Interim report for the nine months, May 2008 – January 2009: Sectra continues to grow, digital mammography doubled in one year
For the third quarter, the Swedish IT and medical-technology company Sectra’s net sales rose 20% to SEK 226.1 million compared with SEK 189.3 million the year-earlier period. Profit after financial net increased 10% to SEK 15.8 million (14.4), corresponding to a profit margin of 7% (8). Order bookings amounted to SEK 217.0 million (458.9).
The Group’s net sales for the nine-month period rose 16% to SEK 599.5 million (518.4). Profit after financial net increased 71% to SEK 64.0 million (37.4), corresponding to a profit margin of 11% (7). Order bookings rose 10% to SEK 942.0 million (858.3).
“Increased numbers of customers, employees and partners have contributed to the continued international growth of the company,” says Jan-Olof Brüer, President and CEO of Sectra AB. “However, the medical systems markets have not avoided being affected by the global economy and it is very difficult to assess how customer demand will be impacted in the short term. We are maintaining our long-term focus on building international distribution channels so that we can meet demand levels when they begin to rise again.”
In the Medical Systems business area, the Mammography product division reported high growth for the current fiscal year. Expansion of the production capacity and the distribution channels for the mammography system Sectra MicroDose Mammography are prioritized activities.
“Sales of the mammography system now comprise more than ten percent of Medical Systems’ net sales. Based on our activities in the mammography area, in the nine-month period we doubled the number of installations of Sectra MicroDose Mammography compared with the year-earlier period,” says Jan-Olof Brüer.
The Secure Communication Systems business area reported stable sales with an operating margin of 15% (13) for the nine-month period.
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 March 3, 2009 at 08:30 (CET).
For further information, please contact:
Jan-Olof Brüer, President and CEO, Sectra AB, ph: +46 (0)13-23 52 09
About the Sectra Group
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 twelve countries and operates through partners worldwide. Net sales in the 2007/2008 fiscal year totaled SEK 743 million. The Sectra share is listed on the NASDAQ OMX Stockholm AB exchange. For more information about Sectra visit www.sectra.com.
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