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C-RAD
C-RAD (CRAD) investor relations material
C-RAD Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
New CEO with extensive life science and medtech experience appointed in February 2026, emphasizing pragmatic, execution-driven leadership focused on clarity, accountability, and teamwork.
Initial CEO priorities include deep business understanding, stakeholder engagement, and establishing disciplined growth structures.
Order intake for Q4 2025 decreased 10% year-over-year to MSEK 151, with full-year order intake up 1% to MSEK 489, driven by strong growth in Services but a decline in Products.
Revenue for Q4 2025 fell 13% to MSEK 106, and full-year revenue decreased 6% to MSEK 442, with Services revenue up 30% and Products down 13% year-over-year.
Emphasis on converting strengths into measurable, repeatable results and strengthening commercial execution for scalable, sustainable growth.
Financial highlights
Q4 order intake declined 4% year-on-year in constant currencies, with Americas showing growth, EMEA stable, and APAC declining.
Group revenue down 6% year-on-year in constant currencies, mainly due to slower product deliveries in APAC.
Gross margin improved to 71% in Q4 (from 66% last year) and 69% for the full year (from 68%), driven by higher service revenue and favorable regional mix.
Adjusted EBIT for Q4 was SEK 11 million (margin 11%), with full-year adjusted EBIT at SEK 62 million (margin 14%).
Operating cash flow was SEK 21 million in Q4 and SEK 71 million for the full year; cash balances increased to SEK 171 million at year-end.
Outlook and guidance
Focus on disciplined organic growth, efficient organization, and potential selective inorganic opportunities.
Management targets average organic growth above 10%, EBIT margin of 25%, and at least 30% of net profit returned to shareholders.
Continued emphasis on execution, reducing complexity, and delivering on commitments.
External risks such as geopolitical instability, inflation, and US tariffs are being closely monitored.
How to improve product order conversion rate?
What is the plan to reach 25% EBIT margin?
Address Q4 regional revenue performance divergence.
How will accountability be strengthened?
APAC strategy to counter competition?
OpEx increase: how to offset EBIT impact?
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Next C-RAD earnings date
Q1 20266 May, 2026
C-RAD
Next C-RAD earnings date
Q1 20266 May, 2026
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Frequently asked questions
C-Rad AB, develops, manufactures, and sells systems with applications in radiation therapy for the treatment of cancer. The company offers its products under the C-Rad brand name. The company's endoMulti platform is a digital x-ray equipment with an ionizing radiation emitter and an advanced linac electronics module; and its endoDose platform includes linac platforms that are equipped with C-Rad's advanced dosimetry software. It also provides LINACsystems; and therapeutic linear accelerators and their subsystems. The company markets its products directly to customers through a global network of distributors. The company is based in Uppsala, Sweden.
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