CTT Systems (CTT) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 3% YoY to MSEK 76.4 and EBIT increased 24% to MSEK 23.1; EBIT margin reached 30%.

• Strong Aftermarket demand supported results, while ~MSEK 6 of OEM deliveries shifted to Q4; rising A350 humidifier content adds a growth driver beyond aircraft production.

Financial highlights

• Q3 net profit was MSEK 17.3 vs 14.4; EPS was SEK 1.38 vs 1.15, and operating cash flow was MSEK 19.5 vs 33.1.

• Jan–Sep sales rose 5% to MSEK 218.4, or 9% currency-adjusted; EBIT increased to MSEK 47.1 from 40.5.

• Jan–Sep net profit was MSEK 33.8 vs 33.0; EPS was SEK 2.70 vs 2.63, and operating cash flow was MSEK 34.8 vs 40.8.

Outlook and guidance

• Q4 revenue in USD is expected to exceed Q3, led by OEM shipments including deferred Boeing 787 deliveries; Private jet revenue is expected to be limited, with no Retrofit revenue.

• FY2026 OEM revenue growth guidance narrowed to 45–50% from 45–60%; H2 revenue is expected in line with or marginally below H1.

• FY2026 Aftermarket growth guidance rose to 20–25% from 5–15%; this pace is not considered sustainable and reflects weak 2025 comparatives.

• FY2026 Private jet revenue is expected to be the weakest in several years; Retrofit revenue in USD is expected in line with 2025, with deliveries scheduled for 2027.