CTT Systems AB
STO:CTT
CTT Systems AB
CTT Systems AB engages in the provision of condensation prevention and active humidification control systems for commercial aircraft. The company is headquartered in Nykoeping, Sodermanlands and currently employs 76 full-time employees. The firm develops, manufactures and sells humidity control systems for commercial aircrafts. Its activities are divided into three business units: CTT Systems, responsible for humidity control in aircraft; Bribo Mekaniska, providing stamped metal components; and Catron Elektronik, which offers communication and control equipment. The Company’s product portfolio comprises: Zonal Drying System, which eliminates the accumulation of condensation in an aircraft; Cair, a moisture management system that removes condensation from the aircraft’s structure and humidifies the cabin; Crew Humidifiers, increases humidity in the crew rest compartments and flight deck; as well as Cair VIP, a humidification system adapted to private jet plane. The company collaborates with a range of entities, such as Boeing and Airbus. Furthermore, the Company is a parent of CTT Systems Inc, Catron Elektronik AB and Bribo Mekaniska AB.
CTT Systems AB engages in the provision of condensation prevention and active humidification control systems for commercial aircraft. The company is headquartered in Nykoeping, Sodermanlands and currently employs 76 full-time employees. The firm develops, manufactures and sells humidity control systems for commercial aircrafts. Its activities are divided into three business units: CTT Systems, responsible for humidity control in aircraft; Bribo Mekaniska, providing stamped metal components; and Catron Elektronik, which offers communication and control equipment. The Company’s product portfolio comprises: Zonal Drying System, which eliminates the accumulation of condensation in an aircraft; Cair, a moisture management system that removes condensation from the aircraft’s structure and humidifies the cabin; Crew Humidifiers, increases humidity in the crew rest compartments and flight deck; as well as Cair VIP, a humidification system adapted to private jet plane. The company collaborates with a range of entities, such as Boeing and Airbus. Furthermore, the Company is a parent of CTT Systems Inc, Catron Elektronik AB and Bribo Mekaniska AB.
Revenue Decline: Net sales fell 31% year-over-year to SEK 57 million in Q4, with significant impact from currency effects and reduced aftermarket sales.
Profit Drop: EBIT dropped sharply to SEK 7 million from SEK 34 million last year, with EBIT margin down to 12% from 41%.
Inventory Impact: Aftermarket sales were hit by inventory reductions at distributors, which management says is now resolved and should support sales in 2026.
Cash Flow Weakness: Operating cash flow was negative SEK 5 million for the quarter due to timing of customer payments, but improvement is expected in 2026.
OEM Outlook Strong: Management expects strong OEM growth in 2026, supported by higher Airbus and Boeing production rates.
Margin Recovery Expected: Cost savings and higher volumes are expected to gradually lift EBIT margin back toward 25% or above.
Dividend Maintained: Board proposed a dividend of SEK 2.4 per share, unchanged from last year.
Aftermarket Stabilizing: Distributors' inventories are now balanced, which should allow aftermarket sales to better track underlying demand in 2026.
