Q4 2020 CTT Systems AB Earnings Call Transcript
¶ -
[To '20]. We take the next picture, picture number 2. It's me, Torbjörn Johansson, CEO of CTT that present. And I have with me our CFO, Daniel Ekstrand.
We take the next picture, picture number 3, and we go straight into picture number 4. The highlights at the fourth quarter of '20 was that we met our forecast. We were just in the bottom of the forecast. But the aftermarket sales increased from the third quarter, but we are still below our underlying demand.
The most important thing is that we finished the development of the humidification system for the business jet aircraft, Bombardier Global 7500. We have delivered the first system now and they are installing it in the aircraft.
We take the next picture, picture number 5, the financials in short. The net sales dropped with 58% compared to last year, but we still had a positive earnings per share. The EBIT was slightly below zero.
We take the next picture, picture number 6. Here you can see the sales mix. And what has happened in the fourth quarter and also
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
