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Elekta Reports beat expected profits despite low sales

Elekta reports beat expected profits despite low sales

On Wednesday, the U.K. based equipment maker, Elekta, posted a better than expected earnings for the first quarter of the financial year 2020, despite a plunge in sales, led majorly by coronavirus crisis. 

The Swedish radiation therapy tool maker reported $38.21 million (335 million crowns) operating profit, as compared to the experts’ prediction of an average of 172 million crowns profit. The posted earning is 42% up from the last year for the same period. 

Meanwhile, Elekta’s EBITDA (earnings before interest, tax, depreciation, and amortisation) increased to 551 million crowns or 23%.

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