LINKÖPING, Sweden, Dec. 7, 2018 /PRNewswire/ -- International
medical imaging IT and cybersecurity company Sectra (STO: SECT B)
is growing in the medical IT and cybersecurity markets through
collaboration with new and existing customers. Future ventures in
new markets and new product areas are having a dampening effect on
earnings but are expected to make a positive contribution to
long-term growth.
Six-month period, May–October 2018
- Order bookings amounted to SEK 637.2
million (654.4).
- Net sales increased 9.5% to SEK 633.4
million (578.5). Adjusted for currency fluctuations, sales
increased 4.6%.
- Operating profit totaled SEK 94.7
million (104.1), corresponding to an operating margin of
14.9% (18.0). Adjusted for currency fluctuations, operating profit
decreased 17.1%.
- Profit before tax rose 7.3% to SEK 97.3
million (90.7).
- Cash flow after changes in working capital amounted to
SEK 97.7 million (74.7).
Second quarter in figures
- Order bookings amounted to SEK 350.7
million (426.8). Of the order bookings during the quarter,
an estimated 60–70% pertains to invoicing within 12 months after
the end of the quarter.
- Net sales increased 4.5% to SEK 327.4
million (313.4). Adjusted for currency fluctuations, sales
decreased 0.7%.
- Operating profit totaled SEK 48.4
million (59.8), corresponding to an operating margin of
14.8% (19.1). Adjusted for currency fluctuations, operating profit
decreased 27.7%.
- Profit before tax amounted to SEK 54.5
million (61.9).
- Cash flow after changes in working capital amounted to
SEK 78.3 million (50.4).
Torbjörn Kronander, President and CEO of Sectra AB,
comments
"The order volume in the second quarter was favorable, but as
expected did not reach the exceptional level reported in the
corresponding quarter in the preceding year. The US operation
doubled its order bookings and accounted for the largest increase
during the period.
"The order book is healthy. All operating areas and geographic
markets reported an increase in sales for the six-month period.
Although the second quarter was slightly weaker than the
comparative quarter, we are used to relatively large fluctuations
between quarters and are well above our financial goals for the
most recent 12-month period.
"Healthcare and cybersecurity are growing and rapidly changing
markets, where numerous opportunities are being created for
companies like Sectra. With stable underlying operations with
favorable profitability and long-term customer contracts, we have
laid a solid foundation for growth. Our high customer satisfaction,
our fantastic employees—who make a difference in society and for
their fellow human beings—and our exciting future initiatives will
serve as the basis for our long-term success."
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: December 7, 2018 at
10:00 a.m. (CET)
To participate, call:
SE +46856642662
UK +442030089808
US +18557532236
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 8:15
a.m. (CET) on December 7,
2018.
For further information, please contact:
Torbjörn Kronander
President and CEO
Sectra AB
Tel +46-705-23-52-27
Press images: flickr.com/photos/sectramedicalsystems
This information was brought to you by Cision
http://news.cision.com
http://news.cision.com/sectra/r/sectra-s-six-month-interim-report-2018-2019--stronger-cash-flow-and-increased-order-bookings-in-the-,c2693211
The following files are available for download:
https://mb.cision.com/Main/1263/2693211/959109.pdf
|
Sectra six-month
report 2018/2019
|
http://news.cision.com/sectra/i/torbjorn-kronander--president-and-ceo-of-sectra-ab,c2541461
|
Torbjörn Kronander,
President and CEO of Sectra AB
|
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SOURCE Sectra