|[December 10, 2013]
Sectra's interim report May - October 2013: Sectra's profit grows
LINKÖPING, Sweden --(Business Wire)--
· The IT and medical technology company Sectra (http://www.sectra.com/)
(STO: SECT B) increased its operating profit 59.8% to SEK 43.3 million,
corresponding to an operating margin of 11.6%.
· The Sectra Group's order bookings amounted to SEK 404.6 million, up
21.4% compared with the year-earlier period.
· Sectra's net sales increased 2.8% to SEK 373.6 million.
· Cash flow after changes in working capital amounted to SEK 50.2
· Operating profit rose 27.8% to SEK 29.4 million, corresponding to an
operating margin of 14.8%.
· Order bookings amounted to SEK 156.9 million (217.0).
· Net sales rose increased 2.9% to SEK 198.3 million.
Following a strong start to the fiscal year, Sectra's operating profit
continued to grow during the second quarter. Sectra's target is an
operating margin of 15%. Dr. Torbjörn Kronander, President and CEO
Sectra AB, comments:
"We have made progress in reaching the target for our operating margin -
Sectra reported an operating margin of more than 12% on a rolling
12-month basis. Our largest business area, Imaging IT Solutions, showed
a positive earnings trend and, in Secure Communications, we are focusing
on activities that will help to restore the business area's profit
levels. The need for secure communication has become highly evident in
recent months due to disclosures of extensive eavesdropping in many
"After four consecutive quarters of strong order bookings, the lower
figures this quarter were due to several factors, including a less
positive market in the US. However, a continued increase in order
bookings from healthcare clients was noted in theUK and the
Netherlands. A growing proportion of sales is deriving from long-term
agreements with customers that purchase medical IT systems as a service.
Sectra's financial strength facilitates this type of business model,
which are increasingly significant as a competitive tool and provide
security for customers.
"We are working purposefully to increase customer satisfaction by
improving our customer service and broadening our product offering with
new innovations. It is therefore very satisfying when our efforts to
build success for customers are rewarded, such as when we recently
received the 'Best New Radiology Software' award for Sectra DoseTrack -
our new product for radiation dose monitoring - or when we are ranked so
highly in customer satisfaction surveys. This is confirmation of the
value we deliver and of our customer satisfaction and thus enables us to
view the future with confidence."
Read more in the full interim report enclosed.
Teleconference with President Torbjörn Kronander and CFO Simo Pykälistö
December 10, 2013 at 09:30 a.m (CET). To participate, call:
Sweden: +46 (0)8-505 564 77 UK: +44 203 194 0544 US: +1 855 269 2604
The presentation will be held in English and can also be followed online
A recorded version of the presentation will be available on Sectra's
website under the heading Investor/Financial presentations (http://www.sectra.com/corporate/investor/financial_information/financial_hearings.html).
The information in this report is such that Sectra AB (publ) is
obligated to disclose in compliance with the Securities and Clearing
Operations Act and/or the Financial Instruments Trading Act. This
information was released to the media for public disclosure on December
10, 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 2012/2013 fiscal year totaled SEK 817
million. The Sectra share is quoted on the NASDAQ OMX Stockholm
exchange. For more information, visit www.sectra.com.
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