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Elekta AB (publ) (EKTAb.ST)

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Latest Key Developments (Source: Significant Developments)

Elekta says on track to reach targets of transformation program
Monday, 26 Sep 2016 09:00am EDT 

Elekta AB : Says company is on track to reach targets of its transformation program .Says these targets include an EBITA margin of 20 percent in 2017/18; cost reductions of SEK 700 million, with full effect 2017/18; and a net working capital to sales ratio below five percent in 2016/17.  Full Article

Elekta Q1 core profit tops forecast
Thursday, 1 Sep 2016 01:30am EDT 

Elekta AB : Q1 EBITA, adjusted for items affecting comparability and bad debt losses, amounted to SEK 166 m (68) . Reuters poll: Elekta adjusted EBITA at SEK 80 million . Elekta Q1 gross order intake increased by 4 percent to SEK 2,662 m (2,569) . Q1 items affecting comparability was SEK -89 m (-30) and bad debt losses was SEK -6 m (-27) . Net sales decreased 16 percent to SEK 1,882 M (2,239) and 15 percent based on constant exchange rates . Says our target is to reduce cost base with SEK 700 m compared with 2014/15 and we are half way through process .Says order growth in china was particularly strong with an increase of 30 percent.  Full Article

Elekta core earnings undershoot, says first half of fiscal 2016/17 to be weak
Wednesday, 1 Jun 2016 01:30am EDT 

Elekta AB : Says board of directors proposes a dividend of sek 0.50 (0.50) per share for fiscal year 2015/16 and that dividend will be divided into two payments from now on . Q4 EBITA, adjusted for non-recurring items and bad debt losses, amounted to SEK 785 m (739). Non-Recurring items was SEK -459 m (-1) and bad debt losses was SEK -43 m (-138) . Q4 net order bookings increased 17 percent to sek 4,520 m (3,856) and increased 16 percent based on constant exchange rate . Reuters poll: Elekta Q4 order bookings were seen at SEK 4,303 million, adjusted EBITA at SEK 905 million, dividend per share SEK 0.72 . Says to further reduce inventories, will undertake temporary reduced production and shipment volume, with a one-off negative revenue impact estimated at about sek 500 m in first half of fiscal year 2016/17 . Says expects a weak result during first half of fiscal year 2016/17 . Says additional expected costs related to transformation are estimated to be approximately SEK 300 m and will be charged as a non-recurring item during fiscal 2016/17 . Says going forward Elekta will not provide a net sales outlook . Says targets for transformation program include reaching an EBIT margin of 20 percent in fiscal year 2017/18 .Says also includes to realize cost reductions of SEK 700 m with full effect from 2017/18.  Full Article

Elekta says Leksell Gamma Knife Icon cleared for use in Japan, US
Wednesday, 1 Jun 2016 01:30am EDT 

Elekta Publ AB :Elekta's Leksell Gamma Knife Icon cleared for use in Japan and United States.  Full Article

Elekta to pay 8.9 million euro in legal dispute
Tuesday, 24 May 2016 12:00pm EDT 

Elekta Publ Ab : Elekta to pay humediQ eur 8.9 million in legal dispute . An arbitration tribunal in London issued an award in a dispute between two Elekta group companies and humediQ GmbH . The tribunal determined that the Elekta companies did not validly terminate a 2011 agreement and that, as a result, they must pay humediQ approximately 8.9 million euro . In addition, Elekta will write off approximately 5 million euro connected to payments made under the agreement. .Says the negative result of approximately 14 million euro will be taken in the fourth quarter of Elekta's fiscal year 2015/16 as a non-recurring item.  Full Article

UK cancer centre gets eight Elekta linear accelerators
Tuesday, 17 May 2016 01:30am EDT 

Elekta AB: Leeds St James acquires eight Elekta linear accelerators for advanced cancer treatment . Says seven Of eight linear accelerators were booked during Q4 Of Elekta's fiscal year 2015-16 Further company coverage: [EKTAb.ST] (Reporting By Simon Johnson) ((simon.c.johnson@thomsonreuters.com;)).  Full Article

Elekta publ AB - Elekta sandwich maker recalled - Gulf News
Wednesday, 27 Apr 2016 09:15am EDT 

Elekta publ AB:Customers who have purchased product can ask producers for replacement Samihah Zaman, Staff Reporter.Abu Dhabi: Residents who have purchased a sandwich maker by UAE-based appliance maker Elekta with model number EST-51GSS have been urged to stop using the product immediately.In a statement issued through media on Tuesday, Elekta, in collaboration with the Abu Dhabi Quality and Conformity Council (QCC), said the product had raised safety concerns.It said the sandwich maker did not "conform to technical safety regulations".The producers added that consumers could ask for a safe replacement or a refund by contacting producers at 04 8857440, and apologised for any inconvenience caused.The QCC regularly surveys products in the emirate to ensure that they meet safety and quality standards.In the event that products are found to be lacking, the regulator either issues an order for their withdrawal from the market, or works to ensure that they are safely replaced in collaboration with producers.  Full Article

aElekta says wins U.S. orderElekta publ AB
Tuesday, 26 Apr 2016 01:30am EDT 

Elekta publ AB:The University of Texas MD Anderson Cancer Center to acquire Elekta linear accelerators and other radiotherapy solutions.Says order, for four infinity treatment systems, will also include elekta's high-resolution beam shaping solution.The deal also includes four high-dose-rate (HDR) brachytherapy afterloaders.  Full Article

oldman Sachs Group Inc. decreased stake in Elekta AB
Friday, 15 Apr 2016 03:41am EDT 

Elekta publ AB:Goldman Sachs Group, Inc decreased stake in Elekta AB from above 5 percent to 0.06409 percent of Elekta share capital.  Full Article

Elekta appoints Richard Hausmann new President and CEO
Wednesday, 13 Apr 2016 01:30am EDT 

Elekta publ AB:Richard Hausmann appointed as Elekta's President and CEO from June 10.Hausmann succeeds Tomas Puusepp, current President and Chief Executive Officer.Tomas Puusepp will continue as a working board member for Elekta from June 10.  Full Article

BRIEF- IBA and Elekta enter MOU regarding comprehensive partnership

* ANNOUNCED ON SATURDAY IBA AND ELEKTA ENTERED A MEMORANDUM OF UNDERSTANDING (MOU)REGARDING A COMPREHENSIVE PARTNERSHIP INCLUDING JOINT SOFTWARE DEVELOPMENT AND SALES TO ADVANCE PROTON THERAPY TREATMENTS Source text for Eikon: