EKTAY - Elekta AB (publ) (EKTAF) Q4 2024 Earnings Call Transcript
2024-06-07 09:22:07 ET
Elekta AB (publ) (EKTAF)
Q4 2024 Earnings Conference Call
June 5, 2024 4:00 AM ET
Company Participants
Peter Nyquist - Head of Investor Relations
Gustaf Salford - President and Chief Executive Officer
Tobias Hagglov - Chief Financial Officer
Conference Call Participants
Erik Cassel - Danske Bank
Kristofer Liljeberg - Carnegie
Mattias Vadsten - SEB
Rickard Anderkrans - Handelsbanken
Veronika Dubajova - Citi
Patrik Ling - DNB
David Adlington - JPMorgan
Sten Gustafsson - ABG
Lisa Clive - Bernstein
Presentation
Peter Nyquist
Hi, and good morning, everyone. My name is Peter Nyquist, and I'm the Head, Investor Relations here at Elekta, and I've just completed my first quarter here at Elekta. And with me here in the studio in Stockholm, I have Gustaf Salford, Elekta's President and CEO; and our CFO, Tobias Hagglov, who will today present the results.
Today's agenda starts with Gustaf presenting some highlights in the development during the quarter as well as some of the strategic achievements we have done throughout the year as well as the quarter. Then, Tobias will give you more details on the financials, and Gustaf will end the presentation with Elekta's view on the outlook. After the presentation, there will be, as usual, time for questions as well as answers.
But before we start, I want to remind you that some of the information discussed on this call contains forward-looking statements. These can include predictions regarding revenues, operating result, cash flow, as well as products and product development. These statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements.
With that said, I would like to hand over the word to you, Gustaf.
Gustaf Salford
Thank you, Peter; and good morning, everyone, and thank you for attending our call. I will now focus on the key takeaways for the full year. When we look at the full year, you saw that net sales increased by 5% with growth in all regions, which is strong considering the challenges we have had in some markets, like China, where anti-corruption campaigns has impacted order intake as well as sales significantly. The adjusted EBIT margin increased by 150 basis points to 11.8% and we did delivered an adjusted EBIT of over SEK2.1 billion.
We have strengthened our product portfolio by launching the market leading Elekta Evo, an AI-powered CT-adaptive and highly versatile linac. And together with our comprehensive software suite Elekta ONE, this linac will be able to drive both increased personalization and higher productivity for our customers.
We delivered a strong operating cash flow of the continuous investments of SEK850 million, more than double compared to last year. And a strong cash flow is the proof point of an efficient business model and going forward we will continue our activities to structurally improve working capital....
Elekta AB (publ) (EKTAF) Q4 2024 Earnings Call Transcript