|[March 05, 2013]
Nine-month Interim Report 2012/2013: Sectra Increases Order Bookings and Improves Earnings
LINKÖPING, Sweden --(Business Wire)--
The IT and medical technology company Sectra (http://www.sectra.com)
(STO:SECTB) reported a strong third quarter of the 2012/2013 fiscal
year, compared with the year-earlier period. Order bookings rose 77% to
SEK 232.9 million (131.5). Net sales increased 4% to SEK 205.2 million
(196.1) and operating profit was up 290% to SEK 21.1 million (5.4). The
results correspond to an operating margin of 10.3% (2.8).
"Our positive earnings trend is primarily the result of our Medical
Systems business area reducing the share of hardware sales to the
benefit of increased sales of software licenses and services, which
contributed to a higher operating margin. Accordingly, on a rolling
12-month basis, we achieved an operating margin of 11.8%," says Torbjörn
Kronander, President and CEO of Sectra AB.
For the nine-month period, Sectra's net sales rose 2% to SEK 568.9
million (554.6) and the operating profit increased 52% to SEK 48.2
million (31.7). The result corresponds to an operating margin of 8.5%
(5.7). The exchange and interest-rate trend had a negatie impact on the
Group's net financial items, and profit before tax was SEK 45.4 million
(52.6), corresponding to a profit margin of 8.0% (9.5). The comparisons
relate to the result in the year-earlier period, excluding a
nonrecurring item attributable to the divestment of the MicroDose
Despite the continued weak growth in the global economy, and Europe in
particular, Sectra's order bookings for the nine-month period rose 10%
to SEK 566.1 million.
"While we have received several strategic orders in recent months, the
fluctuations between the quarters are major. In the preceding fiscal
year, we ended the year with an exceptionally strong fourth quarter, but
in the current year we expect to close on a more normal note," says
Sectra's growth strategy primarily involves expanding in the markets in
which the company already has an established position, such as northern
Europe and North America, and through business partners in specially
selected growth markets.
After the third quarter, Sectra signed a multi-year agreement with the
UK-based care consortium Salisbury, Wight and South Hampshire Domain NHS
Trust.. The order pertains to a region-wide IT solution for the
effective management and communication of medical images.
The information in this press release is such that Sectra AB (publ) is
obligated to disclose in compliance with the Swedish Securities and
Clearing Operations Act. The information was submitted for publication
on March 5, 2013, at 8:00 a.m. (CET).
About the Sectra Group
Sectra was founded in 1978 and has its roots in Linköping University in
Sweden. The company's business operation includes cutting-edge products
and services within the niche segments of medical IT and secure
communication. Sectra has offices in 12 countries and operates through
partners worldwide. Sales in the 2011/2012 fiscal year totaled SEK 823
million. The Sectra share is quoted on the NASDAQ OMX Stockholm
exchange. For more information, visit www.sectra.com.
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