Elekta Ab Class B · OMXSTO:EKTA_B
Elekta Ab Class B — Q4 2026 Earnings Presentation
25 slides from Elekta Ab Class B's earnings presentation, May 28, 2026
Slide 1: Strong improvements in profitability for the fourth quarter and full year
Strong improvements in profitability for the fourth quarter and full year Q4 report 2025/26, May 28, 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: Concluded reset and stabilize phase, now focus on improving profitability
Concluded “reset and stabilize” phase, now sharp focus on improving profitability by executing on our 4 Must-Win Battles 3 Innovation driven growth • Sustain R&D investment with 2 Improve Profitability clear ROI linkage • Focused innovation and launch of • Accelerate customer-led new products innova
Slide 5: Full year – key takeaways
Full year – key takeaways Strong improvements in profitability for the fourth quarter and full year 1.04 Lower activity in emerging markets. Firmer order acceptance criteria. Growth in US Book-to-bill ratio 1%1 Mainly driven product launches in Europe Net sales increased 38.4% Improvement of 60 bps
Slide 6: Q4 – key takeaways
Q4 – key takeaways Strong improvements in profitability for the fourth quarter and full year 0.96 Lower activity in the Middle East and Africa. Firmer order acceptance criteria Book-to-bill ratio 1%1 Mainly driven by APAC. Delayed project installation in the Middle East and Africa Net sales decrease
Slide 7: Q4 – Commercial development by region
Q4 – Commercial development by region Americas – increased by 1%1 EMEA • Region Americas is showing growth • Evo launch continued as planned Americas 27% APAC – decrease of 3%1 (27%) 40% • China continues to grow as the market Share (39%) APAC recovers of sales EMEA – unchanged1 33% • Continued stro
Slide 8: Elekta will focus on 4 Must-Win Battles
Elekta will focus on 4 Must-Win Battles Simplify, Empower, Speed Focused Innovation Simplify and decentralize our Align commercially driven operating model innovation to customer needs Profitable Expand in China growth Continuous COGS Win in the U.S. Reduction Position to meet Chinese structural Add
Slide 9: Change in operating model completed – cost savings exceeding SEK 500 M
Change in operating model completed – cost savings exceeding SEK 500 M on an annual basis Annual run-rate cost savings • Significant impact on earnings in Q4 exceeding SEK 500 M • Split 30/70 COGS/OPEX is maintained Restructuring charges lower than • SEK 421 M restructuring charges vs anticipated ex
Slide 10: Financial overview
Financial overview Klara Eiritz CFO
Slide 11: Financial update – Full year 25/26
Financial update – Full year 25/26 (SEK M) FY 25/26 FY 24/25 Net sales increased by 1%1 • Driven by growth in EMEA – supported by product Net sales 16,718 18,016 launches in Europe Solutions 9,325 10,232 • Solutions decreased by 1% and Service grew by 3% Service 7,393 7,784 COGS2 -10,301 -11,206 Adj
Slide 12: Financial update – Q4 25/26
Financial update – Q4 25/26 (SEK M) Q4 25/26 Q4 24/25 Q3 25/26 Net sales decreased by - 1%1 • Continued strong momentum in Europe supported by Net sales 4,762 5,156 4,239 product launches Solutions 2,920 3,186 2,396 • Americas’ sales increased by 1% Service 1,842 1,970 1,843 • Solutions decreased by
Slide 13: Negative FX impact on the P&L
Negative FX impact on the P&L (SEK M) Q4 25/26 Operations FX Q4 24/25 • Negative FX impact on net sales mainly Net sales 4,762 -52 -342 5,156 driven by stronger SEK vs main revenue Growth, % -7.6% -1.0% -6.6% currencies USD and EUR Adj. gross income 1,901 23 -197 2,075 • Positive FX impact on COGS a
Slide 14: Balance sheet reassessment – IAC of SEK 1,363 M
Balance sheet reassessment – IAC of SEK 1,3631 M Rationale Result • Better align balance sheet with current business • SEK 851 M – impairment of capitalized R&D projects assumptions o Follow the implementation of a more focused • Improves Elekta’s ability to execute on its future and commercially dr
Slide 15: Full year cash flow improved by SEK 336 M amounting to SEK 1,392 M
Full year cash flow improved by SEK 336 M amounting to SEK 1,392 M Cash flow after continuous investments 24/25 – 25/26, SEK M • Positive development driven by improved working -367 capital 498 1,392 • Lower investments due to lower gross R&D spend 1,056 and capitalizations 909 -705 • Cash conversio
Slide 16: Proposed dividend for 25/26
Proposed dividend for 25/26 Dividend, SEK per share Pay-out ratio of 99% of adjusted net income1 (Dividend policy of >50%) 2,2 2,4 2,4 2,4 2,4 2,4 SEK 917 M with two installments 20/21 21/22 22/23 23/24 24/25 25/26 1 Adj net income = net income excluding items affecting comparability adjusted for ta
Slide 17: Strong EBITC development for the fifth consecutive quarter
Strong EBITC1 development for the fifth consecutive quarter Rolling twelve months, SEK M and margins % Net sales Adj GM Adj EBIT margin Adj EBITC margin1 Cash flow after continous investments 0.042 21,000 18,016 17,838 17,567 17,111 0.040 16,718 18,000 37.8% 38.2% 38.5% 37.6% 15,000 0.038 38.4% 12,0
Slide 18: Outlook
Outlook For the fiscal year 2026/27, net sales in constant currency is Full year 26/27 expected to increase year over year, with an improvement in the EBIT margin. On our Capital Markets Day on June 17, we will present our Capital Markets Day mid-term financial targets ending at full year 2028/29.
Slide 19: Closing remarks
Closing remarks Jakob Just-Bomholt President and CEO
Slide 20: Closing remarks
Closing remarks • Strong improvement in profitability for the full year and Q4 • The strongest operating cash flow in last five years resulting in reduction in net debt • Further actions taken to improve quality of earnings – balance sheet review completed • Strong foundation to i) short-term – furt
Slide 21: Elekta's Capital Markets Day, June 17, 2026
Elekta's Capital Elekta's CapitalMarkets Day, Markets Day, June June 10, 2025 17, 2026 Stockholm,Sweden Stockholm, Sweden
Slide 22: Financial calendar
Financial calendar Capital Markets Days Jun 17, 2026 Annual Report, 2025/26 Jul 3, 2026 Interim report, Q1 May-Jul 2026/27 Aug 27, 2026 Annual General Meeting 2026 Sep 3, 2026 Interim report, Q2 May-Oct 2026/27 Nov 25, 2026 Further questions Klara Eiritz Peter Nyquist CFO Head of Investor Relations
Slide 23: Q&A
Q&A
Slide 24: We don't just build technology, we build hope
We don’t just build technology, we build hope
Slide 25: Elekta
CElekta