CTEK (CTEK) investor relations material

Executive summary

• Achieved strong profitability and robust cash flow in Q1 2026 despite a 6% organic decline in net sales, supported by improved gross margin and a declining net debt ratio to 0.8.

• Consumer division delivered 9% organic growth, driven by successful new product launches and positive market reception, offsetting Professional division's 34% organic decline.

• Initiated a strategic review of the EVSE business due to ongoing weak sales, with a focus on reallocating resources to the core Low Voltage segment.

Financial highlights

• Net sales reached SEK 188 million, down from SEK 213 million year-over-year.

• Gross margin improved to 61.7% from 56.4% year-over-year.

• Adjusted EBITDA reached SEK 57 million, with a margin of about 40%, and adjusted EBITA was SEK 19 million (10.1% margin).

• Cash flow from operating activities surged to SEK 61 million from SEK 8 million year-over-year; net cash flow after CapEx was SEK 54 million.

• Net debt ratio decreased to 0.8x from 1.9x; SEK 50 million of long-term liabilities repaid during the quarter.

Outlook and guidance

• Continued investment in new product development with a roadmap extending through 2026 and 2027.

• Focus remains on core Low Voltage business and Consumer division for future growth and profitability.

• Expectation of increased sales from premium boosters as volume models are introduced later in the year or early next year.

• Gross margin improvement seen as strong but not guaranteed to be sustained at Q1 levels.

• Strategic review of the EVSE business underway to enhance long-term value.