Press release -

CTT SYSTEMS AB (PUBL.) – INTERIM REPORT FIRST QUARTER 2021

FIRST QUARTER 2021

  • Net sales decreased by 59% to SEK 31.4 million (77.2) – currency adjusted, a reduction of 54%
  • Operating profit (EBIT) decreased to SEK 0.6 million (26.7)
  • Operating margin (EBIT margin) amounted to 2% (35)
  • Net profit (loss) this period amounted to SEK -3.2 million (18.2)
  • Earnings per share amounted to SEK -0.26 (1.45)
  • Operating cash flow decreased to SEK -6.9 million (4.8)


FORECAST – SECOND QUARTER 2021

  • The net sales forecast for the second quarter of 2021 is SEK 35 – 40 million (50.4).

PRESENTATION OF THE INTERIM REPORT

  • The presentation will be webcasted at 09:30 (CEST). The Interim Report will be presented by Torbjörn Johansson, CEO.
  • To participate in webcast, please dial in a few minutes before the meeting starts by using one of the following numbers:
    SE +46 8 566 427 06
    UK +44 333 300 92 73
  • The webcast can be followed via the link https://tv.streamfabriken.com/ctt-systems-q1-2021. The link can also be found at www.ctt.se

Topics

CTT Systems is the market leading provider of humidity control products in aircraft, including Moisture Control Systems to prevent fuselage condensation, and inflight humidifiers – Humidifier On-board – for crew and passenger well-being. All products are available for retrofit installations and line-fit on Airbus A380, A350, Boeing 787 and 777X. The crew humidifier is standard equipment in a crew rest compartment on Boeing 787 and standalone option in the crew rest compartment on A380, A350XWB and B777X. The flight deck humidifier is SFE listed on Airbus A350XWB, Boeing 787 and Boeing 777X. Inflight Humidification (IFH) – Humidifier On-board – is SFE listed for First/Business Class on A350XWB (Zone 1-3) and Boeing 777X (Zone 1 and 2). The Anti-Fuselage-Condensation system is SFE listed on A350 and is SFE-selected for the A320 Family.
Also visit: www.ctt.se


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