Sweden's CTT Systems Q2 sales fall, profit declines
Sweden's CTT Systems Q2 sales fall, profit declines
Overview
Sweden aircraft humidity control firm's Q2 net sales declined 5% yr/yr
Q2 operating profit and net profit both fell from prior year
Company's Q2 operating cash flow rose sharply yr/yr
Outlook
Company did not provide specific guidance or outlook for the current or future periods
Result Drivers
OPERATING CASH FLOW - Co reported a sharp increase in Q2 operating cash flow compared to prior year
Company press release: ID:nMFN8CDm9p
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| SEK 75.90 mln |
|
Q2 EPS |
| SEK 0.79 |
|
Q2 Net Income |
| SEK 9.90 mln |
|
Q2 Operating Cash Flow |
| SEK 24.30 mln |
|
Q2 Operating Margin |
| 19.00% |
|
Q2 Operating Profit |
| SEK 14.30 mln |
|
Analyst Coverage
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 21 three months ago
Reuters Recommended Reads
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July 20 - Sweden's Devyser Diagnostics Q2 sales fall on distributor inventory adjustment
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(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.)