Q4 2026 Elekta AB (publ) Earnings Call Transcript
Key Points
- Elekta AB (EKTAF) has successfully completed the first phase of its transformation plan, focusing on resetting and stabilizing the company, which included reducing organizational layers and decentralizing operations.
- The company reported a significant increase in EBIT, marking the highest margin in seven years, indicating improved profitability.
- Elekta AB (EKTAF) has implemented firmer order acceptance criteria, leading to a book-to-bill ratio of 1.04, which is a better indicator of future revenue growth.
- The company has achieved substantial cost savings, exceeding expectations, particularly in operating expenses (OpEx) and cost of goods sold (COGS).
- Elekta AB (EKTAF) has maintained a strong market position in China with a 39-40% market share and expects high double-digit growth in orders in the U.S. for the fiscal year.
- Net sales decreased by 1% due to lower sales in the Asia Pacific region and specific delays in project installations in the Middle East and Africa.
- The company announced an impairment related to discontinued business activities and capitalized R&D costs, impacting reported EBIT negatively.
- Elekta AB (EKTAF) faced challenges with input cost inflation, including logistics, tungsten, and microchips, affecting the cost of goods sold.
- The company experienced a decline in gross order intake by 15% in constant exchange rates, attributed to stricter order intake criteria and lower orders from the Middle East.
- Service sales growth was modest at 3%, and the company faced headwinds from foreign exchange rates and tariff costs.
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Hi and good morning everyone and welcome to Elekta's conference call for the fourth quarter and the full year of 2025 and 2026. My name is Petr Nikris and I'm Head of Investor Relations here at Elekta. With me here in this studio in Stockholm, I have our CEO, Jakob Jos Bomalt and I would also like to welcome our new CFO, Clara Eritz, as she started now I guess three months ago as new CFO of Elekta. Very welcome. Great to have you here.
Today's agenda starts off with Jacob giving some key takeaways from the fourth quarter, including some strategic highlights.
Then Laura will give us details on the financials and elect us outlook.
After the presentation, we will have, as usual, a time for Q&A.
But before I start, I want to remind you that some of the information discussed on this call contains forward-looking statements. These can include projections regarding revenue, operating results, cash flow, as well as products and product development.
These statements
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