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CTT : SYSTEMS Net sales Interim Report Second Quarter 2021 ¹ ) SECOND QUARTER 20212 ) • Net sales decreased by 26 % to MSEK 37.5 ( 50.4 ) - currency adjusted , a decline of 16 % Operating profit ( EBIT ) increased to MSEK 6.6 ( 5.9 ) , including items affecting comparability of MSEK +4.8 ( 0.0 ) Operating margin ( EBIT margin ) increased to 18 % ( 12 ) - Adjusted for items affecting comparability , EBIT margin amounted to 5 % ( 12 ) • MSEK 37.5 • Net profit amounted to MSEK 6.1 ( 6.0 ) • EBIT • margin 18 % Earnings per share were SEK 0.49 ( 0.48 ) Operating cash flow increased to MSEK 7.2 ( -9.8 ) , including items affecting comparability of MSEK +9.1 ( 0.0 ) JANUARY - JUNE 20212 ) • • • Net sales decreased by 46 % to MSEK 68.9 ( 127.5 ) - currency adjusted , a decline of 39 % Operating profit ( EBIT ) decreased to MSEK 7.3 ( 32.6 ) , including items affecting comparability of MSEK +4.8 ( 0.0 ) Operating margin ( EBIT margin ) decreased to 11 % ( 26 ) - Adjusted for items affecting comparability , EBIT margin amounted to 4 % ( 26 ) • Net profit amounted to MSEK 2.9 ( 24.2 ) • • Earnings per share were SEK 0.23 ( 1.93 ) Operating cash flow increased to MSEK 0.3 ( -5.0 ) , including items affecting comparability of MSEK +9.1 ( 0.0 ) FORECAST - THIRD QUARTER 2021 – FULL YEAR 2021 2 ) The net sales forecast for the third quarter of 2021 is MSEK 35 - 40 ( 38.3 ) . MSEK 140 – 160 ( 200.8 ) for the full year . CTT IN BRIEF ( MSEK ) 2021 Change from Apr - Jun previous year 2020 Apr - Jun 2021 Jan - Jun 2020 Jan - Jun 2020 Rolling Jan - Dec 12 months Net sales 37.5 -26 % 50.4 68.9 127.5 200.8 142.2 Operating profit ( EBIT ) Profit ( loss ) this period 6.6 12 % 5.9 7.3 32.6 38.4 13.0 6.1 2 % 6.0 2.9 24.2 31.1 9.8 Earnings per share ( SEK ) 0.49 2 % 0.48 0.23 1.93 2.48 0.8 Operating cash flow 7.2 173 % -9.8 0.3 -5.0 -10.8 -5.5 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