Elekta reported first-quarter results for fiscal 2026/27 on August 27, 2026, highlighting a 560-basis-point expansion in adjusted gross margin to 42.6% alongside a 470-basis-point increase in adjusted EBIT margin to 11.2%, both driven by cost reductions and a SEK 53 million tariff refund. Net sales declined 2% in constant currency to SEK 3,536 million, with solutions revenue down 9% to SEK 1,628 million and service revenue up 5% to SEK 1,909 million.
Order intake rose 3% during the quarter, while the book-to-bill ratio stood at 1.11. Adjusted earnings per share increased to SEK 0.69 from SEK 0.28 a year earlier. Free cash flow before dividends and M&A improved to negative SEK 266 million, an SEK 154 million year-over-year reduction in cash burn. The company attributed SEK 318 million in working capital outflows during the period.
Regional performance diverged, with Americas sales up 2% in constant currency and adjusted EBIT margin nearly doubling to 19.1%. Europe grew 5% with a 1.5-percentage-point EBIT margin expansion to 15.6%. In contrast, APJ sales fell 12%, including a 16% drop in China, where EBIT margin compressed to 3.4%. TIMEA posted a 4% decline, though its EBIT margin improved slightly to negative 1.1%.
CEO Jakob Just-Bomholt noted continued progress in strengthening profitability and cash generation but emphasized that revenue growth remains below the 6% annual market expansion rate. The company maintained its full-year outlook for constant currency sales growth of 2–4% and adjusted EBIT margin of 12.5–13.5%, with a SEK 3 million tariff refund expected in the second quarter. Foreign exchange headwinds from a stronger Swedish krona reduced net sales by 0.9 percentage points and adjusted EBIT margin by 0.3 percentage points.
Elekta reiterated its commitment to R&D investment at approximately 10% of revenue.
