Q3 2025 CTEK AB (publ) Earnings Call Transcript
Key Points
- CTEK AB (OSTO:CTEK) achieved a high gross margin of over 59% in Q3 2025, driven by strong sales in the Low Voltage segment.
- The company reported an organic growth of 4% when excluding the discontinued GM business.
- CTEK AB is experiencing growth with Amazon as a customer, with a relationship spanning over five years.
- The company is on track with its product launches, including the CS ONE with WiFi function, the NXT series, and Premium Boosters, which are expected to significantly increase the addressable market.
- CTEK AB maintains a strong EBITDA level of above 41% in its Consumer division, which accounts for about three-quarters of its turnover.
- CTEK AB reported a net sales decrease of around 27% in its Professional division, partly due to the ceased collaboration with GM and lower activity in the EVSE market.
- The company's cash flow was negative at SEK19 million in Q3 2025, impacted by seasonal patterns and late payments from a major customer.
- The EV charging market remains slow, affecting CTEK AB's growth in this segment despite having a strong product offering.
- CTEK AB's Professional division reported an EBITDA at zero level, impacted by a SEK2 million hit related to refractive correction of import duties in Europe.
- The UK market remains challenging for CTEK AB, with only slight improvements in customer interest, affecting sales projections for 2026.
Welcome to CTEK Q3 Report 2025. (Operator Instructions)
Now I will hand the conference over to the speakers, CEO, Henrik Fagrenius; and CFO, Thom Mathisen. Please go ahead.
Thank you very much, operator, and a warm welcome to CTEK's Q3 earnings call. Today's presentators are myself, Henrik Fagrenius. And beside me, I have our CFO, Thom Mathisen. Before we start, I do, as usual, take a short introduction of CTEK. CTEK was founded more than 25 years ago in Vikmanshyttan by the entrepreneur Bengt Wahlqvist, who was the inventor of the first pulse charging -- charger.
We have three integrated center of excellences in Falun, Norrkoping, and Shenzhen, where we do all the R&D, testing and quality. We have mainly two CTEK technologies. And in those technologies, we have different subsegments. So we have a consumer, client brand, professional, and power solution for Low Voltage. And in the EVSE, we have destination charging, client brand, load-balancing, and service & support.
We go
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