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%.