January - March 2025
- Net sales amounted to SEK 213 million (201). Organically, net sales increased by 5%.
- The gross margin was 56.4% (54.0).
- Adjusted EBITA amounted to SEK 19 million (19), corresponding to a margin of 9.1% (9.7).
- The cash flow from operating activities amounted to SEK 8 million (45).
"CTEK continued to grow profitability in the first quarter of the year. The Consumer division reported another strong quarter, thereby supporting the Group's growth. It was also gratifying that the Professional division could report a positive EBITDA margin for the first time.", says Henrik Fagrenius, President and CEO of CTEK.
Next phase of the strategic plan for profitable growth
"As previously communicated, during my initial time as CEO at CTEK, I worked together with management to develop a three-phase strategic plan to return the company to profitable growth. We completed the first phase (stability) during the early part of 2024 and we have now made significant progress in the second phase (profitability). We will present more detailed information on what the third phase (profitable growth) will entail for the company at a capital markets day that will be held on 22 May in Stockholm.", says Henrik Fagrenius, President and CEO of CTEK.
To attend the capital markets day, please register your attendance here: https://ctek.events.inderes.com/cmd-2025/register
Today, 6 May at 09:00 CEST, CTEK will hold an audiocast in English. CTEK is represented by CEO Henrik Fagrenius and CFO Thom Mathisen, who present the year-end report and answer questions. For further information: https://ctek.events.inderes.com/q1-report-2025
Before its publication, this information was inside information and is such that CTEK AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, on 6 May 2025 at 07:45 CEST.
For further information please contact:
Marcus Korsgren, SVP Strategy & Communication
+46 72 050 42 46, marcus.korsgren@ctek.com
About CTEK
Established in Dalarna Sweden, CTEK is the leading global brand in battery charging solutions, most specifically vehicle charging.
CTEK offers products ranging from 12V & 24V battery chargers to charging solutions for electrical vehicles.
Products are sold via a carefully selected network of global distributors and retailers, as original equipment, supplied to more than 50 of the world's leading vehicle manufacturers and through charge point operators, property owners as well as other organizations and individuals providing EV charging infrastructure.
CTEK takes pride in its unique culture based on a passion for innovation and a deep commitment to supporting the transition to a greener mobility, by adhering to industry-leading ESG standards.
CTEK's share is listed on Nasdaq Stockholm Small Cap and is traded with the ticker CTEK.
For more information, also visit www.ctekgroup.com