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CTT Systems AB ( (SE:CTT) ) has issued an update.
CTT Systems reported a strong first quarter of 2026, with net sales up 22% to SEK 66.1 million and operating profit more than doubling, lifting the EBIT margin to 15% despite negative currency effects and one-off VIP project costs. The OEM business showed particularly robust, currency-adjusted growth to its highest level since early 2020, while aftermarket revenues rebounded from prior distributor inventory headwinds, although operating cash flow turned negative due to payment timing.
Management highlighted that rising jet fuel prices and flight disruptions linked to the Middle East conflict are starting to pressure aviation aftermarket demand, but argued CTT’s large installed base on modern long-haul aircraft provides relative resilience. For 2026, the company expects higher USD-denominated revenues driven by 45–60% OEM growth and modest aftermarket gains, while private jet revenues are now projected below 2025 due to VIP project deferrals, leaving CTT focused on scaling volumes and cost discipline to move its EBIT margin towards a 25% target over time.
More about CTT Systems AB
CTT Systems AB is a Swedish aerospace supplier specializing in active humidity control systems for commercial aircraft and private jets. The company provides humidifiers and anti-condensation systems for both line-fit and retrofit installations, addressing dry cabin air and fuselage moisture while targeting fuel efficiency, passenger comfort, and more sustainable long-haul operations.
Average Trading Volume: 25,848
Technical Sentiment Signal: Sell
Current Market Cap: SEK1.67B
For a thorough assessment of CTT stock, go to TipRanks’ Stock Analysis page.