Quarterly Sales Growth (FX-adjusted)
Q4 sales of SEK 269 million, up 15% in local currencies (7% reported). Full-year sales SEK 992 million, up 12% reported (19% in local currencies).
Record License Revenues (Robotics)
All-time high license revenues of SEK 92 million in Q4, an increase of 21%; license revenues represented 34% of total revenues in the quarter (30% prior year).
Adjusted EBIT and Profitability in Q4
Adjusted EBIT for Q4 of SEK 46 million. Reported adjusted EBIT margin cited at ~17% (18% excluding restructuring), with operating profit of SEK 40 million (15% margin) — Q4 results aligned with the company target of >15% profitability.
Pricing and Margin Initiatives
Average sales prices increased by ~9% vs Q4 2024 at fixed exchange rates with no significant volume impact; company expects further positive price effects going forward.
Regional Outperformance — Americas
North and South America region grew 43% in Q4 driven by the U.S., indicating a clear recovery and stronger sales pipelines in the region.
Strong Robotics Pipeline and Product Rollouts
Surgical Science has relationships with ~20 robotics companies (about 5 bought licenses in Q4), launched RobotiX Express with 14 exercises, and highlighted growing adoption of robotics (Intuitive reported 18% procedure growth; broader market expansion with multiple new robot models).
Development Revenue Momentum and Customer Retention
Development revenues were strong in Q4; pipeline of ongoing development projects was ~15% larger vs year-end 2024 and repeat customers for development projects exceeded 70%, indicating strong customer retention.
Cash Position and Operating Cash Flow
Operating cash flow of SEK 73 million in Q4 (vs SEK 57 million prior year Q4). Year-end cash balance SEK 616 million, providing liquidity to execute strategy.