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