Stockholm Bullets - CTT Systems falls on profit warning
October 21, 2024 at 03:39 am EDT
Share
The Stockholm Stock Exchange has started Monday's trading with small price movements. In the news flow, CTT Systems falls after the company issued a profit warning, while BHG, Nibe and Arjo rise on buy recommendations.
After 25 minutes of trading, the OMXS30 index was up 0.13 percent to 2,597.65. During the day, the index has moved within the range -0.30 percent at its lowest and 0.16 percent at its highest.
The broad OMXSPI was up 0.01 percent.
Share price
Price change
Commentary
Xbrane
28,9%
Active contract negotiations for Xdivane, received first non-binding proposals for XB003
BHG
8,4%
Dagens industri gives buy recommendation, sees upside of 50 percent in one year's time
Nibe
3,7%
Carnegie raises to buy (hold), target price SEK 58 (51)
Arjo
3,5%
Handelsbanken raises to buy (keep), CEO and Chairman buy shares
Stendörren
3,4%
Higher rental income and income from property management in Q3
NP3
1,7%
Increased recommendations from Kepler Cheuvreux, Handelsbanken and Pareto
Nordic Waterproofing
0,4%
Kingspan increases its ownership to 62.6 percent of the shares, no mandatory bid arises
Logistea
0,3%
Arctic initiates coverage with buy recommendation and target price of SEK 22
Avanza
0,2%
Kepler Cheuvreux raises to hold (reduce), target price SEK 234 (215)
Genova
-0,2%
Enters into new financing agreements of SEK 3.4 billion, lowers interest costs
Investor
-0,4%
Lowered recommendations from JP Morgan and SEB
Volvo
-0,9%
Stifel raises Volvo to Buy (Hold), target price SEK 318
Getinge
-1,1%
Nordea lowers to sell (keep), target price SEK 180
Peab
-2,6%
ABG Sundal Collier downgrades to hold (buy), target price SEK 80
CTT Systems
-9,0%
Flags for lower revenue and earnings in Q3, lowers revenue forecast for second half
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.