• Emma Järnkrok

    Press Relations and Market Communicator

    +46 (0)13 23 53 18
    +46 (0)70 483 97 40
  • Helena Petterson

    Chief Investor and Press Relations Officer

    +46 (0) 13 23 52 04
    +46 (0)706 27 52 04
  • Sectra AB

    Press Relations

    Teknikringen 20 SE-583 30 Linköping Sweden
    +46 (0)13 23 52 00
  • Quotes

    Nearly one year ago, Regional Health launched Epic, an electronic medical record system, but soon realized we needed to replace our outdated PACS with similarly matched, state of the art technology that could carry us into the future. Sectra was the vendor we determined would be our best partner. We are committed to making a difference every day, and advanced technologies in the hands of our skilled providers is one way we will do that.
    Stephanie Lahr, M.D., Chief Information Officer
    We have a long and fruitful cooperation with the NL-NCSA. This order from NATO confirms that the result of our cooperation meets the highest requirements for communication security and solves communication challenges related to confidentiality and availability at the highest political level.
    Simo Pykälistö, President of Sectra Communications
    The trend with respect to order bookings and sales remained positive. The order book is healthy, and all operating areas reported an increase in sales. We are also benefiting from exchange-rate movements compared with the corresponding quarter in the preceding year, which has impacted our financial items. We intensified our focus on North America and on new product areas and geographic markets. The cost for this work was charged to earnings but is ultimately expected to generate a positive return. Cash flow was burdened by the signing of several major agreements with customers in Imaging IT Solutions and Secure Communications over the past year, which are initially generating more expenditures than income.
    Torbjörn Kronander, President and CEO of Sectra AB
    Within Imaging IT Solutions, the US is currently our most exciting growth market and we kicked off the fiscal year with orders from new, reputable customers in the country, including Stanford University Hospital in California and Sanford Health, a hospital chain primarily operating in North and South Dakota. Agreements with such large, respected customers strengthen Sectra’s market position and will provide the company with solid future references.
    Torbjörn Kronander, President and CEO of Sectra AB
    Our high customer satisfaction, benefits for society and future initiatives will serve as the basis for our long-term success. I am therefore optimistic when it comes to our ability to continue this positive trend going forward.
    Torbjörn Kronander, President and CEO of Sectra AB
    Our combination of business operations within medical IT and information security is unique. Cybersecurity is where our roots are, as Sectra once started as a secure communications company. The “Cyber Essentials” certification, in combination with our ISO certificate for information security management systems, demonstrates that we have robust information security and cybersecurity policies and processes in place across the business.
    Jane Rendall, Managing Director of Sectra Ltd
    On behalf of the 700 employees at Sectra, we are delighted to work with a prestigious institution such as Stanford Health Care. We look forward to exceeding their expectations and collaborating on future research endeavors.
    Mikael Anden, President of Sectra, Inc
    Sectra’s success is attributable to the fact that we always put the customer first. We are well positioned to continue delivering a strong performance and our goal for the future is clear.
    Torbjörn Kronander, CEO and President Sectra AB
    The overall aim of Sectra’s business operations is to solve major social problems that must be addressed in the foreseeable future. Helping customers to improve the efficiency and quality of patient care and increase cybersecurity in critical social functions is Sectra’s most significant contribution to a more sustainable society.
    Torbjörn Kronander, CEO and President Sectra AB
    The use of a single system for the entire hospital guarantees a universal availability of resources and the possibility to work remotely. An immediate additional benefit is that the solution will provide increased efficiency in the preparations for multidisciplinary meetings.
    Dr. José Cabeçadas, Pathology Manager, Instituto Português de Oncologia de Lisboa
    Together with UMC Utrecht, we have been testing the functionality of automatic upload of all images connected to a case. What impresses me the most is the ease of use and few clicks required.
    Konnie Hebeda, Pathologist at Radboud University Medical Center
    It is important for us to unify our imaging IT solutions across our broad footprint of patient care. Sectra’s solution will allow us to integrate all images and information throughout our healthcare system to continue our focus of providing excellent patient care.
    Allison Suttle, Chief Medical Officer at Sanford Health
    The 2017/2018 fiscal year was characterized by successes that strengthened Sectra’s position in our niche markets. We have achieved all of our financial goals and are growing through collaboration with new and existing customers and partners. Our customers have entrusted us to execute projects with innovative solutions that could ultimately lead to new advances in critical social functions. The overall aim of all our projects and business ventures is to solve major social problems that must be addressed in the foreseeable future. Helping customers to improve the efficiency and quality of patient care and increase cybersecurity in critical social functions is Sectra’s most significant contribution to a more sustainable society.
    Torbjörn Kronander, President and CEO of Sectra AB
    A year ago, our order bookings looked somewhat worrying, but after the most recent quarter we are ending the fiscal year with a healthy order book. This will provide a solid foundation for continued growth. Sectra has stable underlying operations, with favorable profitability and cash flow. We also have a number of highly exciting projects in the pipeline that could eventually become major endeavors, although, as always, there are no guarantees with such projects.
    Torbjörn Kronander, President and CEO of Sectra AB
    It is rewarding to lead and work for a company with satisfied customers and employees who do an outstanding job every day. The Group’s performance is a result of our targeted efforts to understand our customers’ environments and of our culture, with employees who truly care about and assume responsibility for our customers. I am incredibly proud of the Sectra culture and the way it is ingrained in every operating area in the company. This further strengthens our reputation and helps to boost our profitability. This ultimately benefits our customers, employees and shareholders—and, above all, the patients who benefit from our medical IT systems and the citizens of the democratic, open societies protected by our security solutions.
    Torbjörn Kronander, President and CEO of Sectra AB
    Both Sectra and Texas Scottish Rite Hospital for Children share a focus on improving orthopedic patient outcomes. We look forward to playing a part in the healthcare delivery for children in the greater Dallas area
    Mikael Anden, President of Sectra, Inc
    “We are happy to confirm that Sectra has been selected as the preferred vendor for the PACS/RIS solution for 10 Local Health Districts and NSW Pathology. The solution was selected by clinicians, radiology subject matter experts and ICT professionals which ensures that the best available solution will be delivered to support our highly skilled clinical staff in providing excellent patient care. We expect that the solution will also provide significantly improved capability for result notification, scheduling, and secure sharing of images across the health system.
    Dr Zoran Bolevich, Chief Executive of eHealth NSW and Chief Information Officer for NSW Health
    Security is a top priority for government organizations when choosing mobile technology. Leveraging our enterprise grade security, we’ve collaborated with Sectra to create a unique and highly customized platform that manages and protects the most sensitive and confidential information.
    Neil Barclay, Senior Manager, Samsung Europe
    The nationwide telepathology solution makes it easy to consult with other pathologists around the country and facilitates digital and remote panel meetings.
    Dr. S.L. Meijer, Pathologist at the Academic Medical Center and Chairman of the LANS-panel
    The scalability and enterprise management that the Sectra solution offers is of great importance to us and the future of our practice. It was also important to choose a future-proof vendor. Sectra’s VNA design and record of demonstrated excellent customer support, high system uptimes and continuous improvements of clinical imaging workflows are good examples of that.
    Edwin W. Swager, Chief Executive Officer at Radiologic Associates of Fredericksburg
    For a company such as Sectra, which competes with some of the largest companies in the world, it is extremely important to have satisfied, long-standing customers. Our success in this area is confirmed by the recognition of Sectra’s medical IT system (PACS) for having the highest customer satisfaction in the US for the fifth consecutive year, and globally for the fourth year straight. This is mainly the result of our corporate culture, where the needs and problems of our customers always come first. I am proud of the positive feedback we continue to receive from users across the globe and of our employees, who truly care about and assume responsibility for our customers.
    Torbjörn Kronander, President and CEO of Sectra AB
    The increase in order bookings is attributable to several comprehensive, long-term customer contracts in both Secure Communications and Imaging IT Solutions. A significant portion of our expenditures arise in the early stages of the multiyear projects, while revenue and profit recognition are distributed over the entire duration of the customer contract. Accordingly, several of the new orders will tie up considerable capital during the installation phase, which will place a greater burden on cash flow.
    Torbjörn Kronander, President and CEO of Sectra AB
    With all of our financial goals achieved, we aim to continue growing in the long term. Our focus will be on growth initiatives that can contribute to a long-term and stable earnings trend, including cybersecurity for critical infrastructure and solutions for integrated cancer diagnostics. We are also investing in new geographic markets—including Canada and France, where we opened offices over the past year—and in increasing our market shares in countries where we are already established but are not yet the market leader.
    Torbjörn Kronander, President and CEO of Sectra AB
    By digitizing pathology, we will enable a closer collaboration between pathologists as well as with other departments, thereby increasing efficiency in cancer care. For example, it will make the preparation of multidisciplinary team meetings easier as well as the actual meetings. In addition, Sectra’s vendor-neutral solution lets us use different scanners from various vendors depending on which is most suitable for a certain type of pathology image. This will be very important for us moving forward.
    Tibor Tot, operation manager for laboratory medicine at Dalarna County Council
    More and more providers have shown interest in placing their PACS and VNA in the cloud. We have forged this relationship to offer our US customers, who choose this option, a reliable and trusted solution. Microsoft Azure gives us that flexibility and rapid delivery that progressive providers are looking for in their new ventures and partnerships.
    Mikael Anden, President of Sectra, Inc
    Awareness of cyber-related threats is increasing, and Sectra is helping to prevent the consequences that a disruption to service in critical infrastructure can entail.
    Simo Pykälistö, President of Sectra Communications
    To be acknowledged for our top ratings in customer satisfaction, five years in a row, is to me the ultimate proof that Sectra’s staff—around the globe—creates customer success within radiology and beyond.
    Dr. Torbjörn Kronander, President and CEO of Sectra
    Sectra’s innovative 3D solutions will enable us to make full use of the acquired images, resulting in cutting edge delivery of care to our orthopaedic patients.
    William M. Ricci, MD, Chief of Orthopaedic Trauma Service at HSS
    We have seen an increased need for more diagnostic tools and smoother access to medical images across our facilities. To meet those needs, we have to have a unified and scalable solution from a vendor with whom we can grow and develop in the long term.
    Johan Wiklund, Country Manager at Evidensia Sweden
    With Sectra’s solution we are able to read all types of radiology images, such as mammograms, MRI, and tomosynthesis, all from a single workstation
    Debbie Van Ryswyk, General Manager at St Marks Breast Centre
    Sectra continues to experience major variations between quarters, particularly in terms of order bookings. During the second quarter, we reported increased order bookings in both Imaging IT Solutions and Secure Communications. We signed agreements with several new US customers, and won a prestigious order in the Netherlands for a nationwide breast screening solution. Our greatest growth opportunities currently lie in the US market, where we have a high level of customer satisfaction but a relatively small market share to date.
    Torbjörn Kronander, President and CEO of Sectra AB
    Several of our new orders will initially be charged to earnings. A significant portion of our costs arise in the early stages of the multiyear projects, while revenue and profit recognition are distributed over the entire duration of the customer contract. We are also investing in the countries where we have established new offices, Canada and France, which entails higher initial costs but ultimately will contribute to our continued growth and earnings.
    Torbjörn Kronander, President and CEO of Sectra AB
    Healthcare and cybersecurity are growing and rapidly changing markets, where numerous opportunities are being created for companies such as Sectra. We are well positioned in these areas, with stable solutions, a long-term future focus and high customer satisfaction. I am therefore optimistic when it comes to our ability to continue this positive trend going forward. Our financial goals remain firm: an equity/assets ratio of 30%, an operating margin of 15%, and 50% growth in operating earnings per share over a five-year period. However, I would like to point out that growth comes at a price. Our aim is to continue growing in the long term, but we will not be able to simultaneously increase our margins beyond our goal.
    Torbjörn Kronander, President and CEO of Sectra AB
    Having a single system for all medical images improves efficiency in multiple ways. Physicians can more easily access images and are able to smoothly share information across departments. As a result, we see increased efficiency, which of course ultimately benefits our patients.
    Eric Vlasman, Information Manager at St. Antonius Hospital
    The use of contrast agents such as gadolinium is a very common way to enhance details of different organs during an MRI exam. However, for the sake of patient safety, it is crucial that radiology can easily track each gadolinium injection. By entering this information in Sectra DoseTrack, healthcare providers can ensure relevant information is available throughout the organization either from the EMR, from the dose monitoring solution or in Sectra PACS
    Ian Judd, Product Manager for Sectra DoseTrack
    To us, it was important to find a future-proof vendor recognized for efficient solutions. Sectra’s solution has a proven track record of high system availability and support for efficient radiology workflows, which aligns well with our strategy. Its future-proof technology and the possibility to smoothly extend the solution to other departments are important aspects of meeting the future needs of Médipôle Lyon-Villeurbanne.
    Mr. Lounis, Radiology Department Manager at Imapôle Lyon-Villeurbanne
    Sectra is distinguished by being highly innovative as a company. Also, it’s beneficial to be able to secure a consolidated patient pathway at Médipôle Lyon-Villeurbanne. In addition, the imaging element of the solution will enable us to provide greater value to our patients on a daily basis.
    Dr. Emonet, Co-Manager of Imapôle Lyon-Villeurbanne
    Sectra’s experience of large-scale projects impressed us and will be valuable given the future size of Imapôle Lyon-Villeurbanne. The flexibility of Sectra PACS is unique and enables each radiologist to work efficiently according to their own preferences. The tools offered in oncology will also add value.
    Dr. Lebas, Co-Manager of Imapôle Lyon-Villeurbanne
    When merging, we of course wanted to consolidate our different IT environments. For us, it was important to partner with a vendor with proven high system availability and whose solution would also allow us to increase reading efficiency—in this case, for example, through integrated speech.
    Dirk Jan van Berckel, Department Manager Screening & Diagnostics at Zuyderland
    Sectra is known for delivering high-quality solutions with excellent customer support. The combination of establishing a regional Sectra support organization and utilizing the strong market knowledge and network of El Seif gives us the right conditions to support healthcare providers in Saudi Arabia in their efforts to improve the quality of care.
    Dr. Torbjörn Kronander, President and CEO of Sectra
    I am very excited to be able to offer our customers the ability to improve the efficiency and quality of post-operative follow-up. TMC’s global reach enables us to provide excellent service to our customers today and to expand the service outside Sweden when the time is right.
    Gustaf Schwang, General Manager Business Unit Orthopeadics, Sectra
    There are many modern machine learning algorithms that could bring great benefits to diagnostic work, but very few solutions have yet reached clinical routine. A main limitation has been the lack of an effective multi-vendor ecosystem for radiologists to use through a single, unified workplace. The Sectra platform is the missing piece, a solid vendor-neutral foundation.
    Fredrik Häll, Vice President Product Management at Sectra Imaging IT Solutions
    Healthcare in the Philippines is expanding its ability to share and collaborate around medical images and patient information through consolidation and telemedicine initiatives. This distribution agreement with Medical One will enable us to address these demands by combining their market-specific expertise with our extensive experience in delivering scalable solutions that cover multiple enterprises in large geographic areas—within teleradiology and telepathology specifically.
    Marie Ekström Trägårdh, Executive Vice President of Sectra AB and President of Sectra Imaging IT Solutions
    The Sectra solution will enable us to deliver digital slides and a consistent user experience in difficult image programs, such as cytopathology. This due to its ability to provide a seamless microscope-like experience even on heavily z-stacked virtual slides, mobile devices and lower bandwidth connections.
    Derek Holzhauser, Chief Information Officer at RCPAQAP
    Implementing a breast screening solution on a national scale is an exceptional IT project. The Dutch breast screening program is among the most effective in the world and the fact that Sectra has been selected to be part of this makes me very proud.
    Marie Ekström Trägårdh, Executive Vice President Sectra AB and President Sectra Imaging IT Solutions
    Sectra’s operating areas continued to develop and the trend for the Group’s financial results was positive. Our Imaging IT Solutions business area got off to a much better start than in the comparative quarter, but we cannot draw any definitive conclusions based on the outcome for a single quarter. Sales in Secure Communications also improved, mainly as a result of development assignments and products for secure communications. Although the business area’s new venture in the area of cybersecurity for critical infrastructure has not yet generated any substantial sales, we have signed a number of strategic orders and are growing in the Nordic energy sector.
    Torbjörn Kronander, President and CEO of Sectra
    Order bookings did not quite reach the desired level and we are continuing to focus on growth. In many of the markets where Sectra operates, we command such a large market share that our growth opportunities are limited. However, this is not the case in the US, where, in addition to a high level of customer loyalty, we also have a relatively small market share. We have been commissioned by several prominent healthcare providers in the US over the past year, and I expect that we will continue to benefit from favorable business opportunities in the US market going forward. To achieve long-term growth, we must also enter new markets and channels. Over the past year, we have established ourselves in two new countries, namely France and Canada.
    Torbjörn Kronander, President and CEO of Sectra
    Customer demand for the solutions we provide remains favorable, and we witnessed no changes to the underlying trends in our markets. We have a stable foundation, with a substantial share of long-term customer contracts, and more than half our sales comprise recurring revenue.
    Torbjörn Kronander, President and CEO of Sectra
    TUHS’s focus on advanced medical treatments, cancer care and medical education align very closely with our core values at Sectra. We are looking forward to implementing our enterprise-wide imaging solution at this prestigious healthcare system.
    Mikael Anden, President of Sectra North America
    Sectra’s focus on cancer care, including our cutting-edge software for teaching files and multidisciplinary team meetings, aligns closely with UC San Diego Health’s treatment philosophy and academic needs.
    Mikael Anden, President of Sectra North America
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