Sweden · Delayed Price · Currency is SEK CTEK AB Earnings Call Transcripts
Fiscal Year 2026
-
Q1 2026 saw strong profitability and gross margin growth, led by a 9% organic increase in the consumer division, despite lower overall revenue. A strategic review of the EVSE business is underway to focus on core low voltage operations, supported by robust cash flow and a declining net debt ratio.
Fiscal Year 2025
-
Q4 2025 saw strong profitability and cash flow, despite lower turnover from the end of a major contract and currency headwinds. New product launches and a low leverage ratio position the business for growth in 2026, with continued focus on premium and hybrid vehicle solutions.
-
Q3 saw strong low voltage segment growth and record gross margin, offsetting a decline in the Professional division due to the discontinued GM business and a slow EVSE market. New product launches are set for Q4, with significant growth expected in 2026.
-
Q2 revenue declined year-over-year due to lower EVSE sales, but gross margin improved and net debt fell to 1.8. Growth in low voltage and online channels continued, while new product launches and market entries are expected to drive future expansion.
-
Ambitious 2028 targets include SEK 2 billion in sales and 20% EBITDA margin, driven by core low voltage products, new premium boosters, and power solutions, with a tripled addressable market. Growth will be primarily organic, supported by a lean, asset-light model and strong brand equity.
-
Revenue grew 5% year-over-year to SEK 213 million, with strong performance in both consumer and professional divisions. Gross margin reached 56.4%, and the professional segment posted its first positive EBITDA, aided by new product launches and cost control.
Fiscal Year 2024
-
Q4 saw SEK 279 million in sales, 5% organic growth (ex-GM), and a 49.8% gross margin. Consumer division momentum continued, net debt ratio dropped to 1.8, and restructuring plus sales investments are driving gains. EVSE business is expected to rebound in 2025.
-
Q3 delivered 15% organic growth, record Consumer division results, and improved margins. Cash flow and net debt position strengthened, with growth driven by Low Voltage and new customer wins. Stable outlook continues, despite slow EVSE market and tough Q4 comps.
-
Organic revenue grew 6% year-over-year, with strong 26% growth in the Consumer Division and improved profitability. Net debt ratio fell to 2x, and new product launches in Australia and the UK supported segment gains. Focus remains on organic growth and sales expansion.