CTTNasdaq StockholmIndustrialsIFRS · SEK

CTT Systems

CTT Systems AB is a Swedish company specializing in the development and manufacturing of humidity control systems for aircraft. The company provides innovative solutions that enhance passenger comfort by minimizing fuselage condensation and increasing cabin air humidity. CTT Systems is a key supplier to major aircraft manufacturers such as Boeing and Airbus, and serves numerous leading airlines globally. Listed on Nasdaq Stockholm, CTT Systems is headquartered in Nyköping, Sweden.

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Revenue264m SEK
−12.0 %y/y
Operating profit (EBIT)277m SEK
−13.1 %y/y
EBIT margin105.0%
−1.3 ppy/y
Net income38.6m SEK
−54.9 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

0100200300400m SEK2021: 151 m SEK2021: EBIT 176 m SEK20212022: 241 m SEK2022: EBIT 263 m SEK20222023: 309 m SEK2023: EBIT 312 m SEK20232024: 300 m SEK2024: EBIT 319 m SEK20242025: 264 m SEK2025: EBIT 277 m SEK2025TTM 2026: 273 m SEKTTM 2026: EBIT 44 m SEKTTM27344
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year
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Business

Share of revenue
OEM Systems15 %

Humidity control systems supplied to aircraft manufacturers like Boeing and Airbus.

Aftermarket Services75 %

Spare parts and maintenance services for existing aircraft systems.

Private Jet Systems10 %

Customized humidity control solutions for private jets.

Customers

CTT Systems serves a diverse range of customers within the aviation industry, including major aircraft manufacturers such as Boeing and Airbus. The company also provides its products to many of the world's leading airlines, enhancing passenger comfort and aircraft efficiency. Private jet owners and operators are another key customer segment, benefiting from customized humidity control solutions. Aftermarket services are crucial for airlines to maintain optimal performance of humidity systems over time.

Aircraft Manufacturers

Purchase OEM humidity control systems for new aircraft.

Commercial Airlines

Use systems to improve passenger comfort and reduce maintenance costs.

Private Jet Operators

Require customized solutions for luxury and comfort.

Aftermarket Distributors

Supply spare parts and services to airlines.

Strategy

CTT Systems is focused on expanding its market share in the aviation industry by enhancing its product offerings and strengthening relationships with major OEMs like Boeing and Airbus. The company aims to increase its aftermarket services to ensure steady revenue streams. CTT is also investing in R&D to innovate and improve its humidity control technologies. Strategic partnerships and collaborations are being pursued to enhance market penetration and customer satisfaction.

Enhance Product OfferingsMedium term

To capture a larger market share and meet evolving customer needs.

Strengthen OEM RelationshipsLong term

To secure long-term contracts and stable revenue.

Expand Aftermarket ServicesShort term

To ensure steady revenue streams and customer retention.

Geography

CTT Systems operates globally, with a strong presence in Europe and North America, where major aircraft manufacturers and airlines are based. The company's headquarters and primary manufacturing facilities are located in Nyköping, Sweden. CTT's geographic reach is crucial for serving its international clientele, including airlines and private jet operators worldwide. The company's exposure to USD/SEK exchange rates is significant due to its revenue being primarily in USD while costs are in SEK.

Risks

CTT Systems faces several risks, including currency fluctuations, particularly the USD/SEK exchange rate, which can significantly impact earnings. The company is also exposed to the cyclicality of the aviation industry, which affects demand for new aircraft and aftermarket services. Operational risks include potential disruptions in manufacturing and supply chain challenges. Additionally, technological advancements by competitors could impact CTT's market position.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Currency Fluctuations1Aviation Industry Cyclicality2Manufacturing Disruptions3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Currency FluctuationsImpact: HighLikelihood: Medium

    Most revenues are in USD while costs are in SEK.

  2. Aviation Industry CyclicalityImpact: MediumLikelihood: Medium

    Demand for new aircraft and services varies with economic cycles.

  3. Manufacturing DisruptionsImpact: MediumLikelihood: Low

    Could lead to delays and increased costs.

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Accounting

Judgemental items
Currency Fluctuations

Affects reported earnings due to USD/SEK exposure.

Revenue Recognition

Critical for long-term OEM contracts and timing.

Inventory Management

Impacts cost management and service delivery.

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Last updated: 24/09/2026