Annuncio • Dec 09
CTEK AB (publ), Annual General Meeting, May 08, 2026 CTEK AB (publ), Annual General Meeting, May 08, 2026. Annuncio • May 22
CTEK AB (publ) Announces Dividend Policy CTEK announced that it invests its resources in growth and business development. In addition, CTEK's goal is to distribute 30% of the year's profit to shareholders (unchanged). Annuncio • May 09
CTEK AB (publ) Elects Lisa Ekelund as New Board Member CTEK AB (publ) announced that Lisa Ekelund was elected as new board member for the time until the end of the next Annual General Meeting. Annuncio • Apr 05
CTEK AB (publ), Annual General Meeting, May 09, 2025 CTEK AB (publ), Annual General Meeting, May 09, 2025, at 13:00 W. Europe Standard Time. Location: cteks premises, at odlingsgatan 9, se-174 53 sundbyberg, Sweden Annuncio • Apr 04
Pernilla Valfridsson Declines Re-Election of Board Member of CTEK AB (publ) CTEK AB (publ) announced that Pernilla Valfridsson, current board member, has declined re-election. Annuncio • May 16
CTEK AB (publ) Approves the Election of Johan Menckel as New Chairman of the Board CTEK AB (publ) approved the Johan Menckel was elected as new chairman of the board, at the AGM held on 15 May 2024. Annuncio • May 15
CTEK AB (publ) to Report Q4, 2024 Results on Feb 07, 2025 CTEK AB (publ) announced that they will report Q4, 2024 results on Feb 07, 2025 Annuncio • Dec 13
CTEK AB Appoints Fredrik Uhrbom as Global Director Consumer CTEK AB has appointed Fredrik Uhrbom as Global Director for the new division Consumer, formerly Aftermarket. The Consumer division is primarily end-consumer focused with sales in more than 70 countries via both distributors, retailers and e-retailers. Fredrik assumes his position, which also means a place in the group management, during January. Fredrik Uhrbom has extensive experience from several companies within the retail industry where he has, among other things, worked as Country Manager Sweden for Clas Ohlson and Sales & Marketing Director for Coop. Earlier in his career, Fredrik spent just over ten years at Hultafors Group as Sales & Market Director. Fredrik, born and raised in Falun, holds a M.Sc. in Business Administration from Dalarna University and Stockholm University. Annuncio • Dec 01
Ctek Continues Trend with Iconic Vicious Reveal At 2023 Sema Show CTEK announced that the CTEK team along with Chris Marechel from Timeless Kustoms, unveiled the long-awaited Vicious 2.0. The vehicle has been in reconstruction since it was hit by a truck following its SEMA Show debut in 2016. Kept under wraps until its reveal at the 2023 SEMA Show in the CTEK booth, the 1,000-HP Vicious 1965 Mustang Fastback was a crowd favorite. As an official authorized SEMA battery charger sponsor and sponsor of the SEMA Cruise, CTEK introduced a SEMA Show limited edition bundle. The bundles features its CS FREE, the ultimate charging solution. The CTEK CS FREE is a 4-in-1 portable battery charger, smart maintainer, adaptive booster and a hi-tech power bank. The unique adaptive booster can safely restart a dead vehicle battery within only 15 minutes. It's a safe-start that can be used instead of jump starting or using a traditional booster – it won't damage the battery or the vehicle electronics. The CS FREE can be used to charge vehicle battery, making sure that you'll be able to travel far and wide, or boost battery when it's running out of charge. Just in time for holiday shopping, CTEK has extended the sale of its SEMA Show limited edition bundle. The bundle includes the CS FREE, CS FREE USB-C Charge Cable Clamps, CS FREE Wall Mount, CS FREE USB-C Charger Cable 12V Plug, CS FREE Storage Case, and a free CTEK SEMA Hat. Annuncio • Nov 23
Ctek AB (Publ) Announces Hans Stråberg Declines Re-Election CTEK AB (publ) announced that Hans Stråberg, Chairman of CTEK's Board of Directors, has informed the Nomination Committee that he is not available for re-election at the next Annual General Meeting. Hans has been Chairman of the Board of Directors since 2011. The Nomination Committee will now start the work to find a successor, and will return at a later date with a proposal for a new Chairman of the Board. Annuncio • Nov 17
CTEK AB (publ) to Report Fiscal Year 2023 Results on Apr 08, 2024 CTEK AB (publ) announced that they will report fiscal year 2023 results on Apr 08, 2024 Annuncio • Nov 15
CTEK AB (publ), Annual General Meeting, May 15, 2024 CTEK AB (publ), Annual General Meeting, May 15, 2024. Annuncio • Nov 02
CTEK AB (publ) Appoints Steven Jenkins Chief Technology Officer CTEK has appointed Steven Jenkins as the new Chief Technology Officer (CTO). The position as CTO is newly established at CTEK and entails overall responsibility for the product development organization. Steven assumes his new position, which also means a place in the group management, from November. Steven Jenkins has extensive experience in product development, mainly in the automotive industry, consumer products and innovation companies. Steven most recently came from a position as CTO/Executive Vice President of Veoneer Active Safety Integration where he was responsible for the company's technology strategy and product portfolio in driver assistance systems (ADAS). He has also previously worked at Motorola Mobility and Configura, where he held a number of leading roles in product development. Steven, originally from Birmingham, UK but living in Sweden for more than 20 years, has a degree in computer science from Bradford University. Annuncio • Sep 26
CTEK Introduces NANOGRID AIR-a Game-Changer in Wireless EV Charging CTEK unveiled NANOGRID AIR-a game-changer in wireless EV charging. Designed to work seamlessly with the CTEK NJORD GO portable EV charger, NANOGRID AIR ensures optimal power distribution to charge Electric Vehicle (EV) while safeguarding main fuse. Mode 2 (portable EVSE) charging usually lacks smart communication between the EV charger and the mains energy meter. This means that features like dynamic load balancing are impossible. That's why NANOGRID air is changing the game - one can load balance while using EV charger NJORD GO. It provides a hassle-free solution for homeowners seeking to charge their EV while keeping their appliances running at full power. By automatically balancing home's energy load at any time of day, NANOGRID AIR ensures house fuse doesn't trip. Setting up NANOGRID Air is a breeze. Just plug in, sync, and you're set for an uninterrupted charging experience. Once connected, it effortlessly communicates with NJORD GO EV charger through home Wi-Fi network. This seamless integration ensures a smooth charging experience without compromising appliance's energy needs. CTEK APP is one-stop control hub. Manage, monitor, and integrate-all from phone. It offers complete communication and control over EV charging experience through one dedicated platform. CTEK's NANOGRID AIR wireless load balancing gateway stands out for its advanced wireless technology, real-time load balancing, adaptability, and energy efficiency. It's a game-changing solution for modern energy management, offering efficiency, intelligence and innovation. Dive into the next-gen of efficient EV charging. NANOGRID air awaits. Board Change • May 19
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Jessica Sandström was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annuncio • May 16
Ctek AB (Publ) Appoints Henrik Fagrenius as President and CEO The board of CTEK AB has appointed Henrik Fagrenius as new President and CEO. Henrik Fagrenius will succeed Ola Carlsson, Acting CEO, in the second half of 2023. Henrik Fagrenius is currently President EMEA, Dometic Group AB. He has previously been President and CEO of Leax Group AB and held several positions within Scania, both in Sweden and internationally. Henrik has an M.Sc. in Mechnical Engineering from Lund University and an B.Sc. in Business Administration from Stockholm University. Reported Earnings • May 11
First quarter 2023 earnings released: kr0.35 loss per share (vs kr0.22 profit in 1Q 2022) First quarter 2023 results: kr0.35 loss per share (down from kr0.22 profit in 1Q 2022). Revenue: kr246.3m (up 4.1% from 1Q 2022). Net loss: kr17.6m (down 263% from profit in 1Q 2022). Board Change • May 03
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Jessica Sandström was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Mar 31
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Jessica Sandström was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Mar 13
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Jessica Sandström was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annuncio • Feb 09
CTEK AB (publ) to Report Fiscal Year 2022 Results on Apr 05, 2023 CTEK AB (publ) announced that they will report fiscal year 2022 results on Apr 05, 2023 Board Change • Jan 18
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Jessica Sandström was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 21% share price decline to kr39.79, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Electrical industry in Europe. Total loss to shareholders of 79% over the past year. Recent Insider Transactions • Dec 03
Chief Operating Officer recently sold kr251k worth of stock On the 28th of November, Stig Mathisen sold around 5k shares on-market at roughly kr50.23 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Stig's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment deteriorated over the past week After last week's 35% share price decline to kr51.18, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the Electrical industry in Europe. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: kr0.14 (vs kr0.74 loss in 3Q 2021) Third quarter 2022 results: EPS: kr0.14 (up from kr0.74 loss in 3Q 2021). Revenue: kr222.5m (up 6.7% from 3Q 2021). Net income: kr6.80m (up kr38.7m from 3Q 2021). Profit margin: 3.1% (up from net loss in 3Q 2021). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electrical industry in the United Kingdom. Annuncio • Nov 03
CTEK AB (publ) Provides Sales Guidance for the Fourth Quarter of 2022 CTEK AB (publ) provided sales guidance for the fourth quarter of 2022. The company estimates that net sales for the fourth quarter will be in line with the third quarter of the year with slightly lower margins, given a changed product mix. Annuncio • Oct 22
CTEK Appoints Gary Brown as New Global Director Aftermarket CTEK has appointed Gary Brown as their new Global Director Aftermarket. Gary takes over from Jon Lind, who has been fulfilling the Aftermarket Director role since 2021, as well as delivering in his CEO position. Gary will take up his formal Executive Management Team (EMT) position from 1st November. Gary Brown has been supporting Jon Lind since May 2021 operating as both Head of Aftermarket Management and Product Manager together with responsibility for Global Marketing. He brings a deep and broad multi-industry perspective across automotive, electronics/IoT, building products, energy/heat and insurance. Gary has great experience spanning B2B, B2B2C and B2C across traditional sales and digital channels in both Europe, Asia Pacific/Oceania and North America. Most recently Gary was CEO of Mont Blanc Group (global automotive accessories) and prior to that held several executive leadership positions in Product, Strategy and Marketing functions in different businesses including 15 years at the Ford Motor Company and it's various brands. Gary has also worked internationally as an advisor on organisational health, leadership, strategy and innovation. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: kr0.24 (vs kr0.092 in 2Q 2021) Second quarter 2022 results: EPS: kr0.24 (up from kr0.092 in 2Q 2021). Revenue: kr237.8m (up 7.6% from 2Q 2021). Net income: kr11.8m (up 203% from 2Q 2021). Profit margin: 5.0% (up from 1.8% in 2Q 2021). Over the next year, revenue is forecast to grow 34%, compared to a 100% growth forecast for the industry in the United Kingdom. Annuncio • Aug 10
CTEK AB (publ) to Report Fiscal Year 2022 Results on Feb 28, 2023 CTEK AB (publ) announced that they will report fiscal year 2022 results on Feb 28, 2023 Reported Earnings • May 12
First quarter 2022 earnings released: EPS: kr0.22 (vs kr0.54 in 1Q 2021) First quarter 2022 results: EPS: kr0.22 (down from kr0.54 in 1Q 2021). Revenue: kr237.7m (flat on 1Q 2021). Net income: kr10.8m (down 52% from 1Q 2021). Profit margin: 4.5% (down from 9.6% in 1Q 2021). Over the next year, revenue is forecast to grow 34%, compared to a 190% growth forecast for the industry in the United Kingdom. Annuncio • May 03
CTEK AB (publ) Appoints Thom Mathisen as the New Chief Financial Officer CTEK AB (publ) has appointed Thom Mathisen as the new chief financial officer. Thom Mathisen will replace Mathias Sandh, who has been acting interim CFO since January, and will take up his new position no later than the fourth quarter. Thom Mathisen has a solid background with a number of leading positions within ABB, where he was CFO at several global business units and at SSAB, where he had the role as CFO for SSAB EMEA and Head of Global Business Services at a group level. Most recently, Thom Mathisen comes from Dellner Couplers Group, where he has been CFO since 2019. Reported Earnings • Feb 19
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr0.10 (down from kr1.94 in FY 2020). Revenue: kr921.8m (up 31% from FY 2020). Net income: kr4.40m (down 95% from FY 2020). Profit margin: 0.5% (down from 12% in FY 2020). Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 27%, compared to a 237% growth forecast for the industry in the United Kingdom. 
