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CTEK (CTEK) investor relations material
CTEK Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q4 2025 delivered strong profitability, with gross margin rising to 63.2% and net debt ratio reduced to 1.2, well below the target of 3, supported by robust cash flow and cost control.
Net sales for Q4 2025 were SEK 209 million, stable year-over-year when excluding the discontinued General Motors EV business, which contributed SEK 46 million in Q4 last year.
Several new products, including premium boosters and new EV charger models, were launched, expanding the addressable market and receiving positive feedback.
Strategic plan execution and new product launches lay a foundation for growth in 2026 and beyond, with updated targets of SEK 2 billion in net sales and a 20% adjusted EBITA margin by 2028.
Margins improved due to favorable product mix, price increases, and cost control.
Financial highlights
Q4 2025 net sales: SEK 209 million (down from SEK 279 million in Q4 2024); full-year net sales: SEK 832 million (down from SEK 914 million in 2024).
Q4 gross margin: 63.2% (up from 49.8%); Q4 adjusted EBITA: SEK 30 million (SEK 25 million); Q4 EBIT: SEK 27 million (loss of SEK 69 million).
Q4 cash flow from operating activities: SEK 131 million (SEK 59 million prior year); cash flow after investment activities: SEK 118 million.
Consumer division accounted for 75% of turnover, with organic sales declining from SEK 184 million to SEK 159 million due to currency and softer US market.
Professional division net sales declined 45% to SEK 50 million, mainly due to the end of the General Motors EV business; adjusted EBITDA margin improved to 1.8% from -10.5%.
Outlook and guidance
Positive outlook for 2026, with new product launches and a strong platform for growth; gradual sales increase expected.
Strategic targets reaffirmed: SEK 2 billion net sales and 20% adjusted EBITA margin by 2028.
No dividend proposed for 2025 to prioritize growth and business development.
No expected increase in CapEx; sufficient resources for ongoing product development.
Focus on expanding in power solutions and monitoring acquisition opportunities.
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