Q3 2026 Elekta AB (publ) Earnings Call Transcript
Key Points
- Elekta AB (EKTAF) reported a solid quarter with a book-to-bill ratio of 1.17, indicating healthy order intake.
- The company experienced significant order and revenue growth in China, with expectations of double-digit growth in the second half of the year.
- Gross margin improved to 38.3%, supported by product launches and pricing strategies.
- Elekta AB (EKTAF) successfully launched the Elekta Evo in the US, contributing to substantial order growth in the region.
- The company is on track with its restructuring efforts, expecting more than SEK500 million in cost savings by Q1 next year.
- Elekta AB (EKTAF) faced significant foreign exchange headwinds, impacting net sales by more than SEK500 million in the quarter.
- The Americas region saw a 6% decrease in sales, highlighting challenges in that market.
- The company incurred a restructuring charge of over SEK400 million, affecting reported EBITDA.
- Cash flow was lower compared to the same quarter last year, partly due to restructuring payments.
- There is potential risk of delayed installations in the Middle East, which could impact Q4 sales.
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Hi, and good morning, everyone. My name is Peter Nyquist. I'm heading up Investor Relations here at Elekta. With me here in Stockholm, I have our CEO, Jakob Just-Bomholt. I have our CFO, Tobias Hagglov, who's doing his last quarter, as well as our incoming CFO, Clara Eriks, who will not present today, but she will be available here in the studio. Tobias and Jakob will present the result, as always, for the fiscal third quarter -- fiscal year 2025-2026, third quarter.
We will start the presentation with Jakob giving away the takeaways from the third quarter as well as an update where we are in the strategic execution and the change of operating model and the cost savings related to that as well. Tobias then, we will talk about the financials and the Elekta's outlook. After presentation, as always, we will have time for questions and answers.
But before we start, I would like to remind you that some of the information discussed on this call contains forward-looking statements. This can include
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