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CTT — CTT Systems AB News Story

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IndustrialsAdventurousSmall CapFalling Star

Sweden's CTT Systems Q1 sales, profit rise

Overview

Sweden aircraft humidity control supplier's Q1 net sales rose 22% yr/yr

Operating profit and net profit increased from prior year

Operating cash flow turned negative in the quarter

Outlook

Company did not provide specific guidance or outlook for the current or future periods

Result Drivers

CURRENCY EFFECTS - Co said currency-adjusted sales growth was 41%, indicating currency movements significantly impacted reported sales growth

Company press release: ID:nMFN6p0zTG

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 SalesSEK 66.10 mln
Q1 EPSSEK 0.53
Q1 Net IncomeSEK 6.70 mln
Q1 Operating Cash Flow-SEK 9.10 mln
Q1 Operating Margin15.00%
Q1 Operating ProfitSEK 9.70 mln
Analyst Coverage The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 24 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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