CTT Systems AB (CTT) Q2 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Ctt Systems Ab.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.076 Thank you and good morning. Welcome to CTT's quarterly earnings call. 00:00:04.076 -- 00:00:09.119 We will present the Q2 financial result and outlook going forward. 00:00:09.482 -- 00:00:13.447 Starting with the quarterly business highlights, the strong business momentum continues 00:00:13.447 -- 00:00:19.454 in private jet. We delivered one complete ACJ320 kit and two ACJ320 00:00:19.454 -- 00:00:24.039 kit systems, except for the window defrost kit that we'll be delivering Q3. 00:00:24.039 -- 00:00:29.409 In Q2, we received five new orders, one acj 320 on top of the four 00:00:29.409 -- 00:00:34.635 received in q1 and one wide body vip project for four bbj 00:00:34.635 -- 00:00:36.578 787s 00:00:36.578 -- 00:00:42.344 om board order backlog increased with significant pickup in deliveries from q126 00:00:42.344 -- 00:00:49.050 aftermarket rebounded as predicted from a temporary dip in q1 to 57 million 00:00:49.312 -- 00:00:53.397 shifting to the financial performance in short comparing the second quarter with the 00:00:53.397 -- 00:00:58.713 same quarter last year Reported sales decreased 3% from 82 to 80 00:00:58.713 -- 00:01:04.462 million. If adjusting for currency sales increased 7% to 88 million. 00:01:04.462 -- 00:01:10.091 In the quarter, the minus 10% US dollar SEC movement had a negative impact 00:01:10.091 -- 00:01:12.935 of 8 million net sales. 00:01:12.935 -- 00:01:17.682 Operating profit EBIT decreased to 18 from 31 million. 00:01:17.682 -- 00:01:21.886 The EBIT margin was 23 versus 38%. 00:01:21.925 -- 00:01:26.193 Marcus will later more in-depth comment on EBIT, but I would like to highlight that the 00:01:26.193 -- 00:01:31.843 adjusted EBIT margin was 28%, if excluding temporary currency valuation impact 00:01:31...