Sectra's preliminary earnings for the fiscal year May 2000 - April 2001
Sectra's preliminary earnings for the fiscal year May 2000 - April 2001: The best results in Sectra's history Sectra reports record earnings for fiscal year 2000/2001. Earnings before tax rose 63% to SEK 39.3 million (24.1). Sales are also the highest in the company's history, and increased by 52% to SEK 291.6 million (191.6). Order bookings amounted to SEK 310.5 million (433.5). "We have had our best year of operations in Sectra's 22-year history," says Jan-Olof Brüer, Sectra AB's CEO and President. "Our three business areas have developed satisfactorily, especially our medical system operations that expanded substantially both in Sweden and internationally. We have established new offices in Europe and the products we launched during the year meet favorable market acceptance. Futhermore, our digital radiology workstation (PACS) was ranked number one in an international scientific survey in which all major PACS suppliers were evaluated." During the fourth quarter, Sectra signed an agreement with the Norwegian Armed Forces for development of a NATO version of the Tigertm eavesdrop- secure GSM telephone. The agreement involves further development of the national Norwegian version of the Tiger mobile telephone. "The new agreement with the Norwegian Armed Forces has considerable strategic significance, since it means that the NATO Tiger can be sold to defense authorities and other public sector organizations in all NATO countries," Jan-Olof Brüer continues. During the past year, Sectra noted growing interest from potential customers, the media and analysts, and the company experienced increased institutional ownership. The increased attention has strengthened Sectra's brand and improved the company´s opportunities to gain the confidence of new customers in the international market. "Sectra's strong position in the home market provides a good platform for continued international expansion. Our technically advanced products, skilled employees and solid financial position mean that we are well prepared to meet the growing demand," Jan-Olof Brüer concluds. For further information, please contact: Dr. Jan-Olof Brüer, President and CEO Sectra AB, + 46 13 23 52 09, job@sectra.se Visit our website http://www.sectra.com Sectra's operations Sectra has its roots in Linköping Technical University and is one of Sweden's fastest growing high-tech companies in the IT area. Since the mid-1980s, Sectra has successfully conducted development and sales of high-technology medical IT and telecommunications products. Today, the business includes products in medical systems, secure communication systems and wireless information systems. Business is conducted in six countries with a total of 185 employees. Sales for the fiscal year May 2000-April 2001 reached SEK 292 million. Since March 1999, Sectra's shares have been quoted on the O list of the OM Stockholm Exchange. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.bit.se/bitonline/2001/05/29/20010529BIT00110/bit0001.pdf The full report