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CTT — CTT Systems AB News Story

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IndustrialsAdventurousSmall CapFalling Star

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

  • July 21 - Sweden's Alfa Laval Q2 sales rise 6%, beat estimates

  • July 20 - Sweden's Hexpol Q2 sales, operating profit beat estimates

  • July 20 - Sweden's Devyser Diagnostics Q2 sales fall on distributor inventory adjustment


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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