Q4 2025 CTT Systems AB Earnings Call Transcript
Key Points
- CTT Systems AB (FRA:VG5) signed an agreement with Boeing Business Jets, enhancing its business prospects.
- The installed base of humidifiers in service on A350s and Boeing 787s grew by 10% in 2025.
- The company has initiated cost savings measures that are expected to improve the EBIT margin by 200 basis points.
- CTT Systems AB has a strong outlook for 2026 with significantly higher volumes expected in OEM and improvements in the aftermarket business.
- The company achieved several sustainability milestones in 2025, including ISO certifications and strategic sustainability goals.
- Net sales decreased by 31% to SEK57 million compared to the same quarter last year.
- EBIT dropped significantly to SEK7 million from SEK34 million, with a substantial impact from foreign exchange effects.
- Operating cash flow was weak at minus SEK5 million, affected by low EBITDA and delayed customer payments.
- Aftermarket sales decreased by SEK27 million due to inventory reductions, impacting the sales mix and earnings negatively.
- Currency fluctuations remain a significant challenge, impacting sales and earnings unpredictably.
(video playing)
Welcome to the CTT Systems Q4 2025 report presentation. (Operator Instructions).
Now I will hand the conference over to the speakers, CEO, Henrik Hojer; and CFO, Markus Berg. Please go ahead.
Thank you, and good morning. Welcome to CTT's quarterly earnings call. With me today is Markus Berg, our CFO, and we will present the Q4 financial results and outlook going forward. Starting with the highlights in the quarter. We signed agreement with Boeing Business Jets according to MOU that we signed in October.
In '25, the installed base of humidifiers in service on A350s and Boeing 787s grew with 10%. Looking at the financial performance in short, comparing the same quarter last year, net sales decreased 31% to SEK57 million. If adjusted for FX impact of SEK10 million, the decrease was 18% or SEK15 million. EBIT dropped to SEK7 million compared to SEK34 million. FX impacted minus SEK13 million.
The EBIT margin was 12% versus 41%. If adjusting for the temporary
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