Interim report for the first quarter of fiscal year 2008/2009: Net sales continue to increase
For the first quarter, the Swedish IT and medical-technology company Sectra reported an increase in net sales of 16.1% to SEK 174.0 million (149.9). Profit after financial items increased 77.1% to SEK 6.2 million (3.5), corresponding to a profit margin of 3.6% (2.3). The Group’s order bookings amounted to SEK 175.2 million (206.4).
Net sales for both medical systems and the secure communications systems business areas increased compared with the year-earlier period.
“Our transition to mainly selling medical IT systems on our own has been successful and direct sales continue to increase,” says Jan-Olof Brüer, CEO and President of Sectra AB.
The expansion of the sales and support organizations for medical systems and increased production capacity for the mammography system Sectra MicroDose Mammography are the company’s two largest and most costly investments.
“We are currently in an expansion phase and increased our workforce substantially during the quarter. Costs for the expansion of our international organization and the investment in production capacity for mammography modalities will influence our profit margin until our distribution channels for mammography products are completely built out,” says Jan-Olof Brüer.
Growth in the markets for Sectra’s products is favorable and the Board’s assessment is that in the long-term, Sectra will continue to expand with favorable profitability.
The information in this press release is such that Sectra AB (publ) is obligated to disclose in compliance with the Swedish Securities and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was submitted for publication on September 9 at 08:30 (CET).
For further information, please contact:
Dr. Jan-Olof Brüer, CEO and President Sectra AB, tel +46 13 23 52 09
About Sectra
Sectra successfully develops and sells cutting-edge products in the expansive niche segments of medical systems and secure communication systems. The company was founded in 1978 and has its roots in the Linköping University in Sweden. Today, Sectra has offices in eleven countries and operates through partners worldwide. Sales in the 2007/2008 fiscal year totaled SEK 743 million. The Sectra share is quoted on the Nordic Exchange in Stockholm. For more information about Sectra visit http://www.sectra.com.
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