Stock Analysis
- Sweden
- /
- Aerospace & Defense
- /
- OM:CTT
CTT Systems First Quarter 2024 Earnings: EPS: kr1.96 (vs kr1.44 in 1Q 2023)
CTT Systems (STO:CTT) First Quarter 2024 Results
Key Financial Results
- Revenue: kr83.0m (up 9.8% from 1Q 2023).
- Net income: kr24.5m (up 36% from 1Q 2023).
- Profit margin: 30% (up from 24% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: kr1.96 (up from kr1.44 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CTT Systems Earnings Insights
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Sweden.
Performance of the Swedish Aerospace & Defense industry.
The company's shares are up 1.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for CTT Systems that you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether CTT Systems is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About OM:CTT
CTT Systems
CTT Systems AB (publ) engages in the design, manufacture, and sale of humidity control systems for aircraft in Sweden, Denmark, France, the United States, and internationally.
Exceptional growth potential with flawless balance sheet.