Sweden · Delayed Price · Currency is SEK CTT Systems AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 delivered strong OEM growth and improved margins, with net sales up 16% year-over-year and EBIT margin rising to 15%. Full-year guidance anticipates robust OEM and aftermarket revenue increases, despite airline capacity cuts and project deferrals.
Fiscal Year 2025
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Q4 saw a 31% drop in net sales and a sharp EBIT margin decline, mainly due to FX and inventory effects. 2026 is expected to bring higher OEM and aftermarket sales as distributor inventories normalize and aircraft production ramps up, supporting margin recovery.
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System sales surged 80% year-to-date, with Q3 net sales up 29% and strong cash flow. Aftermarket sales are set to rebound as aircraft production ramps up, while cost savings and price increases are expected to boost margins in 2026.
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Q2 saw strong private jet momentum and a rebound in aftermarket sales, but reported sales fell 3% year-over-year due to currency headwinds. EBIT margin was impacted by currency and one-off costs, with guidance for Q3 net sales at SEK 70–80 million and a strong OEM outlook.
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Net sales fell 3% in 2024, but Q1 2025 saw record orders, driven by strong OEM and retrofit demand. Growth is expected from higher aircraft production rates, increased product penetration per aircraft, and expansion in private jet and retrofit markets.
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OEM sales doubled and order intake hit a record, but Q1 net sales and EBIT dropped due to distributor inventory effects. Aftermarket demand is stable, with a swift recovery and strong growth expected in Q2 and 2025, supported by Airbus and Boeing ramp-ups.
Fiscal Year 2024
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Q4 saw modest sales growth and margin improvement, with record OEM and retrofit orders offsetting aftermarket volatility from distributor destocking. A sharp but temporary sales dip is expected in Q1 2025, followed by a swift rebound as inventories normalize and OEM/private jet demand accelerates.
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Q3 saw a 22% sales drop and 51% EBIT decline due to destocking and lower aftermarket demand, but OEM and private jet segments are poised for recovery. Guidance for Q4 anticipates a rebound, with strong long-term growth expected as Airbus and Boeing ramp up production.
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Q2 2024 saw 4% sales growth, strong aftermarket demand, and progress in OEM selection rates, but EBIT margin and cash flow declined due to supply chain and inventory effects. Guidance for H2 2024 is positive, with OEM and aftermarket growth expected to resume in 2025.