LINKÖPING, Sweden, March 12, 2018 /PRNewswire/ -- International
medical imaging IT and cybersecurity company Sectra (STO: SECT
B) reported increased order bookings and net sales compared with
the year-earlier period. The earnings trend for the Group as a
whole was stable. Sectra's financial focus is to increase its
operating profit per share while maintaining its operating margin,
and Sectra's financial performance measures continue to exceed the
Group's target levels.
Nine-month period in figures
- Order bookings increased 19.8% to SEK
992.3 million (828.1).
- Net sales rose 9.8% to SEK 878.6
million (800.1). Adjusted for currency fluctuations, sales
increased 11.9%.
- Operating profit rose 23.7% to SEK 155.4
million (125.6), corresponding to an operating margin of
17.7% (15.7). Adjusted for currency fluctuations, operating profit
increased 27.3%.
- Cash flow after changes in working capital amounted to
SEK 120.8 million (174.9).
Third quarter in figures
- Order bookings increased 11.6% to SEK
337.9 million (302.9).
- Net sales rose 2.0% to SEK 300.1
million (294.2). Adjusted for currency fluctuations, sales
increased 4.7%.
- Operating profit rose 8.9% to SEK 51.3
million (47.1), corresponding to an operating margin of
17.1% (16.0). Adjusted for currency fluctuations, operating profit
increased 13.5%.
- Cash flow after changes in working capital amounted to
SEK 46.1 million (104.7).
Torbjörn Kronander, President and CEO of Sectra AB,
comments
"For a company such as Sectra, which competes with some of the
largest companies in the world, it is extremely important to have
satisfied, long-standing customers. Our success in this area is
confirmed by the recognition of Sectra's medical IT system (PACS)
for having the highest customer satisfaction in the US for the
fifth consecutive year, and globally for the fourth year straight.
This is mainly the result of our corporate culture, where the needs
and problems of our customers always come first. I am proud of the
positive feedback we continue to receive from users across the
globe and of our employees, who truly care about and assume
responsibility for our customers.
"Sectra continued to deliver positive trends in terms of sales,
order bookings, and profitability. The most significant sales
growth during the period was reported in Sweden, primarily as a result of increased
sales in the Secure Communications operating area. Within Imaging
IT Solutions, we are growing in the
Netherlands, the UK and the US.
"The increase in order bookings is attributable to several
comprehensive, long-term customer contracts in both Secure
Communications and Imaging IT Solutions. A significant portion of
our expenditures arise in the early stages of the multiyear
projects, while revenue and profit recognition are distributed over
the entire duration of the customer contract. Accordingly, several
of the new orders will tie up considerable capital during the
installation phase, which will place a greater burden on cash
flow.
"With all of our financial goals achieved, we aim to continue
growing in the long term. Our focus will be on growth initiatives
that can contribute to a long-term and stable earnings trend,
including cybersecurity for critical infrastructure and solutions
for integrated cancer diagnostics. We are also investing in new
geographic markets—including Canada and France, where we opened offices over the past
year—and in increasing our market shares in countries where we are
already established but are not yet the market leader."
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: March 12, 2018 at
10:00 a.m. (CET)
To participate, call:
SE: +46-856642665
UK: +44-2030089807
US: +1-8558315944
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 March 12,
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/1263/2469762/803922.pdf
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Sectra Nine-month
report 2017/2018
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SOURCE Sectra