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Thursday, June 11, 2015

BRIEF-Elekta says aims to reduce costs by SEK 450 mln in two years

<span id="midArticle_start"/> Elekta AB

<span id="midArticle_0"/>* Details on action program at Capital Markets Day

<span id="midArticle_1"/>* Says action program entails company-wide cost reductioninitiatives as well as efficiency programs to reduce cost ofgoods sold

<span id="midArticle_2"/> <span class="first-article-divide"/>* Says program aims at a total cost reduction of SEK 450million to be realized in next two years

<span id="midArticle_3"/> <span class="second-article-divide"/>* Says in mid-term (fiscal years 2016/17 and 2017/18),Elekta aims at 3-5 percent net sales growth per year in localcurrency and to increase EBITA margin by more than 6 percentagepoints

<span id="midArticle_4"/> <span class="third-article-divide"/>* Says first priority is a return to growth during secondhalf of fiscal year 2015/16, with an improved EBITA margin

<span id="midArticle_5"/>* Says in long-term, Elekta aims at net sales growth of morethan 10 percent per year, EBITA growth to exceed sales growth inSEK, a return on capital employed of more than 20 percent and anet debt/equity ratio not to exceed 0.50Source text for Eikon: Further company coverage: (Reporting By Bjorn Rundstrom)

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