Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 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. Aankondiging • May 11
Ctek AB (Publ) Elects Members of Board CTEK AB at its Annual General Meeting held on May 8, 2026, Karl Sandlund and Andreas Örje Wellstam were elected as new board members for the time until the end of the next Annual General Meeting. Andreas Örje Wellstam was elected as chairman of the board. Aankondiging • Apr 12
CTEK AB (publ) to Report Q4, 2026 Results on Feb 04, 2027 CTEK AB (publ) announced that they will report Q4, 2026 results on Feb 04, 2027 Aankondiging • Dec 09
CTEK AB (publ), Annual General Meeting, May 08, 2026 CTEK AB (publ), Annual General Meeting, May 08, 2026. Aankondiging • 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). Aankondiging • 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. Aankondiging • 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 Aankondiging • 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. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: kr0.09 (vs kr3.10 loss in 3Q 2023) Third quarter 2024 results: EPS: kr0.09 (up from kr3.10 loss in 3Q 2023). Revenue: kr223.1m (up 12% from 3Q 2023). Net income: kr6.60m (up kr223.3m from 3Q 2023). Profit margin: 3.0% (up from net loss in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. Aankondiging • 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. Aankondiging • 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 New Risk • Dec 13
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 4.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.7% operating cash flow to total debt). Minor Risk Shareholders have been diluted in the past year (40% increase in shares outstanding). Aankondiging • 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. Aankondiging • 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. Aankondiging • 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. Aankondiging • 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 Aankondiging • Nov 15
CTEK AB (publ), Annual General Meeting, May 15, 2024 CTEK AB (publ), Annual General Meeting, May 15, 2024. Aankondiging • 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. Aankondiging • 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. Reported Earnings • Aug 10
Second quarter 2023 earnings released: kr0.32 loss per share (vs kr0.24 profit in 2Q 2022) Second quarter 2023 results: kr0.32 loss per share (down from kr0.24 profit in 2Q 2022). Revenue: kr200.4m (down 15% from 2Q 2022). Net loss: kr22.1m (down 287% from profit in 2Q 2022). Board Change • Jul 26
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. 
