Slide 1: Profitability continued to strengthen
Profitability continued to strengthen Q1 report 2026/27, August 27, 2026 Peter Nyquist, Head of Investor Relations Jakob Just-Bomholt, President and CEO Klara Eiritz, CFO
Slide 2: Important information
Important information This presentation includes forward-looking statements including, but not limited to, statements relating to operational and financial performance, market conditions, and other similar matters. These forward-looking statements are based on current expectations about future event
Slide 3: Business overview
Business overview Jakob Just-Bomholt President and CEO
Slide 4: Key Reflections on Q1
Key Reflections on Q1 @Elekta
Slide 5: Q1 – Key Financial Results
Q1 – Key Financial Results Profitability continued to strengthen 1.11 Order growth of 3% in Q1 supported by Elekta Evo Book-to-bill ratio -2%1 Americas and Europe showed growth while APJ, China and TIMEA declined Net sales growth 42.6% (37.0) Improvement driven by growth in software and Services and
Slide 6: Q1 – Commercial development by region
Q1 – Commercial development by region Americas – increase of 2%1 • Supported by the launch of Elekta Evo APJ – decrease of -12%1 Europe China • Driven by constraints in healthcare budgets and capital investments 12% (14%) China – decrease of -16%1 34% 12% APJ2 (32%) • Weak market in recent years (14
Slide 7: Our focus is to continue to improve profitability and invest to accelerate mid-term growth
Our focus is to continue to improve profitability and invest to accelerate mid-term growth 3 Innovation driven growth • Continued strong investment in 2 Improve profitability R&D ~10% of revenue • Steady stream of new products 1 Reset and Stabilize • Focused and commercially driven • Grow above-mark
Slide 8: Financial overview
Financial overview Klara Eiritz CFO
Slide 9: Financial update Q1 26/27
Financial update Q1 26/27 (SEK M) Q1 26/27 Q1 25/26 Q4 25/26 Net sales decreased by 2%1 • Solutions decreased by 9%1 with lower sales in APJ, Net sales 3,536 3,646 4,762 China and TIMEA Solutions 1,628 1,805 2,920 • Service grew by 5%1 with growth across regions Service 1,909 1,842 1,842 COGS2 -2,03
Slide 10: Regional reporting structure to align with how we manage the business
Regional reporting structure to align with how we manage the business Previous reporting structure Current reporting structure • Americas includes the US, Canada, Americas Americas Mexico and South America • APJ includes Asia-Pacific and Japan APAC APJ • China includes Mainland China, Taiwan EMEA Ch
Slide 11: Gross margin improved in all regions, driven by product mix, price increases and lower COGS
Gross margin improved in all regions, driven by product mix, price increases and lower COGS Adj gross Adj EBIT (SEK M) Net sales EBIT margin margin Q1 26/27 1,088 45.9% 207 19.1% The EBIT margin improved YoY driven by the Americas Q1 25/26 1,071 37.3% 91 9.1% launch of Elekta Evo, price increases an
Slide 12: Negative FX impact on the P&L
Negative FX impact on the P&L (SEK M) Q1 26/27 Operations FX Q1 25/26 • Negative FX impact on net sales Net sales 3,536 -77 -33 3,646 mainly driven by stronger SEK vs main revenue currencies USD and EUR Growth, % -3.0% -2.1% -0.9% Adj. gross income 1,505 175 -20 1,350 Adj. gross margin 42.6% 37.0% M
Slide 13: Q1 free cash flow before dividend and M&A improved
Q1 free cash flow before dividend and M&A improved by SEK 154 M to SEK -266 M Free cash flow before dividend and M&A Q1 25/26 – 26/27, SEK M Tax, interest • Improved reported EBIT to SEK 395 M (219) Amortization net, lease • More unfavourable changes in working and Changes cost and Q1 25/26 EBIT dep
Slide 14: Sequential positive EBITC development each quarter
Sequential positive EBITC1 development each quarter Rolling twelve months, SEK M and margins % Net sales Adj GM Adj EBIT margin Adj EBITC margin1 Free cash flow before dividend and M&A 0.042 21,000 17,838 17,567 17,111 0.040 16,718 16,607 18,000 38.2% 38.5% 37.6% 39.6% 15,000 0.038 38.4% 12,000 0.03
Slide 15: Reiterated outlook for FY26/27
Reiterated outlook for FY26/27 FY26/27 Key drivers Sales growth in fixed Sales 2 – 4% currency • Growth driven by all regions and services Adjusted EBIT margin1 12.5 – 13.5% EBIT margin • Improved pricing • Evo commercialization • Implementation of new operating model driving lower cost 1 Adjusted f
Slide 16: Summary
Summary Jakob Just-Bomholt President and CEO
Slide 17: Concluding remarks
Concluding remarks Continued progress in strengthening Elekta’s performance: significant improvement in profitability and stronger cash generation The sales decline in China is a result of a weak market in recent years. Order intake grew for the third consecutive quarter, supporting future growth US
Slide 18: Financial calendar
Financial calendar Annual General Meeting 2026 Sep 3, 2026 Interim report, Q2, May-Oct 2026/27 Nov 25, 2026 Interim report, Q3, May-Jan 2026/27 Feb 25, 2027 Year-end report, Q4, May-Apr 2026/27 May 27, 2027 Further questions Klara Eiritz Peter Nyquist CFO Head of Investor Relations +46 76 865 54 87
Slide 19: Q&A
Q&A
Slide 20: Nobody does adaptive like Elekta
Nobody does adaptive like Elekta
Slide 21: Appendix: Net sales per previous regions
Appendix Net sales per previous regions (SEK M) Q1 25/26 Q2 25/26 Q3 25/26 Q4 25/26 Q1 26/27 Americas 1,071 1,031 1,094 1,266 1,088 EMEA 1,443 1,693 1,654 1,921 1,400 APAC 1,132 1,346 1,491 1,576 1,048 Group 3,646 4,070 4,239 4,762 3,536 21
Slide 22: CjElekta
CjElekta