Elekta AB Class B
EKTA B: XSTO (SWE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SEK 659.00 | Dshq | Knqyhgbj |
Elekta's Sales Remain Below Precoronavirus Levels in the First Quarter
Net sales for wide-moat Elekta grew 8% in constant currency year over year for the first quarter to SEK 3.009 billion, but operating costs reduced net profit by 42% to SEK 126 million. Management considers much of the supply-chain-related costs to be temporary. We are reviewing our assumptions and will be updating the model for the results and cash flows realized since our last update. Elekta is currently trading in 3-star territory.