Elekta-New financial targets ahead of today’s CMD-06/17/2026

Research evidence excerpt

Elekta-New financial targets ahead of today’s CMD-06/17/2026

Elekta

NEWSFLASH | 17 JUN 2026

New financial targets ahead of today’s CMD

The new targets include mid single-digit sales CAGR at CER through FY’28/29, as well as an adj. EBIT margin of 14-16%, and

FCF before dividend of ~10% of sales in FY’28/29. Overall, the targets are about what we would have expected, but we see

them as positive on the margin. Consensus is currently at slightly below 4% CAGR, thus fairly in line, while consensus adj.

EBIT margin of ~14% for FY’28/29 sits at the low end of the new target range. In addition to the mid-term targets, Elekta

provided a more detailed outlook for FY’26/27, with 2-4% sales growth at CER and an adj. EBIT margin of 12.5-13.5%.

Consensus is at 4% growth and 12.9% margin, meaning growth is at the high end of guidance and the margin is fairly in line.

We have a Buy rating and a TP of SEK 65.

Christian Lee

+46 84 02 52 67, christian.lee@paretosec.com

Filip Wiberg

+46 73 045 6771, filip.wiberg@paretosec.com

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