CTT Systems (CTT) Q2 2026 earnings summary

Executive summary

• Net sales for Q2 2026 decreased by 5% year-over-year to SEK 76 million, mainly due to weak private jet and aftermarket segments, while OEM revenues grew significantly, achieving the best OEM market quarter since Q1 2020.

• EBIT for Q2 2026 was SEK 14 million, down 21% from the prior year, with a margin of 19%.

• EPS for Q2 2026 was SEK 0.79, a 34% decrease year-over-year.

• Operating cash flow improved sharply to SEK 24 million from SEK 3 million.

• Aftermarket demand remained resilient, with a surge in spares demand and higher order intake late in the quarter.

Financial highlights

• Q2 2026 net sales: SEK 76 million (down 5% YoY); EBIT: SEK 14 million (margin 19%); EPS: SEK 0.79.

• H1 2026 net sales: SEK 142 million (up 6% YoY); EBIT: SEK 24 million (margin 17%); EPS: SEK 1.32.

• Operating cash flow: SEK 24 million in Q2; SEK 15 million YTD.

• Equity ratio: 71% as of June 30, 2026.

• Net debt: SEK 34 million; cash SEK 12 million; available credit SEK 48 million.

Outlook and guidance

• Q3 2026 revenue expected to be modestly below Q2 2026.

• Full-year 2026: OEM revenue growth in USD estimated at 45%-60% vs 2025; aftermarket revenue growth 5%-15%; private jet segment to be weakest in years.

• H2 2026 revenue expected to be similar or marginally lower than H1.

• Private jet projects postponed to 2027; strong recovery expected next year.

• OEM ramp-up scheduled for Q1 2027.