LINKÖPING, Sweden, Sept. 4, 2018 /PRNewswire/ -- International
medical imaging IT and cybersecurity company Sectra (STO: SECT B)
reported increased order bookings, net sales and earnings.
Collaborations with new and existing customers contribute to a
favorable performance and financial key figures exceed the Group's
goals. At the same time, future ventures being carried out in new
markets and product areas have been charged to earnings but are
expected to make a positive contribution within the next few
years.
First quarter in figures
- Order bookings increased 25.9% to SEK
286.5 million (227.6). Of the order bookings during the
quarter, an estimated 48–58% pertains to invoicing within 12 months
after the end of the quarter.
- Net sales rose 15.5% to SEK 306.1
million (265.1). Adjusted for currency fluctuations, sales
increased 11.5%.
- Operating profit rose 4.5% to SEK 46.3
million (44.3), corresponding to an operating margin of
15.1% (16.7). Adjusted for currency fluctuations, operating profit
decreased 1.6%.
- Profit before tax rose 48.6% to SEK 42.8
million (28.8). The outcome was impacted by improvements in
net financial items due to currency fluctuations, primarily in
USD.
- Cash flow after changes in working capital amounted to
SEK 19.4 million (24.3).
Torbjörn Kronander, President and CEO of Sectra AB,
comments
"The trend with respect to order bookings and sales remained
positive. The order book is healthy, and all operating areas
reported an increase in sales. We are also benefiting from
exchange-rate movements compared with the corresponding quarter in
the preceding year, which has impacted our financial items. We
intensified our focus on North
America and on new product areas and geographic markets. The
cost for this work was charged to earnings but is ultimately
expected to generate a positive return. Cash flow was burdened by
the signing of several major agreements with customers in Imaging
IT Solutions and Secure Communications over the past year, which
are initially generating more expenditures than income.
"Within Imaging IT Solutions, the US is currently our most
exciting growth market and we kicked off the fiscal year with
orders from new, reputable customers in the country, including
Stanford University Hospital in
California and Sanford Health, a
hospital chain primarily operating in North and South Dakota. Agreements with such large,
respected customers strengthen Sectra's market position and will
provide the company with solid future references.
"Our high customer satisfaction, benefits for society and future
initiatives will serve as the basis for our long-term success. I am
therefore optimistic when it comes to our ability to continue this
positive trend going forward."
For further CEO comments and information, see the attached
interim report.
Presentation of the interim report
A teleconference will be held by Torbjörn Kronander, President
and CEO of Sectra AB, and Mats Franzén, CFO of Sectra AB. The
presentation will be held in English.
Time: September 4, 2018 at
10:00 a.m. (CET)
To participate, call:
SE +46-8-5664-2662
UK +44-20-3008-9806
US +1-855-753-2235
The report presentation can also be followed live online:
www.sectra.com/irwebcast. A recorded version will also be available
via this link after the conference.
This information constitutes information that Sectra AB
(publ) is obliged to make public pursuant to the EU Market Abuse
Regulation and/or the Swedish Securities Markets Act. The
information was submitted for publication, through the agency of
the contact person set out below, at 8:00
a.m. (CET) on September 4,
2018.
For further information, please contact:
Dr. Torbjörn Kronander,
CEO and President Sectra AB,
+46(0)705-23-52-27
This information was brought to you by Cision
http://news.cision.com
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The following files are available for download:
http://mb.cision.com/Main/1263/2607179/902245.pdf
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Sectra three-month
interim report 2018/2019
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http://news.cision.com/sectra/i/torbjorn-kronander--president-and-ceo-of-sectra-ab,c2478776
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Torbjörn Kronander,
President and CEO of Sectra AB
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