Systems for climate control in airplanes

CTT Systems

CTT Systems develops climate control products for aircraft, including dehumidification systems to prevent condensation and humidifiers for crew and passenger wellbeing. CTT’s products are offered on the Boeing 787 and 777X as well as the Airbus A380 and A350. The company holds a majority market share within both dehumidification and humidification products and is a tier-1 supplier to the Boeing 787 and 777X.

Financials

CTT SYSTEMS

SEKm 2017 2018 2019
Sales 273 322 350
Sales growth (%) 8,7 17,9 8,6
EBITDA 66 104 110
EBITDA margin (%) 24 32,2 31,5
EBIT adj 58 101 102
EBIT adj margin (%) 21,2 31,3 29,2
Pretax profit 61 97 101
EPS rep 3,8 6,05 6,28
EPS growth (%) 26,3 59,4 3,9
EPS adj 3,8 6,23 6,28
DPS 2,75 4,2 4,3
EV/EBITDA (x) 31,4 13,7 12,9
EV/EBIT adj (x) 35,5 14,2 13,9
P/E (x) 44 19,2 18,5
P/E adj (x) 44 18,7 18,5
EV/sales (x) 7,5 4,4 4,1
FCF yield (%) 3,6 2 3,7
Dividend yield (%) 1,6 3,6 3,7
Net IB debt/EBITDA -0,5 -0,3 -0,3

Main shareholders

CTT Systems

Main shareholders Share capital % Voting shares % Verified
Tomas Torlöf 12.8 % 12.8 % 30 Sep 2018
B/E Aerospace Inc 9.1 % 9.1 % 30 Jun 2018
Swedbank Robur Fonder 8.0 % 8.0 % 30 Sep 2018
Catron Design AB 4.3 % 4.3 % 30 Sep 2018
Jorame AB 4.2 % 4.2 % 30 Sep 2018
If Skadeförsäkring AB 4.1 % 4.1 % 30 Sep 2018
Allianz Global Investors 3.2 % 3.2 % 31 Jul 2018
AMF Försäkring & Fonder 2.5 % 2.5 % 30 Sep 2018
Bellevue Asset Management 2.1 % 2.1 % 30 Sep 2018
Christer Torlöf 2.1 % 2.1 % 30 Sep 2018

Insider list

CTT Systems

Name
Tony Rosendal
Tommy Ahlsved
Trulscom Förvaltning AB
Hans Torbjörn Erland Johansson
Peter Landquist
Torleif Nilsson
Hans Torbjörn Erland Johansson
Hans Torbjörn Erland Johansson
Hans Torbjörn Erland Johansson
Hans Torbjörn Erland Johansson
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