CTT Systems AB (publ.) - Interim Report Third Quarter 2024
THIRD QUARTER 2024
- Net sales decreased by 22% to MSEK 57.4 (73.7)
- Currency adjusted decrease of 18% - Operating profit (EBIT) decreased to MSEK 15.0 (30.5)
- Operating margin (EBIT margin) amounted to 26% (41)
- Profit margin decreased to 27% (43)
- Net profit decreased to MSEK 12.2 (25.3)
- Earnings per share were SEK 0.98 (2.02)
- Operating cash flow decreased to MSEK 8.1 (28.1)
JANUARY - SEPTEMBER 2024
- Net sales decreased by 4% to MSEK 218.0 (227.7)
- Currency adjusted decrease of 4% - Operating profit (EBIT) decreased to MSEK 78.9 (86.9)
- Operating margin (EBIT margin) amounted to 36% (38)
- Profit margin amounted to 35% (38)
- Net profit decreased to MSEK 61.3 (68.0)
- Earnings per share were SEK 4.89 (5.43)
- Operating cash flow decreased to MSEK 50.2 (86.4)
UPDATED GUIDANCE FOR THE PERIOD JULY - DECEMBER 2024
Estimated range for net sales in Q4 2024 is MSEK 80 and 90 (81). The net sales guidance for July – December 2024 is adjusted to MSEK 137 - 147 (155), compared with previous guidance of MSEK 160 to 180 in the Q2 2024 report.
PRESENTATION OF THE INTERIM REPORT
- The presentation will be webcasted at 09:30 (CEST).
The report will be presented by Henrik Höjer, CEO and Markus Berg, CFO. - To participate in the audiocast, where you have the opportunity to ask oral questions, register via the link: https://conference.financialhearings.com/teleconference/?id=50049857
- To participate in the webcast, register via the link https://ir.financialhearings.com/ctt-systems-q3-report-2024. Via the webcast, it is only possible to ask written questions. The link can also be found at www.ctt.se