Sweden's CTEK Q4 sales fall 21% on ended GM deal

CTEK AB (publ)

06/02/2026 06:53

Overview

Sweden-based battery charger maker's Q4 net sales fell due to ended GM cooperation

Gross margin for Q4 increased significantly to 63.2%

Operating cash flow for Q4 rose to 131 MSEK, strengthening financial position

Outlook

Company preparing for additional product launches within EVSE early this year

CTEK continues to strengthen market position in Low Voltage segment

Result Drivers

ENDED GM COOPERATION - Revenue decline attributed to the ended cooperation with General Motors, negative currency effects, and weaker North American market

PRODUCT LAUNCHES - Launched new products in Low Voltage and preparing for additional launches in EVSE

INCREASED GROSS MARGIN - Gross margin increased significantly, contributing to strengthened financial position

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
SEK 209 mln
Q4 Adjusted EBITA
SEK 30 mln
Q4 Operating Cash Flow
SEK 131 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy."

Wall Street's median 12-month price target for CTEK AB (publ) is SEK23.50, about 89.8% above its February 5 closing price of SEK12.38

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nWkr1tZtHv

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)