CTT Systems: Optimism flying high on 2020 guidance - Introduce

Monday, February 10, 2020 8:40 AM
"In a Q4 facing tougher comps as well as the divestment of CTT’s non-core operations in Gustavsberg, sales declined 8% organically and arrived at SEK 84m (-1% vs. ABGSCe), in the lower end of its guidance (83m-88m). Excluding the impact of a receivable re-valuation, the adj. EBIT margin was flat, result in adj. EBIT declining 10% to SEK 22m (-21% vs. ABGSCe). However, the key takeaway from the report was CTT’s 2020 guidance, expecting flat sales growth (ABGSCe -5%)"

Link to commissioned research below.