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2021-07-22

CTT Systems AB (publ.) - Interim Report Second Quarter 2021

                                                                              
SECOND QUARTER 2021

  • Net sales decreased by 26% to MSEK 37.5 (50.4) – currency adjusted, a decline of 16%
  • Operating profit (EBIT) increased to MSEK 6.6 (5.9), including items affecting comparability of MSEK +4.8 (0.0)
  • Operating margin (EBIT margin) increased to 18% (12)
      - Adjusted for items affecting comparability, EBIT margin amounted to 5% (12)
  • Net profit amounted to MSEK 6.1 (6.0)
  • Earnings per share were SEK 0.49 (0.48)
  • Operating cash flow increased to MSEK 7.2 (-9.8), including items affecting comparability of MSEK +9.1 (0.0)


JANUARY - JUNE 2021

  • Net sales decreased by 46% to MSEK 68.9 (127.5) – currency adjusted, a decline of 39%
  • Operating profit (EBIT) decreased to MSEK 7.3 (32.6), including items affecting comparability of MSEK +4.8 (0.0)
  • Operating margin (EBIT margin) decreased to 11% (26)
      - Adjusted for items affecting comparability, EBIT margin amounted to 4% (26)
  • Net profit amounted to MSEK 2.9 (24.2)
  • Earnings per share were SEK 0.23 (1.93)
  • Operating cash flow increased to MSEK 0.3 (-5.0), including items affecting comparability of MSEK +9.1 (0.0)


FORECAST - THIRD QUARTER 2021 – FULL YEAR 2021
The net sales forecast for the third quarter of 2021 is MSEK 35 - 40 (38.3). MSEK 140 – 160 (200.8) for the full year.

                          
                        
PRESENTATION OF THE INTERIM REPORT

  • The presentation will be webcasted at 09:30 (CET). 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 8 566 427 07
    UK +44 333 300 92 61
  • The webcast can be followed via the link https://tv.streamfabriken.com/ctt-systems-q2-2021
  • The link can also be found at www.ctt.se                                                                                                                                                                                                                            

For Additional Information:


Torbjörn Johansson, CEO, CTT Systems AB.
Tel. 0155-20 59 01 alt. Mobile. 070-665 24 46 or email: torbjorn.johansson@ctt.se
 
Markus Berg, CFO, CTT Systems AB.
Tel. 0155-20 59 05 alt. Mobile. +46 72-230 33 88 or email: markus.berg@ctt.se

About CTT Systems


CTT is the leading supplier of active humidity control systems in aircraft. We are committed to helping airlines and the aviation industry to solve the aircraft humidity paradox - with far too dry cabin air - and too much moisture in the fuselage - causing dehydration for people onboard and excess weight in the aircraft inducing larger environmental footprint. CTT offers humidifiers and dehumidifiers available for retrofit and line-fit on commercial aircraft as well as private jets. For more information about CTT and how active humidity control products make air traveling a little more sustainable and far more pleasurable, please visit: www.ctt.se

This information is information that CTT Systems AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-07-22 08:00 CEST.

Attachments


CTT Systems AB Interim Report Q2 2021

Författare MFN

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