Press release - Linköping,
Quarter (November 2023-January 2024) in figures
- Contracted order bookings rose 237.5% to
SEK 1,853.6 million (549.2), of whichSEK 1,652.5 million (484.0) pertained to guaranteed order bookings. Of the guaranteed order bookings, 5% were recognized during the quarter and a further 14-24% are deemed to pertain to revenue within 12 months after the end of the quarter. -
Net sales increased 19.6% to
SEK 694.0 million (580.3). Based on unadjusted exchange rates, the increase was 19.9%. Recurring revenue accounted forSEK 434.7 million (356.4) of net sales, up 22.0%. Based on unadjusted exchange rates, the increase was 22.0%. Cloud recurring revenue (CRR) increased 43.1% toSEK 103.2 million (72.1). -
Operating profit declined 14.5% to
SEK 74.4 million (87.0), corresponding to an operating margin of 10.7% (15.0). Based on unadjusted exchange rates, operating profit decreased 13.7%. -
Profit for the period amounted to
SEK 57.8 million (72.3). -
Cash flow from operations amounted to
SEK 233.2 million (83.6).
Nine-month period (May 2023-January 2024) in figures
- Contracted order bookings rose 54.4% to
SEK 5,326.5 million (3,448.8), of whichSEK 2,457.0 million (1,795.0) pertained to guaranteed order bookings. -
Net sales increased 27.0% to
SEK 2,065.5 million (1,626.0). Based on unadjusted exchange rates, the increase was 23.9%. Recurring revenue accounted forSEK 1,261.5 million (983.3) of net sales, up 28.3%. Based on unadjusted exchange rates, the increase was 25.1%. Cloud recurring revenue (CRR) increased 55.8% toSEK 283.1 million (181.7). -
Operating profit rose 23.8% to
SEK 320.4 million (258.9), corresponding to an operating margin of 15.5% (15.9). Based on unadjusted exchange rates, operating profit increased 17.8%. -
Profit for the period amounted to
SEK 269.9 million (220.3). -
Cash flow from operations amounted to
SEK 192.6 million (58.3).
Comments from Torbjörn Kronander, President and CEO of
"A sustainable future is about making our customers successful. I can't repeat this enough. To succeed we must have satisfied customers, which in turn requires that we have satisfied employees and a corporate culture that encourages engagement and motivation. At
"All of our operating areas are growing.
"The Group's profitability for the nine-month period exceeded our target operating margin, even if variations between individual quarters still are significant. We will have to live with this for a while yet. The important things in the long term are that we continue to have satisfied customers and that we are continuing to grow.
"Healthcare and data security are both areas that are expected to grow for a long time to come, and that are relatively unaffected by the economic climate. While our strategic investment in service sales is having a short-term negative impact on our financial outcome and growth, it will be beneficial in the long term. Not least because
Read the attached interim report for further CEO comments and information.
Presentation of the interim report
Torbjörn Kronander, President and CEO of
Time:
Follow live or listen to the recording afterward: https://investor.sectra.com/Q3report2324
This information constitutes information that
For further information, please contact:
Dr. Torbjörn Kronander, President and CEO,
About
https://news.cision.com/sectra/r/sectra-s-nine-month-interim-report-2023-2024--the-industry-s-most-satisfied-customers-for-the-eleven,c3942179
https://mb.cision.com/Main/1263/3942179/2655390.pdf
https://news.cision.com/sectra/i/sectra-tiger-s-stationary,c3275902
https://news.cision.com/sectra/i/torbjorn-kronander--ceo-and-president-sectra-ab,c3275904
https://news.cision.com/sectra/i/sectra-s-radiology-solution,c3275903
(c) 2024 Cision. All rights reserved., source