contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

CTT Systems operates in the aerospace industry and focuses on the development and manufacture of systems for humidity and temperature control in aircraft. The company's products are aimed at aircraft operators and manufacturers. The operations are international and target customers globally. CTT Systems was founded in 1991 and is headquartered in Nyköping, Sweden.

CTT’s sales and profit continue to decline. Guidance of 70-80 MSEK sales for the third quarter. I’ve glanced at this so little that I can’t say much more about the results.  Are there still people here who follow companies more closely?  SECOND QUARTER 2025 · Net sales decreased by 3% to MSEK 79.7 (82.4)  Currency adjusted increase of 7%  · Operating profit (EBIT) decreased to MSEK 18.0 (31.4)  · Operating margin (EBIT margin) amounted to 23% (38)  · Profit margin amounted to 23% (38)  · Net profit decreased to MSEK 14.9 (24.6)  · Earnings per share were SEK 1.19 (1.96)  · Operating cash flow decreased to MSEK 3.4 (16.1)  JANUARY - JUNE 2025 · Net sales decreased by 17% to MSEK 133.8 (160.5)  Currency adjusted decrease of 13%  · Operating profit (EBIT) decreased to MSEK 22.0 (63.9)  · Operating margin (EBIT margin) decreased to 16% (40)  · Profit margin amounted to 17% (39)  · Net profit decreased to MSEK 18.6 (49.1)  · Earnings per share were SEK 1.48 (3.92)  · Operating cash flow decreased to MSEK 7.7 (42.1)  GUIDANCE THIRD QUARTER 2025 The net sales Q3 guidance is MSEK 70 – 80 (57).                    Inderes              CTT Systems AB (publ.) – Interim Report Second Quarter 2025 - Inderes    SECOND QUARTER 2025 · Net sales decreased by 3% to MSEK 79.7 (82.4) - Currency adjusted increase of 7% · Operating profit (EBIT) decreased to MSEK 18.0 (31.4) · Operating margin (EBIT margin...

It’s quiet in the thread on earnings release day, but I’ll save the results here. Weak Q1 guidance and talk of a poor start to the year will really hit the stock today.            storage.mfn.se              ctt-systems-ab-interim-report-q4-2024.pdf

@Jukka_Lepikko what are your thoughts on this company?

Thanks for the great opening, my interest has been piqued and I’ll definitely have to dig deeper. To keep my post from being nothing but praise, I’d like to remind you that you can also follow Swedish companies on inderes.fi or .se. I was the first one to start following CTT!                    Inderes              CTT Systems - Inderes    CTT Systems operates in the aerospace industry and focuses on the development and manufacture of systems for humidity and temperature control in aircraft. The company's products are aimed at aircraft operators and manufacturers. The operations are...

I tried to find comments and posts about CTT Systems on the forum, but I couldn’t find any. This is definitely an interesting company that deserves its own thread. CTT System AB in brief:  CTT Systems AB (CTT) is a global leader in the manufacture, design, and supply of active humidity control products for aircraft, aiming to solve the aircraft moisture paradox. CTT’s products are available for both line-fit and retrofits in commercial aircraft, as well as in private jet outfittings. The company is headquartered in Nyköping, Sweden, and had 80 employees at the end of 2023. CTT Systems’ market cap is currently 3,583 million SEK (316 million euros), and the company has a net cash position. In 2023, CTT’s revenue was 309 million SEK, and the company achieved an operating profit (EBIT) of 118 million SEK, representing a 38% EBIT margin. Historical financial development:  CTT experienced strong financial growth between 2015 and 2019, but the COVID-19 pandemic interrupted this development. Revenue grew impressively, driven by system sales and rapidly expanding aftermarket sales. As the share of aftermarket sales grew, CTT’s profitability also improved. Now CTT is ready to return to the same growth path it was on before the pandemic.   Investment case in a nutshell:  CTT Systems offers an attractive investment opportunity as it is the sole supplier of humidifiers for major wide-body aircraft programs such as the Airbus A350, Boeing 787, and Boeing 777X. As production rates recover and 777X production begins in 2025, CTT is excellently positioned for a long growth trajectory. The company’s high-margin and recurring revenue aftermarket segment operates on a “razor-and-blade model,” ensuring profitability and stable cash flows as the installed base expands. The company operates with an asset-light business model and has a strong balance sheet, including a net cash position. CTT also provides downside protection, as it may attract interest as an acquisition target among aerospace industry players or private equity firms if its valuation drops significantly below its intrinsic value. Interesting features:  Monopolistic business nature Attractive growth prospects for years to come, supported by increasing production rates of key aircraft programs (B787, B777x, and A350), an increase in the number of systems per aircraft as penetration of different systems increases, a growing private jet business, and a strongly growing aftermarket. Very high profitability thanks to attractive aftermarket sales following the “razor-and-blade” model. Growing share of the aftermarket, which is recurring in nature, increasing business predictability in the long term. Asset-light business model – focuses on assembly and R&D. Operating in an industry with high barriers to entry. Strong balance sheet – net cash position. Downside protection – if CTT’s valuation drops significantly, it could become a very attractive acquisition target for either a strategic player in the aerospace industry or a private equity firm. Competent and committed management and staff – The Chairman of the Board owns 13.4% of the company, and the CEO owns approximately 0.5%. Additionally, CTT has a profit-sharing foundation that grants every full-time employee an equal share of the company’s financial success annually.   I also wrote a longer analysis of CTT. You can find it here: https://substack.com/home/post/p-148315513?source=queue&autoPlay=false

CTT Systems

SEB Funds AB, som är en av bolagets större aktieägare, har informerat bolaget om att de utsett Anette Andersson till ny representant i valberedningen. Andersson ersätter Christian Lage Lindstr...

<div class="mfn-body"><p>SEB Funds AB, som är en av bolagets större aktieägare, har informerat bolaget om att de utsett Anette Andersson till ny representant i valberedningen. Andersson ersätter Christian Lage Lindström.<br>&nbsp;<br>Efter förändringen består valberedningen av följande ledamöter:<br>&nbsp;<br>Anette Andersson, utsedd av SEB Fonder<br>Malin Björkmo, utsedd av Handelsbanken Fonder<br>Jonathan Schönbäck, utsedd av Odin fonder<br>Tomas Torlöf, utsedd av Trulscom Förvaltning AB<br>&nbsp;<br>CTT Systems AB:s årsstämma kommer att hållas den 7 maj 2026.</p></div><div class="mfn-footer mfn-608c5b1aff7f"><p><strong class="mfn-heading-1">För ytterligare information:</strong></p><hr><p>Tomas Torlöf, Styrelseordförande, CTT Systems AB<br>Tel. +46(0)70-5943819 eller e-post: tomas@trulscom.se</p></div><div class="mfn-footer mfn-about mfn-f5f87c62fca6"><p><strong class="mfn-heading-1">Om CTT Systems</strong></p><hr><p>CTT är den ledande leverantören av aktiva fuktregleringssystem till flygplan.&nbsp;Våra produkter löser flygplanets fuktparadox med alldeles för torr kabinluft och alldeles för mycket fukt i flygplanskroppen, vilket medför uttorkning för alla ombord och extravikt i planet med större miljöpåverkan som följd. CTT erbjuder luftfuktare och avfuktare som finns för efterinstallation och tillval vid nytillverkning i kommersiella flygplan samt till privatflygplan. För mer information om CTT och hur produkter för aktiv fuktreglering gör flyget lite mer hållbart och väsentligt mer angenämt, besök gärna: <a href="http://www.ctt.se" rel="noopener">www.ctt.se</a><br><br></p></div><div class="mfn-footer mfn-attachment mfn-attachment-general"><p><strong class="mfn-heading-1">Bifogade filer</strong></p><hr><p><a class="mfn-generated mfn-primary" href="https://storage.mfn.se/ee5bf901-ce0d-44f5-8bce-b95de583dbcc/forandring-i-ctt-systems-valberedning.pdf" rel="noopener">Förändring i CTT Systems valberedning</a></p></div>