CTEK (CTEK) Q3 2026 earnings summary

Executive summary

• Q3 net sales were SEK 217.1m, up 2% organically; gross margin rose to 64.5% and adjusted EBITA margin to 17.5%.

• Consumer remained resilient and Professional grew organically as Low Voltage partly recovered and EVSE margins strengthened.

• 9M net sales declined 4% organically to SEK 583.8m, while margins and earnings improved YoY.

Financial highlights

• Q3 revenue was SEK 217.1m versus SEK 212.5m; adjusted EBITA was SEK 37.9m versus SEK 32.0m, with margin at 17.5% versus 15.1%.

• Q3 adjusted EBITDA was SEK 53m versus SEK 47m; EBIT was SEK 34.6m versus SEK 25.4m, and net income rose to SEK 25.2m from SEK 14.4m.

• 9M adjusted EBITA was SEK 71.0m versus SEK 65.2m; EBIT was SEK 57.3m versus SEK 48.2m, and net income rose to SEK 37.6m from SEK 13.2m.

• Q3 operating cash flow was negative SEK 4.6m versus negative SEK 18.5m; 9M operating cash flow was SEK 82.1m versus SEK 20.9m.

• Q3 cash flow after investing activities was negative SEK 14m versus negative SEK 32m; working capital increased ahead of Q4.

Outlook and guidance

• Financial targets remain SEK 2bn net sales and 20% adjusted EBITA margin by 2028; the net debt target is below 3.0x adjusted EBITDA on a rolling 12-month basis.

• EVSE strategic review is progressing as planned, with completion targeted within the current financial year; priority is profitable, growing Low Voltage operations.

• Product launches, online sales expansion, European commercial development and future Power Solutions products are priorities supporting growth.