Sectra's business operations include cutting-edge products and services within the niche segments of medical IT systems and secure communication. Sectra has offices in 12 countries and operates through partners worldwide...
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“We have captured more strategic and long-term customer contracts in the UK and Sweden, which contributed to extremely healthy order bookings in the quarter, and also noted a degree of improvement in the US. Sectra posted a strong close to the 2012/2013 fiscal year but we did not match the outstanding earnings posted for the corresponding year-earlier period.
Sectra’s annual growth in EBIT per share in the past two years has been more than 8%, which is a result of our long-term effort to increase cost-efficiency and at the same time increase the number of products with a higher margin, such as software licenses.
We will achieve our financial goals through streamlined sales of products and services by which we provide unique values to our customers. We will also develop our offering to Sectra’s large customer base and continue our efforts, with retained or further enhanced quality, to optimize the resources used to deliver and support our systems.
“Increasing the Group’s operating profit is our highest priority; our long-term profitability target is 15%. Through structural changes, focused expansion and internal streamlining, we have increased operating profit from SEK 22 million to SEK 95 million in two years, corresponding to an operating margin of 11%.
“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%.”
“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.”
“We have decided not to use bodies for dissection in our anatomy classes,” says Professor Torbjörn Anderson, Deputy Program Director, School of Medicine, Örebro University. “We can improve our anatomical teaching with the Sectra Visualization Table. One of the major advantages of Sectra’s technology, in addition to having a better overview of the anatomy, is that we can use our own medical images, which means that students can much more easily see the different variations of the human anatomy. Humans are as different on the inside as on the outside.”
“It is very encouraging to see that our efforts in the UK market have lead to this order. The UK is a highly advanced medical market with strict requirements regarding quality and service, and this order confirms that we are a very good choice for customers with high demands.”
“We noted an increase in order bookings and improved earnings,” says Torbjörn Kronander, CEO and President of Sectra AB. “The results of our initiatives include higher order bookings in the US as well as in the Middle East and Russia, which are new markets for us.”
“Despite the challenging economic climate, our Medical Systems business area reported increased order bookings in the US and Northern Europe during the fourth quarter,”