CTT Systems AB (CTT) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the CTT Systems Q3 2025 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to the speakers, CEO Henrik Hoyer and CFO Marcus Berg. Please go ahead. Thank you and good morning. Welcome to CTT's quarterly earnings call. We will present the Q3 financial results and the outlook going forward. Starting with some highlights. I want to highlight that we report strong system sales numbers, up 80% so far in 2025, driven mainly by private jet and OEM. In Q3, we delivered the first anti-condensation system to jet2.com of a total of 146. I'm also proud to report that we at NBAA in Las Vegas last week signed a letter of intent to extend collaboration with Boeing Business Jets, offering a cabin humidification system as baseline configuration across the BBJ Airplane portfolio. It strengthened our outlook going forward as both ACJ and BBJ now promote cabin humidification. Finally, we continue to expect the partnership with Liber Aerospace to include the new Comac C929 aircraft model. If Liber is selected to supply the ECS system, CTT will supply humidifiers and dehumidifiers to Liber. The C929 is designed with a total of six humidifiers and two dehumidifiers as standard. Development is expected to start next year. Looking at the financial performance in short, comparing the third quarter with the same quarter last year, net sales increased 29% from 57 to 74 million. At fixed exchange rates, revenues increased by 39%. FX had a 7 million negative net sales impact in the quarter. EBIT amounted to 19 million compared with 15 million. The EBIT margin was 25 versu...