CTT Systems AB (publ.) – Interim Report Third Quarter 2021
October 28, 2021 at 02:21 am EDT
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THIRD QUARTER 2021
Net sales increased by 5% to MSEK 40.2 (38.3) - Currency adjusted, a growth of 10%
Operating profit (EBIT) increased to MSEK 11.5 (6.4)
Operating margin (EBIT margin) increased to 29% (17)
Net profit amounted to MSEK 7.0 (5.0)
Earnings per share were SEK 0.56 (0.40)
Operating cash flow increased to MSEK 9.6 (-4.7)
JANUARY - SEPTEMBER 2021
Net sales decreased by 34% to MSEK 109.1 (165.9) - Currency adjusted, a decline of 27%
Operating profit (EBIT) decreased to MSEK 18.8 (39.0) - Including items affecting comparability of MSEK +4.8 (0.0)
Operating margin (EBIT margin) decreased to 17% (23) - Adjusted for items affecting comparability, declining to 13% (23)
Net profit amounted to MSEK 9.9 (29.2)
Earnings per share were SEK 0.79 (2.33)
Operating cash flow increased to MSEK 9.9 (-9.7) - Including items affecting comparability of MSEK +9.1 (0.0)
FORECAST - FOURTH QUARTER 2021 - FULL YEAR 2021
The net sales forecast for the fourth quarter of 2021 is MSEK 40 - 45 (34.9), and MSEK 149 - 154 (200.8) for the full year.
PRESENTATION OF THE INTERIM REPORT
The presentation will be webcasted at 09:30 (CEST). The Interim Report will be presented by Torbjörn Johansson, CEO.
To participate in webcast, please dial in a few minutes before the meeting starts by using one of the following numbers:
SE +46 8 505 583 74
UK +44 333 300 92 63
The webcast can be followed via the link https://tv.streamfabriken.com/ctt-systems-q3-2021
The link can also be found at www.ctt.se
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CTT Systems AB published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 06:20:00 UTC.
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.
CTT SYSTEMS AB 
