Medical equipment maker Elekta hit by supply chain costs

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The Swedish group said its fiscal operating profit during May-July fell 40% to 201 million Swedish crowns ($23.07 million) from a year earlier.

“We are experiencing temporary headwinds to our gross margin due to increased supply-chain, logistics and service costs,” Chief Executive Gustaf Salford said in a statement.

“We expect the current supply-chain challenges and the impact on margins to gradually improve.

Elekta said demand was recovering and access to customers was improving particularly in more mature markets.

Sales grew 1%, while order intake dropped 11%. In the year-ago period, Elekta had booked a record big order and the company said orders were up adjusted for it.

($1=8.7109 Swedish crowns)

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