Elekta

August 25, 2022

Accelerating initiatives to expand margins

Elekta experienced challenging market conditions in the quarter. Revenue growth continued, but disturbances in supply chains and inflation impacted costs and margins. To mitigate these effects, we are initiating an additional Cost-reduction Initiative to our Resilience and Excellence Program to secure profitable growth going forward.

Gustaf Salford
President and CEO


First quarter

• Gross order intake amounted to SEK 3,871 M (3,980), corresponding to a 11 percent decrease in constant exchange rates

• Net sales were SEK 3,327 M (3,009), corresponding to a 3 percent increase in constant exchange rates

• Adjusted gross margin amounted to 38.9 percent (37.1)

• Adjusted EBIT amounted to SEK 132 M (201), corresponding to an adjusted EBIT margin of 4.0 percent (6.7)

• Earnings per share was SEK 0.16 (0.33) before/after dilution

• Adjusted earnings per share was SEK 0.19 (0.33) before/after dilution

• Cash flow after continuous investments amounted to SEK -594 M (-343)

• At today’s AGM the Board of Directors proposes a dividend of SEK 2.40 (2.20) per share (paid in two installments) for the fiscal year 2021/22. This corresponds to 79 percent (67) of the net income for the fiscal year 2021/22

1 Compared to last fiscal year based on constant exchange rates.
2 Adjusted gross margin = Gross margin excluding items affecting comparability attributable to the Cost-reduction Initiative within the Resilience and Excellence Program, see page 24.
3 Adjusted EBIT = Operating income (EBIT) excluding items affecting comparability attributable to the Cost-reduction Initiative within the Resilience and Excellence Program, see page 25.
4 After continuous investments.
5 Before / after dilution.
6 Adjusted earnings per share = Net income attributable to Parent Company shareholders, excluding items affecting comparability attributable to the Cost-reduction Initiative, in relation to the weighted average number of shares (excluding treasury shares), see page 25.


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For further information, please contact:
Tobias Hägglöv, CFO
Tel: +46 76 107 4799, e-mail: tobias.hagglov@elekta.com  
Time zone: CET: Central European Time
 
Cecilia Ketels, Head of Investor Relations
Tel: +46 76 611 76 25, e-mail: cecilia.ketels@elekta.com
Time zone: CET: Central European Time

About Elekta
As a leader in precision radiation therapy, Elekta is committed to ensuring every patient has access to the best cancer care possible. We openly collaborate with customers to advance sustainable, outcome-driven and cost-efficient solutions to meet evolving patient needs, improve lives and bring hope to everyone dealing with cancer. To us, it's personal, and our global team of 4,700 employees combine passion, science, and imagination to profoundly change cancer care. We don’t just build technology, we build hope. Elekta is headquartered in Stockholm, Sweden, with offices in more than 120 countries and listed on Nasdaq Stockholm. For more information, visit elekta.com or follow @Elekta on Twitter.