Report
Patrik Ling
EUR 86.87 For Business Accounts Only

Elekta (Hold, TP: SEK85.00) - Q1 usually a small quarter

Elekta is set to report Q1 2023/24 earnings at 07:30 CET on 24 August. The first quarter in Elekta’s fiscal year is normally the smallest (due to the vacation period during the summer). Items worth watching are comments regarding demand in the healthcare systems for capital equipment as well as order intake, and whether Elekta has adjusted its backlog due to the GenesisCare Chapter 11 process in the US. We reiterate our HOLD and SEK85 target price.
Underlying
Elekta AB Class B

Elekta AB is a human care company providing clinical solutions for treating cancer and brain disorders. Co. develops tools and treatment planning systems for radiation therapy including brachytherapy and radiosurgery, as well as workflow improving software systems across the field of cancer care. Co. has four product areas: Elekta Neuroscience, which develops solutions for the diagnosis and treatment of neurological diseases; Elekta Oncology, which develops clinical solutions for radiation therapy, imaging systems and clinical solutions for patient positioning and immobilization; Elekta Brachytherapy, which is engaged in cancer treatment based on internal radiation; and Elekta Software.

Provider
DnB Markets
DnB Markets

DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.

 

Analysts
Patrik Ling

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