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CTT : SYSTEMS Interim Report First Quarter 2021 ¹ ) FIRST QUARTER 20212 ) • • • • • Net sales decreased by 59 % to SEK 31.4 million ( 77.2 ) - currency adjusted , a reduction of 54 % Operating profit ( EBIT ) decreased to SEK 0.6 million ( 26.7 ) Operating margin ( EBIT margin ) amounted to 2 % ( 35 ) Net profit ( loss ) this period amounted to SEK -3.2 million ( 18.2 ) Earnings per share amounted to SEK -0.26 ( 1.45 ) • Operating cash flow decreased to SEK -6.9 million ( 4.8 ) FORECAST - SECOND QUARTER 2021 ² ) The net sales forecast for the second quarter of 2021 is SEK 35 - 40 million ( 50.4 ) . CTT IN BRIEF ( SEK million ) Net sales Operating profit ( EBIT ) Profit ( loss ) this period Earnings per share ( SEK ) Operating cash flow 2021 Change from Jan - Mar previous year 2020 Jan - Mar 2020 Rolling Jan - Dec 12 months 31.4 -59 % 77.2 200.8 155.0 0.6 -98 % 26.7 38.4 12.3 -3.2 -118 % 18.2 31.1 9.7 -0.26 -118 % 1.45 2.48 0.8 -6.9 -244 % 4.8 -10.8 -22.5 CTT - WORLD LEADER IN ACTIVE HUMIDITY CONTROL IN AIRCRAFT CTT is a market - leading manufacturer of equipment for active control of humidity in aircraft . CTT's dehumidifier and humidifier products minimize fuselage condensation issues and increase cabin air humidity . CTT is a supplier to Boeing and Airbus , and has many of the world's largest airlines as its customers . CTT has been traded on Nasdaq Stockholm since March 1999 , currently on the Mid Cap list and has its registered offices in Nyköping . 1 ) This Interim report is a translation of the original report published in Swedish . In the event of any deviations between the two reports , the Swedish version prevails . 2 ) Unless otherwise stated , outcome comparisons with a previous period in this interim report refer to the corresponding period of the preceding year , and the value is given in brackets . CTT Systems AB ( publ . ) company reg . no . 556430-7741