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Elekta hits bottom of STOXX after Q4 EBIT miss



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** Shares in Elekta EKTAb.ST slump 14% to the bottom of Europe's STOXX 600 .STOXX after the Swedish radiation therapy equipment maker posted bigger-than-expected drop in Q4 profit

** Q4 adj. EBIT falls 22% to SEK 651 million ($62.5 million), missing consensus by 21% according to J.P.Morgan

** JPM ("underweight") points to a challenging market and launch costs for Elekta Evo as results for the miss

** Elekta's CEO says he is not satisfied with Q4 outcome and expects H1 of FY 2024/25 to be weaker as well due to challenging market conditions

** The stock is on track for its worst day since February 2019 if losses hold


($1 = 10.4162 Swedish crowns)



Reporting by Anna Chaberska

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