Year-end report, May–April 2020/21

Fri, May 28, 2021 07:30 CET

Accelerated order growth

During Elekta’s fourth quarter, we drove strong order growth in all regions – both from market growth and market share gain – and we received our 100^th Unity order. Installation volumes were similar to levels in the fourth quarter last year, still impacted by reduced access to hospitals, especially in emerging markets due to Covid. When summarizing the full year, we showed good order growth in a pandemic affected market, improved our EBITA on stable volumes and delivered our best annual cash flow ever.

Gustaf Salford
President and CEO

Fourth quarter

Gross order intake amounted to SEK 5,379 M (5,032), corresponding to an 18 percent increase in constant currency
Net sales were SEK 3,667 M (4,008), corresponding to a 1 percent growth in constant currency
Gross margin amounted to 38.5 (42.6) percent
EBITA amounted to SEK 743 M (886), corresponding to an EBITA margin of 20.3 (22.1) percent
Earnings per share was SEK 0.89 (1.07) before/after dilution
Cash flow after continuous investments decreased by SEK 208 M to SEK 818 M (1,026)

Full year

Gross order intake amounted to SEK 17,411 M (17,735), corresponding to a 6 percent growth in constant currency
Net sales were SEK 13,763 M (14,601), corresponding to a 1 percent increase in constant currency
Gross margin amounted to 40.8 (42.0) percent
EBITA amounted to SEK 2,709 M (2,521), corresponding to an EBITA margin of 19.7 (17.3) percent
Earnings per share was SEK 3.28 (2.84) before/after dilution
Cash flow after continuous investments improved by SEK 1,454 M to SEK 1,706 M (252)

Dividend for fiscal year 2020/21

The Board of Directors proposes a dividend of SEK 2.20 (1.80) per share (in two instalments) for the fiscal year 2020/21

New mid-term outlook

Net sales CAGR of above 7 percent until 2024/25
EBIT margin percent expansion until 2024/25
A new dividend policy of at least 50 percent of net profit for the year

No significant events after the quarter

¹ After continuous investments. ² Before / after dilution. ³ Based on constant currency.

# # #

For further information, please contact:
Cecilia Ketels, Head of Investor Relations
Tel: +46 76 611 76 25, e-mail: cecilia.ketels@elekta.com
Time zone: CET: Central European Time

Johan Adebäck, CFO, Elekta AB (publ)
Tel: +46 70 873 33 21, e-mail: johan.adeback@elekta.com
Time zone: CET: Central European Time

This is information that Elekta AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication at 07:30 CET on May 28, 2021. (REGMAR)

About Elekta
For almost five decades, Elekta has been a leader in precision radiation medicine. Our more than 4,000 employees worldwide are committed to ensuring everyone in the world with cancer has access to – and benefits from – more precise, personalized radiotherapy treatments. Headquartered in Stockholm, Sweden, Elekta is listed on NASDAQ Stockholm Exchange. Visit elekta.com or follow @Elekta on Twitter.

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Year-End Report