Sweden's Elekta Q4 sales fall 8% on APAC weakness
Sweden's Elekta Q4 sales fall 8% on APAC weakness
Overview
Sweden medical technology firm's fiscal Q4 net sales fell 8%, down 1% in constant currency
Adjusted EBIT rose 7% yr/yr, with margin improvement from cost savings on new operating model
Company expects fiscal 2026/27 net sales and EBIT margin to improve yr/yr
Outlook
Elekta expects FY 2026/27 net sales in constant currency to increase YoY
Company anticipates improvement in EBIT margin for FY 2026/27
Board proposes dividend of SEK 2.40 per share for FY 2025/26
Result Drivers
APAC WEAKNESS - Q4 net sales fell due to lower sales in APAC, despite growth in China
COST SAVINGS - Adjusted EBIT margin improvement driven by cost savings from new operating model and workforce reductions
CURRENCY IMPACT - Adjusted gross margin was negatively impacted by changes in foreign exchange rates, offsetting positive effects from price increases and product launches
Company press release: ID:nMFN4K2GCM
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales |
| SEK 4.76 bln |
|
Q4 Adjusted EPS |
| SEK 0.57 |
|
Q4 Gross Margin |
| 39.50% |
|
Q4 Adjusted EBIT |
| SEK 902 mln |
|
Q4 Adjusted EBIT Margin |
| 18.90% |
|
Q4 Adjusted Gross Margin |
| 39.90% |
|
Q4 EBIT |
| -SEK 461 mln |
|
Q4 EBIT Margin |
| -9.70% |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and 7 "sell" or "strong sell"
The average consensus recommendation for the advanced medical equipment & technology peer group is "buy."
Wall Street's median 12-month price target for Elekta AB (publ) is SEK60.00, about 2.4% below its May 27 closing price of SEK61.45
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)