Net sales decreased by 22% to MSEK 57.4 (73.7) - Currency adjusted decrease of 18%
Operating profit (EBIT) decreased to MSEK 15.0 (30.5)
Operating margin (EBIT margin) amounted to 26% (41)
Profit margin decreased to 27% (43)
Net profit decreased to MSEK 12.2 (25.3)
Earnings per share were SEK 0.98 (2.02)
Operating cash flow decreased to MSEK 8.1 (28.1)
JANUARY - SEPTEMBER 2024
Net sales decreased by 4% to MSEK 218.0 (227.7) - Currency adjusted decrease of 4%
Operating profit (EBIT) decreased to MSEK 78.9 (86.9)
Operating margin (EBIT margin) amounted to 36% (38)
Profit margin amounted to 35% (38)
Net profit decreased to MSEK 61.3 (68.0)
Earnings per share were SEK 4.89 (5.43)
Operating cash flow decreased to MSEK 50.2 (86.4)
UPDATED GUIDANCE FOR THE PERIOD JULY - DECEMBER 2024
Estimated range for net sales in Q4 2024 is MSEK 80 and 90 (81). The net sales guidance for July – December 2024 is adjusted to MSEK 137 - 147 (155), compared with previous guidance of MSEK 160 to 180 in the Q2 2024 report.
PRESENTATION OF THE INTERIM REPORT
The presentation will be webcasted at 09:30 (CEST). The report will be presented by Henrik Höjer, CEO and Markus Berg, CFO.
CTT Systems AB is a Sweden-based technology company engaged in the aviation industry. The Company develops, manufactures and sells humidity control systems for commercial aircrafts. Its activities are divided into three business units: CTT Systems, responsible for humidity control in aircraft; Bribo Mekaniska, providing stamped metal components; and Catron Elektronik, which offers communication and control equipment. The Companyâs product portfolio comprises: Zonal Drying System, which eliminates the accumulation of condensation in an aircraft; Cair, a moisture management system that removes condensation from the aircraftâs structure and humidifies the cabin; Crew Humidifiers, increases humidity in the crew rest compartments and flight deck; as well as Cair VIP, a humidification system adapted to private jet plane. It collaborates with a range of entities, such as Boeing and Airbus. Furthermore, the Company is a parent of CTT Systems Inc, Catron Elektronik AB and Bribo Mekaniska AB.
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