2026 Q1 -tulosraportti
31 päivää sitten
‧20 min
2,40 SEK/osake
Viimeisin osinko
3,93%Tuotto/v
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 43 | - | - | ||
| 42 | - | - | ||
| 58 | - | - | ||
| 21 | - | - | ||
| 22 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Nordea Bank Abp | 169 927 | 169 927 | 0 | 169 927 |
| Anonyymi | 23 647 | 23 647 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Nordea Bank Abp | 169 927 | 169 927 | 0 | 169 927 |
| Anonyymi | 23 647 | 23 647 | 0 | 0 |
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q2 -tulosraportti 21.7. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 28.4. | ||
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 24.10.2025 | ||
2025 Q2 -tulosraportti 18.7.2025 | ||
2025 Q1 -tulosraportti 25.4.2025 |
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·13 t sittenThought I'd share a setup I'm looking at. Not advice, just my analysis. What triggered me The Q1 report on April 28 looked mixed on the surface — order intake -60% YoY in headlines. The market dumped the stock to ~117 SEK. The day after (April 29), chairman Tomas Torlöf bought 50 000 shares for 5.85 MSEK personally via Trulscom Förvaltning. The same day, CEO Henrik Höjer and board member Johansson also bought. A month later (May 28), a second cluster emerged: CEO, CFO and three board members bought coordinated @ SEK 130.27. This is classic "insider buying on bad-news day" — the type of signal Peter Lynch and several Nordic value investors monitor. Management knew that the drop in order intake was a comparison effect (one-off Retrofit order Q1 2025), not a demand signal. The Substance Q1 2026 showed clear inflection: revenue +22% (FX-adjusted +41%), EBIT +147% with margin from 7% to 15%, EPS 0.30 → 0.53 (+77%). Guidance 2026: OEM +45-60%, aftermarket +5-15%, target gradually towards 25% EBIT margin. Installed base on Boeing 787 + Airbus A350 grew 10% during 2025 = compounding aftermarket going forward. Ownership and Short-selling Picture Trulscom (chairman) 14.17% — adding. Odin Small Cap 7.98% — adding weakly. The sellers are passive foreign custodians (J.P. Morgan, State Street) + AP2. Short selling: 0.3% total, zero positions above the disclosure threshold. In a stock down 50% from the peak, the absence of institutional shorts says something. If PMA competition or margin collapse were structural, someone would have shorted. Asymmetry Bear case (insider floor around 117 SEK): -15% from today's price. Base case (~155 SEK 2027-28): +13%. Bull case (25% margin + AM growth, ~200 SEK): +46%. Approximately 3:1 asymmetry at today's price. Risks to be honest about Customer concentration 787/A350 — if Boeing gets a new production halt, the thesis breaks. PMA competition on consumables is a low-margin threat long-term. Cyclical earnings — NOT a linear compounder, EPS swung 6.84 (2024) → 3.09 (2025). Comfort product — airlines can turn off humidifiers in a downturn. Q2 2026 will revenue-wise be below Q2 2025 (difficult comparison).
·7 t sittenGood setup but are you aware that USD has lost +15% against SEK in the last 18 mån? I seem to recall that CTT basically has all fsg in USD.·7 t sittenThanks for bringing up the USD/SEK issue. I have now calculated it with data from the annual report and must adjust down conviction. What the annual report says: CTT invoices the majority in USD but has costs primarily in SEK. In 2025, USD/SEK went from 10.56 to 9.82 on average (-7%) which cost -32 MSEK on EBIT. The company deliberately does not hedge with forwards — it's an active choice, not carelessness, but it means that we as shareholders bear the entire FX risk. Sensitivity: -32 MSEK / -7% USD movement = approximately 4.6 MSEK EBIT per percent of USD weakening. That is a strong leverage. Applied to 2026: USD/SEK is now around 9.28 with a Trading Economics forecast of 9.16 in 12 months. If the average ends up around 9.30, that's an additional -5.3% against the 2025 average, which means approximately -24 MSEK FX headwind on top of 2025's -32 MSEK. For perspective: total EBIT 2025 was 47.5 MSEK. This is not trivial. What it means for the 25% target: To reach a 25% EBIT margin on 300 MSEK revenue, 75 MSEK in EBIT is required. Volume growth via OEM +45-60% and aftermarket +5-15% might add 50 MSEK to the EBIT line against 2025 — but with 24 MSEK FX headwind, the net shrinks to 26 MSEK. That's enough for an 18-20% margin, not 25%. The company itself confirms in Q1: "expects to be below target in the quarter". The 25% margin target is a 2028-story, not 2026-27.
·2 päivää sittenLooks better today, despite the generally dull stock market development overall. The dividend 2,40, has it already been paid out? Haven't really seen it. Over 130, good if we now get it up to the 150-level again then it looks bright. According to Aktiespararna a potential buyout/takeover candidate that has fallen TOO much.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2026 Q1 -tulosraportti
31 päivää sitten
‧20 min
2,40 SEK/osake
Viimeisin osinko
3,93%Tuotto/v
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·13 t sittenThought I'd share a setup I'm looking at. Not advice, just my analysis. What triggered me The Q1 report on April 28 looked mixed on the surface — order intake -60% YoY in headlines. The market dumped the stock to ~117 SEK. The day after (April 29), chairman Tomas Torlöf bought 50 000 shares for 5.85 MSEK personally via Trulscom Förvaltning. The same day, CEO Henrik Höjer and board member Johansson also bought. A month later (May 28), a second cluster emerged: CEO, CFO and three board members bought coordinated @ SEK 130.27. This is classic "insider buying on bad-news day" — the type of signal Peter Lynch and several Nordic value investors monitor. Management knew that the drop in order intake was a comparison effect (one-off Retrofit order Q1 2025), not a demand signal. The Substance Q1 2026 showed clear inflection: revenue +22% (FX-adjusted +41%), EBIT +147% with margin from 7% to 15%, EPS 0.30 → 0.53 (+77%). Guidance 2026: OEM +45-60%, aftermarket +5-15%, target gradually towards 25% EBIT margin. Installed base on Boeing 787 + Airbus A350 grew 10% during 2025 = compounding aftermarket going forward. Ownership and Short-selling Picture Trulscom (chairman) 14.17% — adding. Odin Small Cap 7.98% — adding weakly. The sellers are passive foreign custodians (J.P. Morgan, State Street) + AP2. Short selling: 0.3% total, zero positions above the disclosure threshold. In a stock down 50% from the peak, the absence of institutional shorts says something. If PMA competition or margin collapse were structural, someone would have shorted. Asymmetry Bear case (insider floor around 117 SEK): -15% from today's price. Base case (~155 SEK 2027-28): +13%. Bull case (25% margin + AM growth, ~200 SEK): +46%. Approximately 3:1 asymmetry at today's price. Risks to be honest about Customer concentration 787/A350 — if Boeing gets a new production halt, the thesis breaks. PMA competition on consumables is a low-margin threat long-term. Cyclical earnings — NOT a linear compounder, EPS swung 6.84 (2024) → 3.09 (2025). Comfort product — airlines can turn off humidifiers in a downturn. Q2 2026 will revenue-wise be below Q2 2025 (difficult comparison).·7 t sittenGood setup but are you aware that USD has lost +15% against SEK in the last 18 mån? I seem to recall that CTT basically has all fsg in USD.·7 t sittenThanks for bringing up the USD/SEK issue. I have now calculated it with data from the annual report and must adjust down conviction. What the annual report says: CTT invoices the majority in USD but has costs primarily in SEK. In 2025, USD/SEK went from 10.56 to 9.82 on average (-7%) which cost -32 MSEK on EBIT. The company deliberately does not hedge with forwards — it's an active choice, not carelessness, but it means that we as shareholders bear the entire FX risk. Sensitivity: -32 MSEK / -7% USD movement = approximately 4.6 MSEK EBIT per percent of USD weakening. That is a strong leverage. Applied to 2026: USD/SEK is now around 9.28 with a Trading Economics forecast of 9.16 in 12 months. If the average ends up around 9.30, that's an additional -5.3% against the 2025 average, which means approximately -24 MSEK FX headwind on top of 2025's -32 MSEK. For perspective: total EBIT 2025 was 47.5 MSEK. This is not trivial. What it means for the 25% target: To reach a 25% EBIT margin on 300 MSEK revenue, 75 MSEK in EBIT is required. Volume growth via OEM +45-60% and aftermarket +5-15% might add 50 MSEK to the EBIT line against 2025 — but with 24 MSEK FX headwind, the net shrinks to 26 MSEK. That's enough for an 18-20% margin, not 25%. The company itself confirms in Q1: "expects to be below target in the quarter". The 25% margin target is a 2028-story, not 2026-27.
- ·2 päivää sittenLooks better today, despite the generally dull stock market development overall. The dividend 2,40, has it already been paid out? Haven't really seen it. Over 130, good if we now get it up to the 150-level again then it looks bright. According to Aktiespararna a potential buyout/takeover candidate that has fallen TOO much.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 43 | - | - | ||
| 42 | - | - | ||
| 58 | - | - | ||
| 21 | - | - | ||
| 22 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Nordea Bank Abp | 169 927 | 169 927 | 0 | 169 927 |
| Anonyymi | 23 647 | 23 647 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Nordea Bank Abp | 169 927 | 169 927 | 0 | 169 927 |
| Anonyymi | 23 647 | 23 647 | 0 | 0 |
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q2 -tulosraportti 21.7. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 28.4. | ||
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 24.10.2025 | ||
2025 Q2 -tulosraportti 18.7.2025 | ||
2025 Q1 -tulosraportti 25.4.2025 |
2026 Q1 -tulosraportti
31 päivää sitten
‧20 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q2 -tulosraportti 21.7. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 28.4. | ||
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 24.10.2025 | ||
2025 Q2 -tulosraportti 18.7.2025 | ||
2025 Q1 -tulosraportti 25.4.2025 |
2,40 SEK/osake
Viimeisin osinko
3,93%Tuotto/v
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·13 t sittenThought I'd share a setup I'm looking at. Not advice, just my analysis. What triggered me The Q1 report on April 28 looked mixed on the surface — order intake -60% YoY in headlines. The market dumped the stock to ~117 SEK. The day after (April 29), chairman Tomas Torlöf bought 50 000 shares for 5.85 MSEK personally via Trulscom Förvaltning. The same day, CEO Henrik Höjer and board member Johansson also bought. A month later (May 28), a second cluster emerged: CEO, CFO and three board members bought coordinated @ SEK 130.27. This is classic "insider buying on bad-news day" — the type of signal Peter Lynch and several Nordic value investors monitor. Management knew that the drop in order intake was a comparison effect (one-off Retrofit order Q1 2025), not a demand signal. The Substance Q1 2026 showed clear inflection: revenue +22% (FX-adjusted +41%), EBIT +147% with margin from 7% to 15%, EPS 0.30 → 0.53 (+77%). Guidance 2026: OEM +45-60%, aftermarket +5-15%, target gradually towards 25% EBIT margin. Installed base on Boeing 787 + Airbus A350 grew 10% during 2025 = compounding aftermarket going forward. Ownership and Short-selling Picture Trulscom (chairman) 14.17% — adding. Odin Small Cap 7.98% — adding weakly. The sellers are passive foreign custodians (J.P. Morgan, State Street) + AP2. Short selling: 0.3% total, zero positions above the disclosure threshold. In a stock down 50% from the peak, the absence of institutional shorts says something. If PMA competition or margin collapse were structural, someone would have shorted. Asymmetry Bear case (insider floor around 117 SEK): -15% from today's price. Base case (~155 SEK 2027-28): +13%. Bull case (25% margin + AM growth, ~200 SEK): +46%. Approximately 3:1 asymmetry at today's price. Risks to be honest about Customer concentration 787/A350 — if Boeing gets a new production halt, the thesis breaks. PMA competition on consumables is a low-margin threat long-term. Cyclical earnings — NOT a linear compounder, EPS swung 6.84 (2024) → 3.09 (2025). Comfort product — airlines can turn off humidifiers in a downturn. Q2 2026 will revenue-wise be below Q2 2025 (difficult comparison).·7 t sittenGood setup but are you aware that USD has lost +15% against SEK in the last 18 mån? I seem to recall that CTT basically has all fsg in USD.·7 t sittenThanks for bringing up the USD/SEK issue. I have now calculated it with data from the annual report and must adjust down conviction. What the annual report says: CTT invoices the majority in USD but has costs primarily in SEK. In 2025, USD/SEK went from 10.56 to 9.82 on average (-7%) which cost -32 MSEK on EBIT. The company deliberately does not hedge with forwards — it's an active choice, not carelessness, but it means that we as shareholders bear the entire FX risk. Sensitivity: -32 MSEK / -7% USD movement = approximately 4.6 MSEK EBIT per percent of USD weakening. That is a strong leverage. Applied to 2026: USD/SEK is now around 9.28 with a Trading Economics forecast of 9.16 in 12 months. If the average ends up around 9.30, that's an additional -5.3% against the 2025 average, which means approximately -24 MSEK FX headwind on top of 2025's -32 MSEK. For perspective: total EBIT 2025 was 47.5 MSEK. This is not trivial. What it means for the 25% target: To reach a 25% EBIT margin on 300 MSEK revenue, 75 MSEK in EBIT is required. Volume growth via OEM +45-60% and aftermarket +5-15% might add 50 MSEK to the EBIT line against 2025 — but with 24 MSEK FX headwind, the net shrinks to 26 MSEK. That's enough for an 18-20% margin, not 25%. The company itself confirms in Q1: "expects to be below target in the quarter". The 25% margin target is a 2028-story, not 2026-27.
- ·2 päivää sittenLooks better today, despite the generally dull stock market development overall. The dividend 2,40, has it already been paid out? Haven't really seen it. Over 130, good if we now get it up to the 150-level again then it looks bright. According to Aktiespararna a potential buyout/takeover candidate that has fallen TOO much.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 43 | - | - | ||
| 42 | - | - | ||
| 58 | - | - | ||
| 21 | - | - | ||
| 22 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Nordea Bank Abp | 169 927 | 169 927 | 0 | 169 927 |
| Anonyymi | 23 647 | 23 647 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Nordea Bank Abp | 169 927 | 169 927 | 0 | 169 927 |
| Anonyymi | 23 647 | 23 647 | 0 | 0 |