C-rad Ab Class B · OMXSTO:CRAD_B
C-rad Ab Class B — Q3 2025 Earnings Presentation
19 slides from C-rad Ab Class B's earnings presentation, Oct 23, 2025
Slide 1: Report Q3 2025
Report Q3 2025 October 23, 2025 Linda Frölén Johan Danielsson Acting CEO & CFO Deputy CEO
Slide 2: Q3 2025 – Key takeaways
Q3 2025 – Key takeaways Order Intake YoY: 11%* Order intake growth Revenue YoY: - Driven by EMEA and Services 16%* Strong topline in the quarter EBIT margin: - Solid performance in EMEA Positive EBIT development 19% Operating cash flow: - Favorable market mix and increased share of Services Improved
Slide 3: Q3 development by region
+112% -16% Q3 development by region Order Intake 49 48 40 -40% 28 AMERICAS – Negative impact from market uncertainty 23 - Performance not on par with expectations 17 - Positive response at ASTRO EMEA – High market activity and solid performance Americas EMEA APAC - Continued good momentum +52% Q3’24
Slide 4: Global Services
Global Services Johan Danielsson, Deputy CEO
Slide 5: Increased "book of Service business"
Increased ”book of Service business” • Service Contracts typically three years with extension/renewal • New product sales and installed base (new and renewed contracts) Quarterly Services % of Revenues RTM Services Revenues 30% 100 90 25% 80 70 20% 60 15% 50 40 10% 30 20 5% 10 0% 0 Q1'23 Q2'23 Q3'23
Slide 6: Global Services Mission
Global Services Mission Technical Installation Application Training Enabled & Successful & Acceptance Test cxxx Customers Project implementation Commissioning and education Target group: Target Group: Cross-functional SGRT knowledge transfer, Physicists / Lead Therapists Physicists, therapists and n
Slide 7: Services lifecycle
Services lifecycle Enabled & Successful Customers Cross-functional SGRT knowledge transfer, among peers supported by the industry.
Slide 8: Q3 Financials
Q3 Financials Linda Frölén, Acting CEO & CFO
Slide 9: Q3 Financials
Q3 Financials Order Intake Revenue Gross Profit Gross Margin 106.4 (99.6) MSEK 112.2 (100.1) MSEK 82.8 (72.7) MSEK 74 (73) % +7% +12% +14% +116 bips OPEX EBIT EBIT Margin Operating Cash Flow 60.4 (53.8) MSEK 21.2 (17.3) MSEK 19 (17) % 24.4 (-17.2) MSEK +12% +22%
Slide 10: Temporary boost in gross margin
Temporary boost in gross margin Gross profit & Gross margin by quarter Gross profit Q3’25: 100,0 76% 82.8 (72.7) MSEK. 90,0 74% Gross margin Q3’25: 80,0 72% 74 (73) %. 70,0 70% 60,0 68% Positive contribution from higher margin service revenue 50,0 66% and favourable market mix. 40,0 64% Positive one
Slide 11: Continued cost control, opex affected by seasonality
Continued cost control, opex affected by seasonality Y/Y Q/Q Development Y/Y: +6.6 MSEK +12% -1% 60,3 61,0 60,3 ASTRO happening in Q4 last year but Q3 this year. 53,7 Downward adjustment of full year bonuses during Q3 last year. Development Q/Q: -0.7 MSEK Higher expenses for marketing activities thi
Slide 12: Improved cost efficiency
Improved cost efficiency Opex R12 (MSEK) 300,0 • Annualized operating expenses decreased by 25 250,0 MSEK since the peak of 259 MSEK in Q3’24. 200,0 • Q3’25 LTM figure affected by seasonality in marketing activities 150,0 • Stronger cost control measures and internal 100,0 efficiency improvements. 5
Slide 13: Long-term improved EBIT - Q3 margin of 19%
Long-term improved EBIT - Q3 margin of 19% Rolling 12 months EBIT Q3’25: 90,0 18% 21.2 (17.4) MSEK 80,0 16% Adjusted for unrealized fx 70,0 14% 21.5 (18.1) MSEK 60,0 12% 50,0 10% 40,0 8% EBIT margin Q3’25: 19 (17) % 30,0 6% Adjusted for unrealized fx 20,0 4% 19 (18) % 10,0 2% 0,0 0% Q4'22 Q1'23 Q2'2
Slide 14: Improved cash flow Y/Y and a strong balance sheet
Improved cash flow Y/Y and a strong balance sheet Total cash flow by quarter (MSEK) Cash balance increased with 15 MSEK from 158 60,0 MSEK at end of Q2 to 173 MSEK end of Q3. 40,0 Cash flow from working capital -0.3 (-37.4) MSEK. Operating cash flow 24.4 (-17.2) MSEK 20,0 A few older orders from las
Slide 15: Summary
Summary
Slide 16: Next step
Next step • New Executive Management Team • Linda Frölén, Acting CEO • Johan Danielsson, Deputy CEO • Peter Simonsbacka (board member) consultant, previous CCO AddLife • Repurchase of shares up to SEK 20 million • C-RAD's high-quality products in SGRT and stable service business continues to generat
Slide 17: Our strategy & financial targets
Our strategy & financial targets 1. Increase sales by gaining market share and growing our offering 2. Invest in product innovation through product development of the existing portfolio and launching new complementary solutions 3. Develop and grow the service offering C-RADS' financial targets are f
Slide 18: Q&A
Q&A
Slide 19: Slide 19