Interim report May – July 2013/14 Order bookings

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Interim report May – July 2013/14

· Order bookings decreased 2* percent to SEK 2,027 M (2,252). · Net sales increased 21* percent to SEK 1,912 M (1,695). · EBITA amounted to SEK 148 M (131) before non-recurring items of SEK -34 M ( -7). Operating result amounted to SEK 46 M (63). · Net income amounted to SEK -8 M (15). Earnings per share amounted to SEK -0.01 (0.03) before dilution and SEK -0.01 (0.03) after dilution. · Cash flow after continuous investments was SEK -584 M (-175). · Exchange rate movements compared to fiscal year 2012/13 are expected to have a negative impact of about 5 percentage points on EBITA growth (changed from about 3 percentage points). · The outlook in local currency is unchanged. In fiscal year 2013/14, net sales are expected to grow by more than 10 percent in local currency. The majority of the growth is expected to come from emerging markets. Investments in product development will increase by more than 20 percent during the year and EBITA is expected to grow by approximately 10 percent in local currency. * Compared to last fiscal year based on constant exchange rates. President and CEO comments During the first quarter, demand in Elekta’s markets developed in line with expectations. Region Europe, the Middle East and Africa performed favorably and order bookings rose 18* percent. The increase was particularly strong in Eastern Europe and the Middle East. In Asia, we noted continued good growth, for instance in China and Japan. Order bookings rose 8* percent in the region. In North and South America, order bookings for the quarter declined, but this should be viewed in light of the very sharp increase noted in the corresponding quarter of the preceding year. The market fundamentals are unchanged and good in all our markets. In addition, we expect large orders to contribute to order bookings this year. However, no major order was booked in the first quarter. Our new Versa HDTMlinear accelerator has been on the market for six months now and interest from our customers has exceeded expectations. A number of systems are already in clinical operation. Versa HDTMfeatures a unique combination of high dose rates, exceptional resolution, speed and low radiation leakage, all key elements for improving cancer care. Deliveries in the first quarter were strong and net sales rose 21* percent. EBITA, before non-recurring items, amounted to SEK 148 M (131). The increase in earnings is mainly related to higher sales volumes. Exchange-rate effects had a substantial negative effect and amounted to about SEK -65 M. The Japanese yen, US dollar and Australian dollar accounted for the majority of the negative effect. Cash flow after continuous investments was SEK -584 M (-175) in the quarter. The cash flow was mainly affected by seasonal factors such as a high proportion of the annual tax payments and an increase in operational working capital. Following the seasonal pattern we expect a significantly stronger cash flow for the remainder of the year. Elekta is the pioneer in modern cancer care and treatment of neurological disorders and, in order to further strengthen our leading position, we will continue to increase investments in research and development; this year by more than 20 percent. We have a comprehensive product development program in such areas as software solutions, brachytherapy and image-guided radiation therapy. We are looking forward to the ASTRO meeting at the end of September, where we plan to exhibit new products in the portfolio and also highlight our training and education initiatives. The project aimed at enabling treatment combined with advanced magnetic resonance imaging (MRI) is progressing well and, during the quarter, we announced a fifth member of the clinical development consortium, Froedtert & Medical College of Wisconsin Clinical Cancer Center. Elekta sees considerable potential for continued growth, primarily through expansion in emerging markets, but also by improving our market position in established markets. Exchange rate movements compared to fiscal year 2012/13 are expected to have a negative impact of about five percentage points on EBITA growth. The outlook in local currency is unchanged. In fiscal year 2013/14, net sales are expected to grow by more than 10 percent in local currency. Most of the growth is expected to come from emerging markets. Investments in product development will increase by more than 20 percent and EBITA is expected to grow by approximately 10 percent in local currency. Tomas Puusepp, President and CEO * Compared to last fiscal year based on constant exchange rates. Conference call Elekta will host a telephone conference at 13:45 – 14:30 CET on September 3, with President and CEO Tomas Puusepp and CFO Håkan Bergström. To take part in the conference call, please dial in about 5-10 minutes in advance and use the access code 935720. Swedish dial-in number: +46 (0)8 5052 0110, UK dial-in number: +44 (0)20 7162 0077, US dial-in number: + 1 334 323 6201. The telephone conference will also be broadcasted over the internet (listen only). Please use the link: http://webeventservices.reg.meeting-stream.com/81070_elekta Financial information Interim report May – October 2013/14                                   December 4, 2013 Interim report May– January 2013/14                                     February 27, 2014 Year-end report May – April 2013/14                                     May 29, 2014 For further information, please contact: Håkan Bergström, CFO, Elekta AB (publ) +46 8 587 25 547, hakan.bergstrom@elekta.com Johan Andersson, Director Investor Relations, Elekta AB (publ) +46 8 587 25 415, johan.anderssonmelbi@elekta.com Elekta AB (publ) Corporate registration number 556170-4015 Kungstensgatan 18 ­­– Box 7593 – SE 103 93 Stockholm, Sweden The above information is such that Elekta AB (publ) shall make public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 13:00 CET on September 3, 2013.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Aspen Dental Brings Comprehensive Care to Whiteville

Updated Category News Views 5

Bringing Dentistry Closer to Home Now, Whiteville's dental game just got a power-up, with Aspen Dental setting up shop in town. This isn't just another practice popping up—it's a full-on dental hub offering everything from regular cleanings to emergency tooth fixes. And let’s face it, this area's diverse population needs it. The Man Behind the Chair Guess who’s at...

Continue Reading
Steel Dynamics Gears Up for Q3 2026 Earnings Update

Updated Category News Views 6

Steel Dynamics Preps for Key Earnings Report Folks, we're staring down the barrel of another quarterly earnings report from Steel Dynamics, Inc., and you can bet this one is gonna have plenty of eyes glued. October 19th, 2026, that's when they'll peel back the curtain on how they fared in Q3. Now, buckle up, because this isn't just a numbers game—it’s a snapshot of...

Continue Reading
Hexaware Teams with Anthropic for Game-Changing AI Move

Updated Category News Views 4

A Bold AI Partnership on the Horizon Mutual back-slapping or a deal with authentic grit? Hexaware’s latest tango with Anthropic might just be the jolt enterprises need. Announced under the flickering fluorescent lights of Mumbai, London, and Iselin, Hexaware’s multi-year partnership with Anthropic thrusts Claude, their razor-sharp AI, right into the mix of...

Continue Reading
Lupin Secures FDA Nod for Key Injectable Drug

Updated Category News Views 4

Lupin's FDA Approval: A Strategic Play in Pharmaceuticals Ah, the thrill of a new approval! Lupin Limited has landed U.S. FDA approval for their Phytonadione Injectable Emulsion, marking a significant stride into the lucrative realm of vitamin K treatments. This approval isn't just a feather in Lupin's cap—it's a calculated move to corner a piece of the estimated $52.3...

Continue Reading
Webull Faces Legal Scrutiny Over Chinese Ties

Updated Category News Views 5

The Unfolding Drama for Webull Shareholders When you see a ticker like NASDAQ:BULL rolling off your tongue these days, it’s not just about stock prices anymore—it's a whole saga wrapped in legal and geopolitical spice. Following the recent uproar from a House China committee report, Webull found itself thrust into the spotlight for all the wrong reasons. That report...

Continue Reading
Teamsters Secure Landmark Deal for SF Parking Workers

Updated Category News Views 4

Major Win for San Francisco's Parking Professionals Parking lots and garages across San Francisco might not be the first places you’d look for labor triumphs, but that’s exactly what almost 1,000 members of Teamsters Local 665 have achieved. Under a newly ratified four-year master contract, these parking pros snagged one of the richest deals the industry has seen. A...

Continue Reading
Mexico's Beaches Shine in 2026 Best America Rankings

Updated Category News Views 5

Mexican Shores Turning Heads in 2026 This isn’t just another wave in tourism news; it’s a tidal shift towards Mexico’s sizzling beaches claiming some prime spots on the global travel stage. If you’ve got an eye for tourism dynamics, listen up because Mexico’s sun-soaked shores just snagged six spots among the top 20 beaches in the Americas, according to the...

Continue Reading
Ardelyx Securities Fraud Suit: Key Investor Moves

Updated Category News Views 5

Fraud Allegations: Ardelyx Under the Microscope Looks like Ardelyx has found itself neck-deep in trouble, facing a class action lawsuit over alleged securities fraud. This isn't just a storm in a teacup. We're talking about accusations of false and misleading statements tied to their commercial performance—statements that might have left investors holding the bag with...

Continue Reading
Full Sail University Bags Billboard Music School Honor

Updated Category News Views 6

Full Sail Scores a Billboard Nod — What's the Big Deal? Alright, Full Sail University just snagged a spot on Billboard Magazine's 2026 Top Music Business Schools list. That's no small fry, folks. This Florida institution has been carving out a niche in the music business education scene with a hands-on learning approach that hits the nail right on the head. The Recipe...

Continue Reading
Striveworks: Boosting Army's AI Edge in Indo-Pacific

Updated Category News Views 6

The world keeps marching forward, and here’s Striveworks stepping up to the plate with another big move in the military tech space. This isn't your average partnership renewal; this involves a five-year, $200 million deal to enhance battlefield AI as the U.S. Army hones its modern warfare edge in the Indo-Pacific. Now, this isn't just a battle of strategies but a battle...

Continue Reading

Top 5 Most Recently Viewed Articles

Cloudflare's Exceptional Quarter: Is It Time to Reassess Value?

Updated Category News Views 205

Cloudflare Achieves Impressive Revenue Growth Cloudflare Inc. (NYSE: NET) has once again demonstrated strong performance with its latest quarterly results, showcasing significant revenue growth and improved customer metrics. This achievement underscores the company’s capacity for success and the expanding demand for its services, particularly in the enterprise sector....

Continue Reading
GameStop's Strategic Move to Sell Its International Assets

Updated Category News Views 539

GameStop's New Strategy for International Growth GameStop Corp. (NYSE: GME) has taken a significant step in aligning its business strategy with current market conditions by announcing its intent to sell its operations in France and Canada. This decision reflects a broader assessment of international assets that the company is undertaking to streamline its operations and...

Continue Reading
Understanding Regulatory Disclosures for Life Science REIT

Updated Category News Views 113

Introduction to Disclosure Requirements In the investment landscape, transparency is vital. This is especially true for companies like Life Science REIT Plc, which must adhere to specific regulations when it comes to public disclosures. Understanding these requirements can help investors navigate their investments more effectively. Key Information About Disclosures When a...

Continue Reading
LGI Homes Faces Criticism Over High Foreclosure Rates

Updated Category News Views 214

LGI Homes Under Fire for Deceptive Practices Shares of homebuilder LGI Homes Inc (NASDAQ: LGIH) have seen a dip as a recent report raises serious allegations about the company's marketing strategies. The report highlights concerns over deceptive marketing tactics that encourage potential buyers to consider homes that may be out of their financial reach. Key Concerns from...

Continue Reading
Apple Facing Leadership Changes Amid AI Development Concerns

Updated Category News Views 251

Significant Changes in Apple’s Executive Team Apple Inc. (NASDAQ: AAPL) is undergoing a noteworthy transformation within its top management as several high-profile personnel and engineers depart from the organization. Among these exits are crucial figures leading artificial intelligence and interface design, indicating an unprecedented wave of turnover that could impact...

Continue Reading