Q4 2024 CTT Systems AB Earnings Call Transcript

Feb 7, 2025 / 08:30 AM GMT

Release Date Price: kr194.6

Transcript

Key Points

Positve

CTT Systems AB (LTS:0GUO) reported a solid quarter with stronger development in all three product areas.
The company received its largest single order ever for 146 A321s, valued at approximately $120 million.
Net sales increased by 1% to 82 million, and operating profit (EBIT) increased by 2 million to 34 million.
CTT Systems AB has a strong financial position with a net cash position and an equity ratio of 74%.
The private jet market is showing strong momentum, driven by successful cooperation with Airbus Corporate jets.

Negative

Earnings per share decreased by 12% to 1.93% from 2.19.
Operating cash flow decreased to 16 million from 30 million last year, mainly due to negative working capital.
Net sales for the full year of 2024 decreased by 3% to 300 million compared to 309 million in 2023.
A sharp but temporary sales drop is expected in Q1 2025 due to well-stocked distributors leading to fewer orders.
The aftermarket sales are experiencing volatility due to inventory adjustments and changing buying patterns.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CTTS.ST - CTT Systems AB
Q4 2024 CTT Systems AB Earnings Call
Feb 07, 2025 / 08:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. Welcome to CTT's Quarterly earnings call. I'm Henry Keyer, and with me today is Marcus Ba.

We will present the Q4 financials and then present the outlook going forward.

Starting with business highlights in general, we can report a solid quarter with stronger development in all three product areas.

The OAM market is gearing up, driven by increased aircraft production rates. Boeing made progress on working through production recovery plans for heat exchanges and delivery delays associated with seat certifications.

The 787 program ended the year at the production rate of 5 airplanes per month and announced plans to expand facilities.

The private jet market is driven by the successful

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