Sectra’s interim report for the first six months 2010/2011: Sectra continues to double sales of mammography systems
For the first six months, IT and medical technology company Sectra reported a 15.8% increase in net sales to SEK 453.6 million (391.7). Operating profit totaled SEK 7.6 million (16.5), corresponding to an operating margin of 1.7% (4.2). Profit after net financial items was SEK 2.4 million (4.4).
In the second quarter, the Sectra Group’s net sales rose 27.3% to SEK 246.9 million (193.9), which was primarily related to Sectra’s largest markets, North America and Scandinavia. Operating profit increased 15.6% to SEK 7.4 million (6.4), corresponding to an operating margin of 3.0% (3.3). Profit after net financial items was SEK 0.5 million (0.9), which corresponds to a profit margin of 0.2% (0.5).
“Our focus on increasing sales volumes in markets in which we already hold a strong position has begun to generate results. We improved sales and operating profit in the second quarter compared with the year-earlier period,” says Jan-Olof Brüer, President and CEO of Sectra AB.
One of Sectra’s prioritized activities is to increase volumes in the mammography product division. Deliveries of the Sectra MicroDose Mammography system continued to rise, and the number of systems sold doubled for the second consecutive quarter compared with the year-earlier period.
After the close of the quarter, Sectra launched several new products, including a globally unique visualization table at the world’s largest radiology trade fair, RSNA, in Chicago, Illinois. The visualization table has multiple scope of use; emergency care of multi-trauma patients, medical training, clinical conferences and virtual autopsies. The product was developed from concept to finished product in less than two years in close cooperation with researchers in Sweden at the University of Linköping, the Center for Medical Image Science and Visualization (CMIV), Norrköping Visualization Center C, and The Interactive Institute.
“We have always worked closely with researchers and customers, which has provided us with extensive experience in the commercial development of new, innovative technology that makes healthcare more efficient and improves the quality of care. The new visualization table is an example of how we provide new technology to customers in an international market in record time,” 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 7, 2010, at 8:30 am (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 was founded in 1978 and conducts successful development and sales of high-technology products in the expansive niche segments of medical systems and secure communication systems. Sectra has offices in 12 countries and sells its products through partners worldwide. The head office is in Linköping, Sweden, and the company developed from research at Linköping University. Sales for the 2009/2010 full year amounted to SEK 848 million. Sectra is listed on the NASDAQ OMX Stockholm AB exchange. For more information about Sectra, visit our website at www.sectra.se.
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