RaySearch Laboratories Reports Strong Q3 2024 Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 09 2024
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Source: Business Insider
Financial Performance: RaySearch Laboratories AB Class B reported a 16% increase in net sales for Q3 2024, with an operating profit of SEK 61.8 million and a profit after tax of SEK 45.4 million, alongside a rise in earnings per share to SEK 1.32.
Strategic Developments: The company launched a new version of its RayStation software, appointed Nina Grönberg as CFO, and aims to achieve an operating margin target of at least 25% by 2026, supported by growth in major markets like the USA, UK, and China.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
