Sales missed expectations in Q3 due to the delay in installations of linacs in the US. Order intake was also weak with the US being the main drag. However, the new regional manager’s aggressiveness could put the US back on track. Also, given the robust sales funnel of Unity, the 75 units order target could be achieved three months early. While margin expansion also remains on track, driven by an improving product mix and the cost-cutting programme, Coronavirus is a near-term threat.
24 Feb 2020
Despite a soft Q3, FY19/20 guidance reiterated
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Despite a soft Q3, FY19/20 guidance reiterated
Elekta AB Class B (EJXB:FRA) | 0 0 0.5% | Mkt Cap: 27,040m
- Published:
24 Feb 2020 -
Author:
Sumit Sayal -
Pages:
4
Sales missed expectations in Q3 due to the delay in installations of linacs in the US. Order intake was also weak with the US being the main drag. However, the new regional manager’s aggressiveness could put the US back on track. Also, given the robust sales funnel of Unity, the 75 units order target could be achieved three months early. While margin expansion also remains on track, driven by an improving product mix and the cost-cutting programme, Coronavirus is a near-term threat.