approved biocides that were not on the market before 2006 are still waiting to reach the decision- makers’ table. The backlog is also affirmed by the deadline for re-registration of Selektope, that together with a handful of other substances within various industries being brought forward two and a half years to mid- 2025. Although, in many aspects it is positive with stringent legislation, there is a lack of resources within authorities who can provide the necessary support to commercial entities. While the road towards the EU and US markets requires a large portion of endurance, we are pleased about the more stable and favourable conditions, particularly in Asia, where all markets show high occupancy in both newbuilding and maintenance. Previously, it has been very welcoming news to witness the integration of Selektope as a building block in multiple product launches. As growth now picks up for the second quarter in a row, confidence is increasing that pre-launch tests have shown good results and are now driving demand in the pursuit of a more efficient shipping industry with lower carbon footprint. Philip Chaabane, CEO M: +46 73 910 37 08 About I-Tech AB I-Tech is a biotechnology company that has developed the product Selektope, an active agent that prevents barnacle attachment on submerged surfaces such as ships and boat hulls, but also other marine installations. By increasing the resistance to barnacle growth in marine paint systems (e.g. antifouling coatings), fuel and maintenance costs are reduced. I-Tech has obtained the necessary regulatory approvals for Selektope and has several of the world’s largest manufacturers of marine antifouling coatings as customers. The company’s share is listed for trading on Nasdaq First North Growth Market in Stockholm with Erik Penser Bank as Certified Adviser, phone: +46 (0)8 463 83 00, About Selektope® Selektope introduces, for the first time, a pharmacological mode of action to combat barnacle settlement. By temporarily stimulating the octopamine receptor, the barnacle larvae’s swimming behavior is activated and the organisms are deterred from the hull. These ground-breaking discoveries enable unrivalled power at very low concentrations, yet within the limits of rigorous risk assessments. Selektope is an organic, non-metal compound with efficacy proven at 0.1% w/w. For more information visit our website www.selektope.com. This disclosure contains information that I-Tech is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 21-10-2022 08:51 CET. |
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2022-10-21 | I-Tech | I-Tech AB (publ) Delårsrapport Q3 2022 | Rapporter | Ladda ner | Visa Stäng |
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2022-08-31 | Redeye | Redeye: I-Tech - Solid Momentum Ahead of H2’22 | Analyser | Ladda ner | Visa Stäng |
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2022-08-26 | I-Tech | Correction - missing MAR label in earlier press release - I-Tech AB (publ) Interim report Q2 2022 | Rapporter | Ladda ner | Visa Stäng |
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2022-08-26 | I-Tech | RÄTTELSE: Saknad MAR-etikett i tidigare pressmeddelande - I-Tech AB (publ) Delårsrapport Q2 2022 | Rapporter | Ladda ner | Visa Stäng |
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2022-08-26 | I-Tech | I-Tech AB (publ) Interim report Q2 2022 | Rapporter | Ladda ner | Visa Stäng |
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2022-08-26 | I-Tech | I-Tech AB (publ) Delårsrapport Q2 2022 | Rapporter | Ladda ner | Visa Stäng |
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