CTT Systems AB (OSTO:CTT)
kr 280 -2 (-0.71%) Market Cap: 3.51 Bil Enterprise Value: 3.50 Bil PE Ratio: 39.78 PB Ratio: 13.27 GF Score: 90/100
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Q3 2024 CTT Systems AB Earnings Call Transcript

Oct 25, 2024 / 07:30AM GMT
Release Date Price: kr251 (+2.45%)
Henrik Hojer
CTT Systems AB - Chief Executive Officer

Good morning. Welcome to CTT's quarterly earnings call. I'm Henrik Hojer, and with me is Markus Berg. We will present our financials for Q3 and then look at our outlook going forward. Before going into financials, I would like to mention three business highlights in the quarter.

First, we continue to make progress in VIP. We received the first order for an ACJ330neo kit system. CTT started the development together with Airbus Corporate Jets and PMV in October. Second, we are moving forward on business jet. We signed an MOU with Liebherr Aerospace, and we are now finalizing the joint offering of CTT's humidification system to Bombardier for the Global 7500/8000.

Third, we see a resurgence in anti-condensation business. Our market activities in the anti-condensation is starting to pay off. CTT sent out responses to RFQs in Q3 and Q4 with a total potential of retrofit order for more than 500 aircraft. This is the highest level in year. If looking at the numbers, sales dropped in Q3 sharply due to pushed orders and transitory destocking

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