Press release - Linköping,
First quarter in figures, May-
- Order bookings amounted to
SEK 393.2 million (612.3), down 35.8% from the comparative quarter. Of the order bookings during the quarter, 15.1% were recognized during the quarter and a further estimated 24% to 34% pertains to revenue within 12 months after the end of the quarter. -
Net sales increased 35.7% to
SEK 405.7 million (298.9) compared with the unusually weak outcome for the corresponding quarter in the previous year. Based on unadjusted exchange rates, the increase was 38.8%. Recurring revenue accounted forSEK 253.0 million (220.7) of sales for the quarter, up 14.8%. Based on unadjusted exchange rates, the increase was 16.3%. -
Operating profit rose 228.8% to
SEK 90.1 million (27.4), corresponding to an operating margin of 22.2% (9.2). Based on unadjusted exchange rates, operating profit increased 243.0%. -
Profit before tax amounted to
SEK 92.1 million (21.4). -
Cash flow after changes in working capital amounted to
SEK 9.8 million (85.5).
Comments from Torbjörn Kronander, President and CEO of
"We reported an unusually strong first quarter. This outcome was primarily due to two customer projects in the US being delivered ahead of schedule. We do not expect this to have a significant effect on the outcome for the fiscal year.
"Operations in Imaging IT Solutions have grown quickly in the North American market in recent years, and for the first time, sales in the US exceeded half a billion Swedish kronor for the rolling 12-month period. Our market share in the US is still relatively small, but our reference customers include some of the country's most prominent and innovative healthcare providers.
"We believe that our possibilities for growth are favorable in all operating areas. However, the pandemic has resulted in increased variation and temporary shifts in markets and product areas. In healthcare, elective (planned) healthcare procedures are starting to be carried out again, and the care debt left by procedures not performed during the pandemic must be addressed. This means that greater productivity, access to new technology and scalability are more important than ever. When it comes to data security, altered ways of working during the pandemic accelerated the rate of digitization throughout society, and it is becoming increasingly clear that society's infrastructure, authorities, defense departments and healthcare need to be protected from cybercrime--a need that has only grown stronger given recent serious incidents. As a result, we are experiencing increased interest in cybersecurity, both in
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: investor.sectra.com/Q1report2122
This information constitutes information that
About
For further information, please contact:
Dr. Torbjörn Kronander, President and CEO,
https://news.cision.com/sectra/r/sectra-s-three-month-interim-report-2021-2022--early-deliveries-have-a-positive-effect-on-the-period,c3409073
https://mb.cision.com/Main/1263/3409073/1463734.pdf
https://news.cision.com/sectra/i/torbjorn-kronander,c2950317
https://news.cision.com/sectra/i/sectra-s-solution-for-radiology-imaging,c2950318
https://news.cision.com/sectra/i/sectra-communications,c2950335
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