CTT Systems AB (publ.) - Interim Report Fourth Quarter 2023 / Year-End Report 2023
February 06, 2024 at 02:01 am EST
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FOURTH QUARTER 2023
Net sales increased by 20% to MSEK 81.2 (67.8) - Currency adjusted increase of 21%
Operating profit (EBIT) increased to MSEK 31.6 (20.8)
Operating margin (EBIT margin) amounted to 39% (31)
Profit margin amounted to 43% (33)
Net profit increased to MSEK 27.4 (17.8)
Earnings per share were SEK 2.19 (1.42)
Operating cash flow increased to MSEK 30.4 (17.9)
JANUARY - DECEMBER 2023
Net sales increased by 28% to MSEK 308.9 (240.6) - Currency adjusted increase of 23%
Operating profit (EBIT) increased to MSEK 118.4 (91.8)
Operating margin (EBIT margin) amounted to 38% (38)
Profit margin amounted to 39% (35)
Net profit increased to MSEK 95.5 (66.3)
Earnings per share were SEK 7.62 (5.29)
Operating cash flow increased to MSEK 116.8 (61.2)
The Board of Directors proposes an ordinary dividend of SEK 5.35 per share (4.05) and an extraordinary dividend of SEK 3.35 per share (0), totalling SEK 8.70 per share
FORECAST - FIRST QUARTER 2024
The net sales forecast for the first quarter of 2024 is MSEK 80 - 85 (75.0). PRESENTATION OF THE INTERIM REPORT / YEAR-END REPORT
The presentation will be webcasted at 09:30 (CET). The report will be presented by Henrik Höjer, CEO and Markus Berg, CFO.
To participate in the audiocast, where you have the opportunity to ask oral questions, register via the link below: https://conference.financialhearings.com/teleconference/?id=5008615.
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 
