- (PLX AI) - Elekta shares fell 10% in early trading after first-quarter orders significantly underperformed consensus and margins were affected by rising costs.
- • Q1 orders SEK 3,871 million vs. estimate SEK 4,507 million
- • Q1 EBIT margin 3.5% vs. estimate 5.2%
- • The first quarter report was overall soft, with weak orders and continued muted cash flows, SEB said
- • Given the weak order development, mid-single-digit negative revisions are warranted to estimates: SEB
- • Most negative in the report was the negative organic order decline of 11% caused by a large drop in North America, analysts at Carnegie said
- • Elekta is initiating an additional cost-reduction initiative, the company said
- • We see a potential for shares to strengthen if management are able to present the savings program in a reliable way, Carnegie said
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