Business related performance improvements - driven by sales volume added MSEK 4 to EBIT compared with Q322
Negative mix offset MSEK 4 due to lower aftermarket share - 77% compared to 86% last year
Currency effects offset EBIT with MSEK 3 - despite stronger USD/SEK - contributing with MSEK 2 - but offset by MSEK 5 on AR/AP valuation
MSEK
33
30
7
Q3 2023 Cash Flow
Operating cash flow amounted to MSEK 28 (31), driven by financial performance (EBITDA) of 33 MSEK and positive working capital - Inventory reduction of MSEK 4
Change in Cash
In addition: Available credit facilities of 52 MSEK (not utilized)
MSEK
62
89
8
Q3 2023
Net Debt
Net debt amounting to -44 MSEK compared +5 MSEK in Q3 last year
Cash 89 MSEK and in addition available credit facilities amounting to 52 MSEK
Solidity 73% (71%) and Net Debt / (R12 EBITDA) -0.4 (0.1)
Net Sales increased 32 % to 228 MSEK (173), driven by Aftermarket and OEM
Sales mix dominated by Aftermarket (77%)
EBIT increased 22 % to MSEK 87 (71)
EPS increased 40 % to 5.43 SEK (3.87)
Net Sales Bridge (MSEK)Sales Mix, %
Non-Core
228
4%
Aftermarket
9M 2022
9M 2023
77%
OEM 12%
100
90
80
70
60
50
40
30
20
10
0
6
Private jet
5
7%
4
3
2
1
0
EBIT (MSEK)
87
71
9M 2022
9M 2023
EPS (SEK)
5.43
3.87
9M 2022
9M 2023
10
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CTT Systems AB published this content on 28 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2023 04:30:44 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 
