Elekta Ab Class B · OMXSTO:EKTA_B
Elekta Ab Class B — Q4 2024/25 Earnings Presentation
25 slides from Elekta Ab Class B's earnings presentation, May 28, 2025
Slide 1: Earnings momentum
Earnings momentum Year-end and Q4 report 2024/25 Jonas Bolander, President and CEO Tobias Hägglöv, CFO May 28, 2025
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: Q4 and full-year financials
Q4 and full-year financials Jonas Bolander President and CEO Restricted Information and Basic Personal Data
Slide 4: Full year – key takeaways
Full year – key takeaways Book-to-bill ratio 1.09 (1.09) – positive impact from product launches in Europe and recovery in China Net sales 1%1 – mainly driven by growth in the APAC region Adj. gross margin 37.8% (37.5%) – supported by price increases and an improved product mix Adj. EBIT margin 11.6
Slide 5: Q4 – key takeaways
Q4 – key takeaways Book-to-bill ratio 1.12 (1.28) – driven by the APAC region and continued strong growth for Elekta Evo Net sales 6%1 – growth in Europe driven by Elekta Evo and Elekta ONE Planning Adj. gross margin 40.3% (36.6%) – supported by volumes, price increases and product launches Adj. EBI
Slide 6: Q4 – Sales development by region
Q4 – Sales development by region Americas – decrease of 6%1 • Weak sales in the U.S. as customers await the Elekta Evo regulatory clearance EMEA • Growth in South America APAC – increase of 5%1 Americas 27% (30%) • Good performance across most markets 39% • China declined 1 percent – however, signs
Slide 7: The most comprehensive product portfolio in the industry
The most comprehensive product portfolio in the industry – image guided and adaptive across the portfolio Neuro & Brachytherapy Linac solutions ONE Software suite Changed regulatory submission strategy for Elekta Evo with greater focus on cybersecurity Confidential and Basic Personal Data 7
Slide 8: Our adaptive story materializing in the market, examples:
Our adaptive story materializing in the market, examples: Several combined ➢ Realizing the potential from CT and MR as Evo + Unity deals complementary technologies in the RT clinic + Evo Unity Continued market ➢ Large deal of 20x Brachy systems in the U.S. – leadership in strengthened leadership in
Slide 9: Tariff situation changing constantly – we are actively managing our exposure
Tariff situation changing constantly – we are actively managing our exposure, mainly UK/EU devices export into the U.S. • U.S. localized software & service • China highly localized • Limited trade China – U.S. U.S. market 22%1 of Elekta sales Software Production in Europe – Linacs in UK, Brachy in t
Slide 10: Financial Overview
Financial Overview Tobias Hägglöv CFO Restricted Information and Basic Personal Data
Slide 11: Financial update – full year 24/25
Financial update – full year 24/25 (SEK M) Net sales increased by 1%1 FY 24/25 FY 23/24 • Growth in most markets in APAC except China Net sales 18,016 18,119 • U.S. declined Solutions 10,232 10,633 • Service grew by 6% while Solutions declined by 2% Service 7,784 7,487 Adj. gross margin of 37.8% (37
Slide 12: Financial update Q4 24/25
Financial update Q4 24/25 (SEK M) Net sales increased by 6%1 Q4 24/25 Q4 23/24 Q3 24/25 • Strong momentum in Europe driven by product launches Net sales 5,156 5,023 4,695 • Solutions increased by 7% and Service grew by 4% – supported by Solutions 3,186 3,060 2,673 software growth Service 1,970 1,963
Slide 13: Rationale for the announced impairment
Rationale for the announced impairment Background Financial impact • In accordance with IFRS requirements • Non-cash impairment amounting to SEK 1,064 M booked in • Impairment for product development projects where the Q4 FY24/25 due to discontinued R&D projects roadmap direction has been changed: o
Slide 14: Strong cash flow after continuous investments in Q4
Strong cash flow after continuous investments in Q4 (SEK M) Q4 24/25 Q4 23/24 2024/25 2023/24 23/24 24/25 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 EBITDA 1,189 930 3,283 3,189 1% Taxes, interest net and other 15 -54 -454 -508 -3% -4% -5% -5% Change in NWC 364 441 -203 -220 -6% -7% -8% Cash flow from operating
Slide 15: Rolling twelve-month operational cash conversion
Rolling twelve-month operational cash conversion SEK M 100% 80% 3,000 77% 80% 2,500 Target >70% Strong operational cash flow amounted to SEK 1,248 M in Q4 60% • Full year operational cash conversion at 80% – above target and LY 2,000 1,500 40% 1,000 20% 500 2,461 2,519 2,352 2,376 2,626 0% 0 Q4 Q1 2
Slide 16: Proposed dividend for 2024/25
Proposed dividend for 2024/25 Dividend, SEK per share Pay-out ratio of 78% of adjusted net income1 (Dividend policy of >50%) SEK 917 M 2.40 2.40 2.40 2.40 (two installments) 2.20 1.80 SEK 458.5 M SEK 458.5 M 19/20 20/21 21/22 22/23 23/24 24/25 1 Adjusted net income = Net income excluding items affec
Slide 17: Outlook
Outlook Jonas Bolander President and CEO Restricted Information and Basic Personal Data
Slide 18: Outlook
Outlook Normal seasonal development is expected with low sales volumes as well Q1 25/26 as negative FX-effects Despite present market conditions and current political and macro- Full year 25/26 economic visibility, net sales are expected to grow year-over-year Gross and EBIT margins expected to expa
Slide 19: Summary
Summary Jonas Bolander President and CEO Restricted Information and Basic Personal Data
Slide 20: Summary
Summary • Earnings momentum – best Q4 gross margin since FY19/20 and record high EBIT • Product launches drives volumes, price increases and mix • Solid cash flow supports proposed dividend of SEK 2.40 per share The most comprehensive product portfolio in the industry Restricted Information and Basi
Slide 21: Elekta's Capital Markets Day, June 10, 2025
Elekta's Capital Markets Day, June Elekta’s Investor Update 10, 2025 Stockholm, Sweden Registration: Investor Update - Elekta June 10, 2025 Stockholm, Sweden Restricted Information and Basic Personal Data
Slide 22: Financial calendar
Financial calendar Interim report, Q1 May-Jul 2025/26 Aug 28, 2025 Annual General Meeting 2025 Sep 4, 2025 Interim report, Q2 Aug-Oct 2025/26 Nov 26, 2025 Interim report, Q3 Nov-Jan 2025/26 Mar 5, 2026 Interim report, Q4 Feb-Apr 2025/26 May 28, 2026 Further questions Tobias Hägglöv Peter Nyquist CFO
Slide 23: Q&A
Q&A Restricted Information and Basic Personal Data
Slide 24: We don’t just build technology, we build hope
We don’t just build technology, we build hope Restricted Information and Basic Personal Data
Slide 25: Restricted Information and Basic Personal Data
Restricted Information and Basic Personal Data