Results
C-RAD delivered a stellar report. Sales were exceptional: 36% organic growth and 26% above ABGSCe, driven by strength across all regions. Most notably, APAC managed to grow 64% y-o-y. The strong sales suggest that installation access has notably improved, something which have plagued linac manufacturers for the past two years, and thus also held back C-RAD. C-RAD has a large order backlog, that kept growing in Q1 (up 5% organically) and beat ABGSCe by 5%. If conditions remain stable, as we expect, it has good potential to continue delivering strong results throughout 2023. Profitability was also strong, largely driven by the higher sales; EBIT was 6.4m, while we expected a loss of 5.7m.
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