C-Rad AB (publ) (CRAD_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Your line is muted. Call recording is on. Welcome to the C-RAD Q3 2025 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing hash 5 on their telephone keypad. Now I will hand the conference over to CFO and Acting CEO Linda Frolian and Deputy CEO Johan Danielsson. Please go ahead. Thank you, 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, Johan will present the service business, and then we will conclude with the financials. And with that short introduction, let's look into the takeaway 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 EMEA together with our services business. We saw positive EBIT development and the operating margin increased to 19% in the quarter. Important drivers behind the increase are favorable market mix coupled with a strong contribution from services, which Johan will talk more about in just a minute. And we also have some one-time adjustments affecting our cost of goods, which will be explained in the financial section. Hello, cash has been a focus area, and we had a strong operating cash flow in the quarter, which amounted to 24 million SEK. And with that, let's look into the regional performance. Starting off with the Americas, both order intake and revenue declined. Order intake was down 40% and revenue followed with a 15% drop. This reflects market un...