CTEKNasdaq StockholmIndustrialsIFRS · SEK

CTEK

CTEK AB is a Swedish company that designs and sells battery charging and power supply products for vehicles and related applications. Its business is organized around consumer products sold through retail channels and professional solutions sold to vehicle manufacturers, charge point operators, and parking companies, with sales in more than 70 countries.

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Revenue832m SEK
−9.3 %y/y
Operating profit (EBIT)74.8m SEK
+311.3 %y/y
EBIT margin9.0%
+12.9 ppy/y
Net income26.3m SEK
+162.6 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-25002505007501,000m SEK2021: 927 m SEK2021: EBIT 82 m SEK20212022: 957 m SEK2022: EBIT 36 m SEK20222023: 898 m SEK2023: EBIT -230 m SEK20232024: 917 m SEK2024: EBIT -35 m SEK20242025: 832 m SEK2025: EBIT 75 m SEK2025TTM 2026: 788 m SEKTTM 2026: EBIT 75 m SEKTTM78875
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year
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Business

Share of revenue
Consumer battery chargers55 %

Chargers and accessories sold to end consumers through distributors, retailers, and e-traders.

Professional charging solutions35 %

Customized charging and power supply solutions for vehicle manufacturers and infrastructure customers.

EVSE solutions8 %

Electric vehicle supply equipment and related charging products for professional customers.

Accessories and related products2 %

Complementary products that support charging, maintenance, and power supply use cases.

Customers

CTEK sells to both end consumers and professional buyers. Consumer customers buy chargers and accessories through retail and e-commerce channels, while professional customers include vehicle manufacturers, charge point operators, and parking companies that need tailored charging systems. The company also serves premium vehicle manufacturers and other automotive-related customers across a broad international base.

End consumers

Buy smart chargers and accessories for vehicle battery maintenance and convenience.

Retailers, distributors, and e-traders

Sell CTEK consumer products into the market and broaden channel reach.

Vehicle manufacturers

Purchase customized professional charging solutions for factory, service, or vehicle applications.

Charge point operators

Buy EVSE-related solutions for charging infrastructure and operating environments.

Parking companies

Use charging solutions that can be integrated into parking and mobility sites.

Strategy

CTEK’s stated strategy is to grow through innovation in charging and power solutions while expanding both consumer and professional offerings. The company targets SEK 2 billion in net sales by 2028, an adjusted EBITA margin of 20 percent, and disciplined capital structure, while also investing in product development and sustainability.

Product innovationMedium term

New chargers and power solutions support differentiation and customer retention.

Consumer and channel growthMedium term

Retail, distributor, and e-trader reach broadens market access for core products.

Professional solution developmentMedium term

OEM and infrastructure customers require customized offerings with deeper integration.

Sustainability and circularityLong term

Durable products, supplier audits, and logistics efficiency support customer requirements and brand trust.

Geography

CTEK is headquartered in Sweden and operates as a global business with sales in more than 70 countries. Its customer base is spread across Europe, North America, and other international markets, which makes the company exposed to regional demand patterns, channel conditions, and cross-border supply chains. The report does not provide a formal geographic revenue split, so the map should be treated as broad international exposure rather than a country-by-country disclosure.

Risks

CTEK is exposed to demand swings in automotive and EV charging markets, especially in professional EVSE-related businesses where market conditions can weaken. The company also depends on product development, channel execution, and a global supply chain, so delays, supplier issues, or slower adoption of new products can affect performance.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Weak EVSE market conditions1Channel inventory and consumer demand swings2Product obsolescence and innovation risk3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Weak EVSE market conditionsImpact: HighLikelihood: High

    Professional charging and EVSE demand can be cyclical and sensitive to adoption trends.

    Exposure: EVSE business

  2. Channel inventory and consumer demand swingsImpact: MediumLikelihood: High

    Consumer sales depend on distributors, retailers, and e-traders ordering at the right pace.

    Exposure: Consumer division

  3. Product obsolescence and innovation riskImpact: MediumLikelihood: Medium

    Charging products must stay technically relevant and competitive over time.

    Exposure: Battery charging and power supply products

  4. Supply chain and supplier concentrationImpact: Medium

    The company relies on external suppliers and logistics planning for product availability.

    Exposure: Global sourcing

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Accounting

Judgemental items
Revenue recognition

Sales span consumer products and customized professional solutions, which can have different contract terms and timing.

Impact: Reported revenue and quarterly comparability

Capitalized development costs

The company capitalizes development spending for current and future products.

Impact: Intangible assets, amortization, and reported earnings

Impairment of property and intangible assets

Weak market trends or underperforming product lines can trigger write-downs.

Impact: Operating profit and balance sheet values

Working capital seasonality

Inventory and receivables movements can materially affect quarterly cash flow.

Impact: Operating cash flow and liquidity

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Last updated: 24/09/2026