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Elekta AB Downgrades FY 2012/2013 Revenue Guidance and Updates on FY 2012/2013 Operating Profit Guidance


Tuesday, 5 Mar 2013 01:30am EST 

Elekta AB announced that due to effects of exchange rate volatility, uncertainty in the United States market and postponed business in the Middle East, the Company has decided to adjust its fiscal year 2012/2013 financial outlook. The Company now expects that its fiscal year 2012/2013 net sales will increase by approximately 15% in local currency, while operating profit will increase by more than 15% excluding currency effects. Exchange rate movements compared to the fiscal year 2011/2012 are expected to have a negative impact of approximately three percentage points on growth of net sales as well as operating profit for the 2012/2013 fiscal year. Previously, Elekta announced that for the fiscal year 2012/13, net sales result is expected to grow by more than 15% in local currency and operating profit in SEK to grow by more than 15%. Currency was estimated to have a neutral impact including hedging effects on operating profit. 

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