Elekta's 1Q Shows Mixed Order Intake Across Geographies; Shares Remain Undervalued
Elekta's order development was mixed across the main regions in the first quarter. On the bright side, net sales and gross margin progressed well. Our wide moat rating is intact, and we retain our fair value estimate of SEK 93 per share. The stock remains undervalued, in our opinion.Elekta's gross order intake was flat on constant exchange rates. The decline in South America more than offset North America growth at 5%, with weak economic conditions hindering investments in new equipment. In Eu...
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.
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