In This Article:
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Order Intake: SEK168 million in Q4, a 13% growth compared to Q4 last year; full year order intake down 7% to SEK486 million.
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Revenue: Declined 12% to SEK121 million in Q4; full year revenue increased 10% to SEK469 million.
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Gross Margin: 66% in Q4, up from 65% last year.
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Operating Profit (EBIT): SEK20 million in Q4, with an EBIT margin of 17%; full year EBIT margin was 15%.
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Operating Expenses: Decreased from SEK73.4 million last year to SEK57.1 million in Q4.
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Cash Balance: Increased by SEK32 million during the quarter, ending at SEK151 million.
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APAC Revenue: More than doubled to SEK63 million in Q4.
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EMEA Revenue: Down 39% to SEK48 million in Q4.
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Americas Order Intake: Increased by 14% to SEK26 million in Q4.
Release Date: February 07, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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C-Rad AB (FRA:24C) achieved a 112% revenue growth in Q4, driven by successful expansion in the EMEA region.
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The company reported a solid EBIT margin of 17% for Q4 and 15% for the full year, indicating strong profitability.
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C-Rad AB (FRA:24C) has a strong financial position with no long-term debt and increased cash balances by SEK32 million during the quarter.
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The company secured multiple long-term service contracts in key markets such as Sweden, Germany, Spain, and Italy, enhancing future revenue streams.
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C-Rad AB (FRA:24C) has a market-leading position in APAC, with significant contributions from China, Japan, South Korea, Thailand, Vietnam, and India, resulting in doubled revenue in the region for Q4.
Negative Points
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The full year order intake was down by 7% to SEK486 million, impacted by macroeconomic challenges.
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Revenue in EMEA declined by 39% to SEK48 million in Q4, primarily due to lower order intake earlier in the year.
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Revenue in the Americas was below expectations, affected by slower backlog conversion and installation delays.
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The company experienced a significant amount of order cancellations, totaling almost SEK15 million during the quarter.
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Gross profit for the quarter decreased to SEK79.9 million from SEK90.4 million a year ago, following a decline in revenue year-on-year.
Q & A Highlights
Q: You had solid order intake growth for services in the quarter. Was it mainly in EMEA? A: Yes, the majority of the service order intake was in EMEA, particularly in advanced markets.
Q: Can you talk about the outlook for EMEA and if there are any significant tenders in 2025? A: The macroeconomic situation remains challenging, particularly in Germany. We are focusing on what we can influence, but the situation is largely unchanged.