C-Rad AB (FRA:24C)
€ 3.18 +0.060 (+1.92%) Market Cap: 108.92 Mil Enterprise Value: 97.14 Mil PE Ratio: 25.58 PB Ratio: 3.40 GF Score: 94/100

Q4 2025 C Rad AB Earnings Call Transcript

Feb 12, 2026 / 10:00 AM GMT
Release Date Price: €2.86 (-1.72%)

Key Points

Positve
  • C-Rad AB (FRA:24C) experienced strong growth in the Americas, with increased revenues in both products and services.
  • The company's gross margin improved from 66% in Q4 last year to 71% this quarter, driven by a higher share of service revenue and favorable market mix.
  • C-Rad AB (FRA:24C) maintained a strong balance sheet with no long-term debt, providing financial stability.
  • The company achieved a significant milestone with the first deliveries of its entry-level system, Catalyst Plus Light, in the Americas.
  • Operating cash flow remained solid and positive, amounting to SEK21 million in Q4 and SEK71 million for the full year, reflecting continued focus on cash discipline.
Negative
  • Order intake for the group declined by 4% year on year in Q4, indicating challenges in certain regions.
  • Revenue for the group was down 6% year on year in constant currencies, highlighting a decrease in overall performance.
  • The APEC region faced challenging conditions with longer sales cycles and increased competition, leading to a sharp decline in order intake and revenue.
  • Operating expenses increased by 8% year on year, primarily due to an increased number of employees and higher costs for freight and customs.
  • EBIT for the fourth quarter, adjusted for unrealized effects and one-off items, decreased to SEK11 million compared to SEK21 million a year ago, with the margin dropping from 17% to 11%.


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

CRADb.ST - C Rad AB
Q4 2025 C Rad AB Earnings Call
Feb 12, 2026 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Thank you and good morning everyone. Welcome to CERAD's presentation of our results for the 4th quarter and full year 2025.

I'm Thomas Brungqvist, CEO of CAD, and joining me today is our CFO Linda Frilian.

I will begin with a brief introduction and perspective. After that, Linda will walk through the financial and regional performance, and we will then open up the call for a Q&A session.

This is my 9th day and 1st quarterly webcast as CEO of CRAAD, and I would like to begin by saying that I'm very happy and humbled to take on this role.

I also would like to thank the board for its confidence, and I want to express my sincere appreciation to our interim leadership team, Linda F Verlen, Yuanielsson, and board member
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