CTT Systems AB (CTT) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

on the world welcome to the ctt systems q4 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. With me today is Marcus Berg, our CFO, and we will present the Q4 financial result and outlook going forward. Starting with the highlights in the quarter, we signed agreement with Boeing business jets according to MOU that we signed in October. In 25, the installed base of humidifiers in Interacted by a 3 million decrease in private jet. Aftermarket sales decreased 27 million due to inventory buildup and distributors in Q4 24 and inventory reductions in Q4 25. If adjusting for the inventory reductions in Q4 25, CTT sales would have been 10 million higher. This had a significant negative impact on mix and earnings. A breakdown of total sales shows that the aftermarket sales accounted for 61% and 34% came from system sales. Order intake was 65 million compared to 81. Backlog in the quarter ended at 100. I now hand over to Marcus for more detailed financials. Thanks, Henrik, and good morning. Starting with the EBIT bridge, compared with last year, EBIT decreased 27 million to 7 million, impact 13 million in FX, 12 million due to lower volumes and 5 million from negative sales mix. Currency FX remained a wild card that is hard to predict, with major impact on CTT sales and earnings. Even though CTT has all loans in dollar and implemented cost savings that will have a full impact in the first half of 26, it's not enough to compe...