Sectra’s interim report for the first half of fiscal year 2008/2009: Larger order bookings and higher profit
For the second quarter, the Swedish IT and medical-technology company Sectra’s order bookings amounted to a record-high of SEK 548.3 million, an increase of 184% compared with the year-earlier period. Net sales rose 11% to SEK 199.4 million (179.2). Profit after financial items was up 114% to SEK 42.0 million (19.6), corresponding to a profit margin of 21% (11).
For the first half-year, the Sectra Group’s net sales rose by 13% to SEK 373.4 million (329.1). Profit after financial items increased 110% to SEK 48.2 million (23.0), corresponding to a profit margin of 13% (7). Order bookings were up 81% to SEK 723.5 million (399.4).
“Due to strengthening of the US dollar and euro during the quarter, we reported a significant rise in profit after financial net,” says Jan-Olof Brüer, President and CEO of Sectra AB.
Successful direct sales of medical systems led to Sectra’s order bookings during the second quarter being the highest ever. Among other orders, Sectra secured the largest single order to date when the Northern Ireland Department of Health signed an agreement valued at about SEK 360 million over ten years.
During the second quarter, Tiger XS, Sectra’s product for encrypted voice communications was certified for communication on security level NATO SECRET. The product is already approved by the EU for security level EU SECRET.
”We are the first European company to receive such dual approval for a voice communications product. This simplifies daily life for our customers in countries with both EU and NATO membership,” says Jan-Olof Brüer.
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 December 10 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 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 eleven 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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