CTT Systems AB

OM:CTT

Sweden / Industrials / Aerospace & Defense

Overview

News

5Y Historical Financials

Stock Price

214.00 SEK


Key Metrics	Latest
Total Revenue	302.3 M
Adjusted EBITDA	105.3 M
EBITDA Margin	34.8%
Net Profit Margin	28.3%
Total Assets	393.2 M
Total Debt	44.1 M

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months	Dec-23	Dec-24

Revenue	206.60	154.20	244.00	310.90	302.30	302.30	310.90	302.30
% Growth		(0.25)	0.58	0.27	(0.03)			(0.03)

Adjusted EBITDA	40.10	20.50	91.50	127.10	105.30	105.30	127.10	105.30
% Margin	0.19	0.13	0.38	0.41	0.35	0.35	0.41	0.35

Adjusted EBIT	34.40	14.50	85.50	121.20	97.80	97.80	121.20	97.80
% Margin	0.17	0.09	0.35	0.39	0.32	0.32	0.39	0.32

Adjusted Net Income	28.21	10.65	66.30	95.50	85.50	85.50	95.50	85.50
% Margin	0.14	0.07	0.27	0.31	0.28	0.28	0.31	0.28

Adjusted Basic EPS	2.25	0.85	5.29	7.62	6.82	6.82	7.62	6.82

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Press Release
SEK	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24	Dec-23	Dec-24
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	207	154	244	311	302	302	311	302
% Growth	NA	-25.4%	58.2%	27.4%	-2.8%			-2.8%

Cost of Revenue	(58)	(36)	(47)	(63)	(61)	(61)	(63)	(61)
Gross Profit	149	118	197	248	242	242	248	242
% Revenue	72.2%	76.8%	80.9%	79.7%	80.0%	80.0%	79.7%	80.0%

Research and Development	(2)	(5)	(5)	(6)	0	0	(6)	0
Selling and Marketing	0	0	0	0	0	0	0	0
General and Admin	(109)	(97)	(105)	(116)	(129)	(129)	(116)	(129)
Other Inc / (Exp)	0	10	(3)	(5)	0	0	(5)	0
Total Operating Exp	(111)	(92)	(112)	(126)	(129)	(129)	(126)	(129)

Operating Income	38	26	85	121	113	113	121	113
% Revenue	18.6%	16.9%	35.0%	39.0%	37.2%	37.2%	39.0%	37.2%

Interest Expense	1	(8)	(2)	(1)	(5)	(5)	(1)	(5)
Pre-tax Income	40	18	84	121	108	108	121	108
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	(9)	(4)	(18)	(25)	(22)	(22)	(25)	(22)
Net Income to Company	31	14	66	96	86	86	96	86
% Margin	15.1%	9.2%	27.2%	30.7%	28.3%	28.3%	30.7%	28.3%

Minority Interest in Earnings	0	0	0	0	0	0	0	0
Net Income to Stockholders	31	14	66	96	86	86	96	86

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0

Net Income to Common	31	14	66	96	86	86	96	86
% Margin	15.1%	9.2%	27.2%	30.7%	28.3%	28.3%	30.7%	28.3%

As Reported
Basic EPS (Continuing Ops)	2.48	1.13	5.29	7.62	6.82	6.82	7.62	6.82
Diluted EPS (Continuing Ops)	2.48	1.13	5.29	7.62	6.82	6.82	7.62	6.82

WA Basic Shares Out.	12.53	12.53	12.53	12.53	12.53	12.53	12.53	12.53
WA Diluted Shares Out.	12.53	12.53	12.53	12.53	12.53	12.53	12.53	12.53

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	40	18	84	121	108	108	121	108
Addback: Net Interest Expense	(1)	8	2	1	5	5	1	5
Addback: Other Non Operating Expenses, Total	(0)	(7)	0	(0)	(15)	(15)	(0)	(15)
Addback: Depreciation & Amortization	6	6	6	6	8	8	6	8
Addback: Restructuring Charges	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	0	0	0	0	0	0	0	0
Addback: Asset Writedown	0	4	0	0	0	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	(4)	(9)	0	0	0	0	0	0
Adjusted EBITDA	40	21	92	127	105	105	127	105
% Margin	19.4%	13.3%	37.5%	40.9%	34.8%	34.8%	40.9%	34.8%

Adjusted EBIT	34	15	86	121	98	98	121	98
% Margin	16.7%	9.4%	35.0%	39.0%	32.4%	32.4%	39.0%	32.4%

Adjusted Net Income Reconciliation
Net Income to Company	31	14	66	96	86	86	96	86
Addback: Unusual Items	(4)	(5)	0	0	0	0	0	0
Less: Tax Benefit of Unusual Items (26%)	1	1	0	0	0	0	0	0
Adjusted Net Income	28	11	66	96	86	86	96	86
% Margin	13.7%	6.9%	27.2%	30.7%	28.3%	28.3%	30.7%	28.3%

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CTT Systems AB

OM:CTT

Sweden / Industrials / Aerospace & Defense

5Y Historical Financials