Capital Com MENA Securities Trading LLC is regulated by the Capital Market Authority.
Open platformOpen platform

Sweden's CTT Systems Q3 sales rise 3%, margin improves

By Reuters News


Overview

  • Sweden aircraft humidity control supplier's Q3 net sales rose 3% yr/yr

  • Q3 operating profit and margin improved from previous year

  • Operating cash flow fell compared to Q3 last year


Outlook

  • Company did not provide specific guidance for future quarters or the full year in its press release


Result Drivers

  • CURRENCY EFFECTS - Co said currency-adjusted net sales increased 5%, higher than reported growth

  • HIGHER MARGINS - Operating margin rose to 30% from 25% in Q3 last yr

  • LOWER CASH FLOW - Operating cash flow decreased to MSEK 19.5 (33.1)


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

SEK 76.40 mln

Q3 EPS

SEK 1.38

Q3 Net Income

SEK 17.30 mln

Q3 Operating Cash Flow

SEK 19.50 mln

Q3 Operating Margin

30.00%

Q3 Operating Profit

SEK 23.10 mln


Analyst Coverage

  • The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago


Reuters Recommended Reads

  • Oct 27 - Sweden's Alfa Laval Q3 sales rise on order intake

  • Oct 27 - Sweden's Hanza Q3 net sales jump, helped by acquisitions

  • Oct 27 - Exosens Q3 revenue rises 23.5% on stronger demand, capacity ramp-up


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.