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NYKÖPING, SWEDEN / ACCESS CABLE / July 22, 2022 / CTT AB Systems (STO:CTT)

SECOND QUARTER 2022


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Net sales increased 56% to MSEK 58.4 (37.5)
– Currency-adjusted increase of 36%Operating profit (EBIT) increased to MSEK 23.5 (6.6)Operating margin (EBIT margin) increased to 40% (18)Net profit amounted to MSEK 15.1 (6.1)Earnings per share were SEK 1.21 (0.49)Operating cash flow decreased to MSEK 4.0 (7.2)

JANUARY – JUNE 2022

Net sales increased 56% to MSEK 107.5 (68.9)
– Currency-adjusted increase of 39%Operating profit (EBIT) increased to MSEK 37.5 (7.3)Operating margin (EBIT margin) increased to 35% (11)Net profit amounted to MSEK 24.7 (2.9)Earnings per share were SEK 1.97 (0.23)Operating cash flow increased to MSEK 12.5 (0.3)

FORECAST – THIRD QUARTER 2022


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The net sales forecast for the third quarter of 2022 is MSEK 58 – 63 (40.2).

PRESENTATION OF THE INTERMEDIATE REPORT

The presentation will be broadcast at 09:30 (CEST). The report will be presented by Henrik Höjer, CEO and Markus Berg, CFO. To participate in the webcast, please call a few minutes before the meeting begins using one of the following numbers:
SE: +46 850 516 386
United Kingdom: +44 203 198 48 84
USA: +14 123 176 300 PIN code for all participants: 57 16 787# The webcast can be followed via the link https://tv.streamfabriken.com/ctt-systems-q2-2022. The link can also be found at www.ctt.se

For additional information:

Henrik Höjer, CEO, CTT Systems AB.
phone +46 155 20 59 01 alt. Mobile +46 76 108 11 33, or email [email protected]

Markus Berg, CFO, CTT Systems AB.
phone 0155-20 59 05 alt. Mobile. +46 72-230 33 88 or email: [email protected]

About CTT Systems

CTT is the leading provider of active humidity control systems in aircraft. We solve the aircraft humidity paradox, with too dry cabin air and too much moisture in the fuselage, leading to dehydration for those on board and excess weight on the plane, leading to a larger environmental footprint. CTT offers humidifiers and dehumidifiers available for in-line refitting and tuning on commercial aircraft and private jets. To learn more about CTT and how active moisture management products make air travel a little more sustainable and a lot more enjoyable, visit: www.ctt.se

This information is information that CTT Systems AB is required to make public under the EU Market Abuse Regulations and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons indicated above, on 2022-07-22 08:00 CEST.

Attached files

CTT Systems AB Interim Report Q2 2022 Final

FONT: CTT AB Systems

See source version at access cable.com:
https://www.accesswire.com/709463/CTT-Systems-AB-publ-Interim-Report-Second-Quarter-2022

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