Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Radiotherapy gear group Elekta's profit up despite Ukraine, supply headwinds

Published 25/05/2022, 07:13
Updated 25/05/2022, 07:15
© Reuters.

© Reuters.

STOCKHOLM (Reuters) - Radiation therapy equipment maker Elekta posted on Wednesday an unexpected rise in quarterly profit despite headwinds from global supply chain issues, Russia's invasion of Ukraine and pandemic lockdowns in China.

Operating profit in the Swedish group's fiscal fourth quarter grew to 570 million crowns ($58.3 million) from a year-ago 545 million on 5% sales growth. Analysts polled by Refinitiv had on average forecast a drop in profit to 525 million. [L5N2XF0J9]

"The constraints in global supply chains continued, now also impacted by the war in Ukraine and lockdowns in China. However, we were able to drive higher installation volumes than last year, with a strong finish of the quarter," CEO Gustaf Salford said in a statement.

"For the first quarter 2022/23 we do not see a change in the macro environment with continued inflation and supply chain challenges impacting our installations, costs and margins," he said.

Elekta proposed an annual dividend of 2.40 crowns per share, up from 2.20 crowns.

($1 = 9.7832 Swedish crowns)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.