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                              Interim report, May–October 2022/23

                              November 24, 2022

                              Product launches and Cost- reduction Initiatives on track

                              The uncertain macroeconomic environment and supply chain challenges continued to impact our installations, costs and margins in the second quarter. At the same time, we saw revenue growth in Europe and the U.S., as well as in Service. Elekta successfully launched key products that will support profitable growth going forward. Our Cost-reduction Initiative also progressed well during the quarter.

                              Gustaf Salford
                              President and CEO

                              Second quarter

                              • Gross order intake amounted to SEK 4,598 M (4,045), corresponding to a 6 percent decrease in constant exchange rates
                              • Net sales were SEK 4,081 M (3,697), corresponding to a 5 percent decrease in constant exchange rates
                              • Adjusted gross margin amounted to 37.3 percent (38.6)
                              • Adjusted EBIT amounted to SEK 316 M (533), corresponding to an adjusted EBIT margin of 7.7 percent (14.4)
                              • Earnings per share was SEK 0.32 (1.00) before/after dilution
                              • Adjusted earnings per share was SEK 0.55 (1.00) before/after dilution
                              • Cash flow after continuous investments amounted to SEK -417 M (-17)

                              First six months

                              • Gross order intake amounted to SEK 8,468 M (8,025), corresponding to an 8 percent decrease in constant exchange rates
                              • Net sales were SEK 7,408 M (6,707), corresponding to a 1 percent decrease in constant exchange rates
                              • Adjusted gross margin amounted to 38.1 percent (37.9)
                              • Adjusted EBIT amounted to SEK 447 M (734), corresponding to an adjusted EBIT margin of 6.0 percent (10.9)
                              • Earnings per share was SEK 0.47 (1.33) before/after dilution
                              • Adjusted earnings per share was SEK 0.74 (1.33) before/after dilution
                              • Cash flow after continuous investments amounted to SEK -1,010 M (-360)
                              Group summaryQ2First six months
                              SEK M2022/232021/22Δ2022/232021/22Δ
                              Gross order intake4,5984,045-6%18,4688,025-8%1
                              Net sales4,0813,697-5%17,4086,707-1%1
                              Gross margin36.2%38.6%-2.4 ppts 37.4%37.9%-0.6 ppts 
                              Adjusted gross margin 237.3%38.6%-1.3 ppts38.1%37.9%0.1 ppts
                              EBIT199533-63%316734-57%
                              Adjusted EBIT 3316533-41%447734-39%
                              EBIT margin4,9%14,4%-9.5 ppts4,3%10,9%-6.7 ppts
                              Adjusted EBIT margin 37,7%14,4%-6.7 ppts6,0%10,9%-4.9 ppts
                              Cash flow 4-417-17-2,362%-1,010-360-181%
                              Earnings per share, SEK 50,321,00-68%0,471,33-64%
                              Adjusted earnings per share, SEK 5 60,551,00-45%0.741,33-45%

                              1 Compared to last fiscal year based on constant exchange rates.
                              2 Adjusted gross margin = Gross margin excluding items affecting comparability attributable to the Cost-reduction
                              Initiative within the Resilience and Excellence Program, see page 29.
                              3 Adjusted EBIT = Operating income (EBIT) excluding items affecting comparability attributable to the Cost-reduction
                              Initiative within the Resilience and Excellence Program, see page 29.
                              4 After continuous investments.
                              5 Before/after dilution.
                              6 Adjusted earnings per share = Net income attributable to Parent Company shareholders, excluding items affecting
                              comparability attributable to the Cost-reduction Initiative, in relation to the weighted average number of shares
                              (excluding treasury shares), see page 29.

                              # # #

                              For further information, please contact:
                              Tobias Hägglöv, CFO
                              Tel: +46 76 107 4799, e-mail: tobias.hagglov@elekta.com  
                              Time zone: CET: Central European Time
                               
                              Cecilia Ketels, Head of Investor Relations
                              Tel: +46 76 611 76 25, e-mail: cecilia.ketels@elekta.com
                              Time zone: CET: Central European Time

                              About Elekta
                              As a leader in precision radiation therapy, Elekta is committed to ensuring every patient has access to the best cancer care possible. We openly collaborate with customers to advance sustainable, outcome-driven and cost-efficient solutions to meet evolving patient needs, improve lives and bring hope to everyone dealing with cancer. To us, it's personal, and our global team of 4,700 employees combine passion, science, and imagination to profoundly change cancer care. We don’t just build technology, we build hope. Elekta is headquartered in Stockholm, Sweden, with offices in more than 120 countries and listed on Nasdaq Stockholm. For more information, visit elekta.com or follow @Elekta on Twitter.

                              This information is information that Elekta AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-11-24 07:30 CET.

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                              Important Safety Information: Radiation therapy is not appropriate for all patients. Radiation treatments may cause side effects that can vary depending on the part of the body being treated. In some patients, they can be severe. Treatment sessions may vary in complexity and time. Refer to individual product labeling (instructions for use) for more complete information on product safety and effectiveness for its intended use.

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                              Important Safety Information: Radiation therapy is not appropriate for all patients. Radiation treatments may cause side effects that can vary depending on the part of the body being treated. In some patients, they can be severe. Treatment sessions may vary in complexity and time. Refer to individual product labeling (instructions for use) for more complete information on product safety and effectiveness for its intended use.