Brief: C-Rad Q4 Operating Result Swings To Loss Of SEK 12.1 Million

C Rad AB

31/01/2020 07:36

Jan 31 (Reuters) - C-Rad AB  CRADb.ST :
    * REG-C-RAD AB – CONSOLIDATED YEAR-END REPORT
JANUARY-DECEMBER
2019
    * Q4 REVENUE SEK 51.0 MILLION VERSUS SEK 57.7 MILLION YEAR
AGO
    * Q4 ORDER INTAKE: 88.1 (75.6) MSEK
    * Q4 OPERATING LOSS SEK 12.1 MILLION VERSUS PROFIT SEK 3.3
MILLION
YEAR AGO
    * IN 2019 THERE WERE FEWER LARGE PROJECTS THAN IN PREVIOUS
YEAR,
    * IN Q4 WE SAW A MIXED PICTURE IN GROUP
    * DROP IN EMEA WAS EXPLAINED BY LOWER ORDER INTAKE IN FIRST
HALF
YEAR AND THAT BOOK AND BILL PERIOD HAS INCREASED FROM 6 TO 8
MONTH
    * STRONG ORDER INTAKE IN ESPECIALLY AMERICAS AND EMEA
SUPPORTED A
16 PERCENT GROWTH
    * WE REMAIN CONFIDENT ABOUT OUR MARKET OPPORTUNITY AND ARE
CONVINCED THAT C-RAD IS IN A GOOD POSITION TO OUTGROW MARKET
    * WE SEE A HUGE OPPORTUNITY FOR OUR POSITIONING PRODUCTS
    * GEMINI PROJECT IS NOT MAKING PROGRESS AT SPEED WE EXPECTED
AND
TIMING TO RELEASE A PRODUCT AND SCALE UP SALES IS UNCERTAIN

Source text for Eikon:  ID:nGNE97gGG2 
Further company coverage:  CRADb.ST 

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