Nine-month interim report May – January 2010/11

Nine-month interim report May – January 2010/11

Stockholm Sweden — Monday, March 7, 2011

Order bookings increased 10* percent to SEK 6,041 M (5,705).

Net sales rose 14* percent to SEK 5,328 M (4,835).

Operating profit increased to SEK 751 M (553).

Net income rose to SEK 500 M (358).

Earnings per share after dilution improved to SEK 5.30 (3.91).

Cash flow from operating activities amounted to SEK 460 M (589). Cash flow after investments was SEK 142 M (527), including acquisitions of SEK -255 M (0). 

For fiscal year 2010/11, net sales is expected to grow by 12-14 percent in local currency. Operating profit in SEK is expected to grow by 16-20 percent.

Table included in attached PDF file

* Compared to last fiscal year at unchanged exchange rates.

President and CEO Tomas Puusepp comments  

I am very pleased with Elekta’s solid performance in the first nine months of fiscal year 2010/11. Order bookings increased by 10 percent based on unchanged exchange rates.
Operating profit rose by 36 percent to SEK 751 M (553) with an operating margin improvement to 14 percent (11).

Order intake for the nine-month period was particularly strong in Region North and South America, helped by a strong third quarter in the North American market and a positive development in Brazil. In the Asia Pacific region, China, India and Australia represented the strongest growth markets. Demand in Europe, Middle East and Africa showed a mixed picture. Eastern Europe, Russia and Italy reported continued solid growth while activity was lower in the UK and in the Nordic countries.

There may be quarterly fluctuations in demand in the respective regions. However, we expect sustainable growth rates for region Europe, Middle East and Africa as well as for North America at mid to high single digit levels, and double digit growth rates for the Asia Pacific region.

The need for cancer care is growing world wide. Elekta is market leader in emerging markets, where the demand for clinical solutions like Elekta’s is particularly strong. We continue to make cancer care available to more people around the world through geographical expansion. Key success factors are our long term customer relations, our innovative capabilities and our commitment to the highest level of service and customer care.

Elekta provides world leading solutions in image-guided radiation therapy, stereotactic radiosurgery and oncology software in collaboration with the foremost universities and hospitals worldwide. There is an increasing interest for stereotactic radiosurgery and stereotactic radiotherapy for the treatment of cancer and multiple metastatic tumors.

With good visibility for the remainder of the fiscal year, Elekta’s financial outlook for the fiscal year 2010/11 has been changed.  Net sales is expected to grow by 12-14 percent in local currency. Operating profit in SEK is expected to grow by 16-20 percent.  

Tomas Puusepp
President and CEO


For further information, please contact:

Håkan Bergström, CFO, Elekta AB (publ)
Tel: +46 8 587 25 547, e-mail: hakan.bergstrom@elekta.com

Stina Thorman, Vice President Corporate Communications, Elekta AB (publ)
Tel: +46 8 587 25 437, e-mail: stina.thorman@elekta.com



This information was brought to you by Cision http://www.cisionwire.com
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The following files are available for download:


The full report

 

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About Elekta

Elekta is a human care company pioneering significant innovations and clinical solutions for treating cancer and brain disorders. The company develops sophisticated, state-of-the-art tools and treatment planning systems for radiation therapy and radiosurgery, as well as workflow enhancing software systems across the spectrum of cancer care.

Elekta is a human care company pioneering significant innovations and clinical solutions for treating cancer and brain disorders. The company develops sophisticated, state-of-the-art tools and treatment planning systems for radiation therapy and radiosurgery, as well as workflow enhancing software systems across the spectrum of cancer care.

Stretching the boundaries of science and technology, providing intelligent and resource-efficient solutions that offer confidence to both healthcare providers and patients, Elekta aims to improve, prolong and even save patient lives, making the future possible today.

Today, Elekta solutions in oncology and neurosurgery are used in over 5,000 hospitals globally, and every day more than 100,000 patients receive diagnosis, treatment or follow-up with the help of a solution from the Elekta Group.

Elekta employs around 2,500 employees globally. The corporate headquarter is located in Stockholm, Sweden, and the company is listed on the Nordic Exchange under the ticker EKTAb.

Visit Elekta - www.elekta.com

Press Releases

For further information, please contact

Stina Thorman, Vice President Corporate Communications, Elekta AB
Tel: +46 8 587 254 37
Email: stina.thorman@elekta.com
Time zone: CET: Central European

Michelle Lee, Director, Global Public Relations and Brand Management, Elekta
Tel: +1 770-670-2447
Email: michelle.lee@elekta.com
Time zone: EDT: Eastern Daylight Time