C-Rad AB (FRA:24C)
€ 3.12 +0.13 (+4.35%) Market Cap: 108.90 Mil Enterprise Value: 97.12 Mil PE Ratio: 25.10 PB Ratio: 3.34 GF Score: 95/100

Q3 2025 C Rad AB Earnings Call Transcript

Oct 23, 2025 / 09:00 AM GMT
Release Date Price: €2.9 (-5.70%)

Key Points

Positve
  • Order intake grew by 11% and revenue increased by 16% in constant currencies, driven by strong performance in the EEA region and the services business.
  • The operating margin improved to 19% for the quarter, supported by a favorable market mix and strong service contributions.
  • C-Rad AB (FRA:24C) reported a strong operating cash flow of 24 million, highlighting effective cash management.
  • The service business continues to grow, with increasing revenues from service contracts over the past 2.5 years, contributing significantly to total revenues.
  • Gross profit increased to 83 million from 73 million a year ago, with a gross margin of 74%, attributed to a higher share of service revenue and favorable market mix.
Negative
  • Order intake and revenue in the Americas declined by 40% and 15%, respectively, due to market uncertainty and slower decision-making.
  • APEC region experienced a 16% decline in order intake and a 3% decline in revenue, particularly impacted by lower performance in Japan and Hong Kong.
  • Operating expenses increased by 12% year-on-year, primarily due to the Astral congress and adjustments in bonus provisions.
  • The gross margin is considered temporarily high due to one-time adjustments, with the underlying margin expected to be in the high 60s.
  • The US market faces constraints due to limited budgets for capital equipment, affecting decision timelines and creating uncertainties.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CRADb.ST - C Rad AB
Q3 2025 C Rad AB Earnings Call
Oct 23, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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And welcome to our Q3 presentation.

This time, the presentation will be somewhat different compared to what you have seen before. The agenda will be key takeaways from the quarter, followed by some comments on the regional performance. After that, Ian will present the service business, and then we will conclude with the financials.

And with that short introduction, let's look into the takeaways from Q3.

The performance in the quarter varied across regions. Order intake grew 11% and revenue grew 16% in constant currencies.

The increase in both order intake and revenue were driven by the performance in EEA, together with our services business.

We saw a positive EBIT development and the operating margin
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