Q3 2025 Elekta AB (publ) Earnings Call Transcript
Key Points
- Elekta AB (EKTAF) reported a 21% order growth in constant exchange rates, with growth across all regions and business lines.
- The adjusted gross margin improved to 37.1%, driven by price increases and a favorable product mix.
- Elekta Evo and Elekta ONE Planning have been well received, contributing positively to order and sales growth in Europe.
- The company achieved a record high third-quarter cash flow of SEK730 million, supported by higher EBITDA and lower investments.
- Elekta AB (EKTAF) has secured significant commercial wins, including a major deal in Mexico and Unity wins in the US and Europe.
- Net sales increased by only 2% in constant currencies, with declines in the US and China impacting overall growth.
- The adjusted EBIT margin was slightly up at 11.7%, but higher amortization costs from recent product launches affected profitability.
- Elekta AB (EKTAF) adjusted its full-year guidance due to lower volumes in the US and China, expecting net sales to be broadly stable and EBIT margin to be lower compared to the previous year.
- The Service margin was negatively impacted by market mix and higher material costs.
- The company faces challenges in the US market, with slower installation volumes and delays in regulatory clearance for Elekta Evo affecting sales.
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Hi, and good morning, everyone, and welcome to this conference call for our third quarter. My name is Peter Nyquist, and I'm the Head of Investor Relations here at Elekta.
With me here in Stockholm at the head office, I have our President and CEO, Gustaf Salford; and our CFO, Tobias Hagglov, who will be presenting the results today.
So today's agenda, we will start off with Gustaf presenting some highlights of the development during the third quarter and the fiscal year of 2024-'25 as well as some strategic achievements. Then Tobias will take over and give some details on the financials. And the presentation then will end with Gustaf viewing -- view on the Elekta outlook. And after the presentation, there will be, as always, time for Q&A.
But before we start, I want to remind you that some of the information discussed on this call contains forward-looking statement. This can include projections regarding revenue, operating result, cash flow as well as products and
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