Apr 25, 2025 / 07:30AM GMT
Henrik Hojer - CTT Systems AB - Chief Executive Officer
Good morning. Welcome to CTT's quarterly earnings call. I'm Henrik Hojer, and with me is Markus Berg. We will present Q1 financial results and the outlook going forward. Starting with the business highlights.
The OEM sales doubled, driven by resumed deliveries to the Boeing 787 program. We had a record high order intake of SEK181 million, driven by the largest order so far from jet2.com for 146 anti-condensation retrofit systems. We had four ACJ 320 kit systems from Airbus corporate jets and resumed orders from distributors for aftermarket products to be delivered in Q2 and Q3.
As expected, the financial performance in the quarter was impacted by high inventories at CTT's distributors when entering into Q1. As a consequence, net sales dropped to SEK54 million due to halted orders from well-stocked distributors that could deliver from stock, pushing down CTT's aftermarket sales significantly below underlying demand in the quarter.
This is temporary dip as aftermarket demand from airlines remain normal throughout the quarter
Q1 2025 CTT Systems AB Earnings Call Transcript
3 days ago
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