RaySearch Laboratories AB (LTS:0GRZ)

Q1 2026 RaySearch Laboratories AB (publ) Earnings Call Transcript

Apr 29, 2026 / 09:00 AM GMT

Release Date Price: kr184.7 (-11.63%)

Transcript

Key Points

Positve

RaySearch Laboratories AB (RSLBF) maintained robust profitability with an operating margin of 23%, despite a softer quarter in terms of net sales.
The company secured several strategically important deals, including its first RayCare order in China and a significant order in France, indicating strong market penetration.
Recurring support revenue provided stability, amounting to 42% of total revenue, showcasing a reliable income stream.
There is a growing interest in online adaptive solutions, with the first treatments expected soon, which could drive future growth.
RaySearch Laboratories AB (RSLBF) has set a new long-term operating margin target of at least 30% by 2028, indicating confidence in future profitability.

Negative

Net sales declined by 12% due to a stronger Swedish crown and tough comparisons with the previous year, which included a large order from China.
Organic growth was negative at 5%, and order intake dropped by 13% compared to last year, reflecting challenges in maintaining growth momentum.
License sales decreased by 24% year-on-year, indicating potential challenges in new customer acquisition or retention.
The company faced delays in order processing, such as a 15 million Swedish crown order stuck in Chinese customs, affecting quarterly results.
Currency fluctuations negatively impacted financial results, with more than half of the downturn related to a weaker Swedish krona.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RAYb.ST - RaySearch Laboratories AB (publ)
Q1 2026 RaySearch Laboratories AB (publ) Earnings Call
Apr 29, 2026 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Raysearch presentation of the first quarter 2026.

My name is Karolina Stravild, and I'm Head of Investor Relations. As usual, our CEO and founder, Johan Lov, and our CFO, Nana Graham Barry, will walk you through the key highlights and financial results of the quarter.

After the presentation, we will open the floor for questions. Simply raise your hand in Teams to ask a question live.

And with that short introduction, I will now hand over to you, Johan.

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Unidentified_2 [2]
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Thank you,

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