tiprankstipranks
Trending News
More News >

CTEK AB Sets Ambitious 2028 Financial Targets and Expands Market Reach

Story Highlights
CTEK AB Sets Ambitious 2028 Financial Targets and Expands Market Reach

Confident Investing Starts Here:

An update from CTEK AB ( (SE:CTEK) ) is now available.

CTEK AB announced ambitious financial targets for 2028, aiming to achieve SEK 2 billion in net sales and a 20% adjusted EBITA margin. The introduction of new product categories, Premium Booster and Power Solutions, is expected to significantly expand the company’s addressable market from SEK 20 billion to over SEK 75 billion, enhancing its strategic market position and growth potential.

The most recent analyst rating on (SE:CTEK) stock is a Hold with a SEK20.00 price target. To see the full list of analyst forecasts on CTEK AB stock, see the SE:CTEK Stock Forecast page.

More about CTEK AB

CTEK AB operates in the automotive industry, focusing on providing advanced battery charging solutions. The company is known for its electric vehicle chargers and accessories, aiming to expand its market presence with new product categories.

Average Trading Volume: 66,137

Current Market Cap: SEK961.5M

See more insights into CTEK stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1