Year-end report, 2002/2003 fiscal year: Sectra growing with profitability

Year-end report, 2002/2003 fiscal year: Sectra growing with profitability Sectra's earnings for the 2002/2003 fiscal year were the best to date. Profit before taxes rose 28.8% to SEK 79.1 M (61.4), corresponding to a profit margin of 15.7%. Earnings per share amounted to SEK 1.77 (1.23). Sales were also the highest in the history of the company, increasing 19.5% to SEK 503.4 M (426.3), compared with the year-earlier period. Order bookings were up 6.5% to SEK 489.8 M (459.7). "Our operations in medical systems and secure communications systems have continued to expand and we have strengthened our leading position in Scandinavia," says Jan-Olof Brüer, CEO of Sectra AB. "Our international drive has resulted in increased sales in markets outside Sweden and the proportion of international sales has increased from 43% to 58%." Focusing on Western Europe and North America, Sectra entered into several new strategic cooperation agreements during the year. These cooperations complement existing partners for digital radiology systems and allow the company to reach a broader market. To support sales through partners, Sectra opened offices in the UK and Australia. The company now has offices in eight countries. "Our strategy is to expand our international operations gradually," continues Jan-Olof Brüer. "Through cooperation with global and local partners, Sectra has laid the foundation for continued international expansion." During the fourth quarter, Sectra signed a five-year agreement with the private healthcare provider Capio Diagnostik AB for the digitization of radiology operations at Sweden's largest private emergency hospital, St. Görans Hospital in Stockholm. Combined with the order from Medicinsk Röntgen AB earlier in the fiscal year, this represents a major breakthrough into the private radiology sector - a market of major international importance. Through its cooperation with Kongsberg Defence Communications of Norway, Sectra has delivered eavesdrop-secure telephones during the year to customers that included NATO's central organization and the Dutch and Czech Defenses. "Our operations in secure communications systems have expanded considerably," says Jan-Olof Brüer. "This is largely the result of the successful sales of Sectra's eavesdrop-secure telephones to the NATO market. "Sectra has a strong technological platform. Our solutions are targeted at growth markets and Sectra's strong position in our home market provides us with a solid foundation for continued international expansion. Accordingly, it is our assessment that Sectra will continue to expand with favorable profitability," concludes Jan-Olof Brüer. For further information, please contact: Sectra AB, Dr. Jan-Olof Brüer, President and CEO; Tel. +46-13-23 52 09; job@sectra.se Please visit the company website at www.sectra.se Sectra AB (publ) year-end report fiscal year 2002/2003 Year in brief (May 2001 - April 2002 in parentheses) · Order bookings increased 6,5% to SEK 489.8 M (459.7). · Sales rose 19.5% to SEK 503.4 M (426.3). · Profit before tax rose to SEK 79.1 M (61.4), corresponding to a profit margin of 15.7%. · Earnings per share amounted to SEK 1.77 (1.23). Fourth quarter in brief (February 2002- April 2002 in parentheses) · Order bookings increased 133,3% to SEK 113.4 M (48.6). · Sales amounted to SEK 133.8 M (139.8). · Profit before tax rose to SEK 28.1 M (22.2), corresponding to a profit margin of 21.0 %. · Earnings per share amounted to SEK 0.71 (0.38). Significant events during the fourth quarter · Private health-care provider Capio Diagnostik signed a five-year agreement with Sectra for digital radiology at Sweden's largest private emergency hospital, St. Görans Hospital in Stockholm. · Ribe County Council in Denmark ordered Sectra's radiology IT system for the four radiology departments in the county. · As part of Sectra's increased drive in the North American market, cooperation was initiated with Eclipsys Corporation and RIS Logic. · Sectra also entered into cooperation with InSight Oceania Pty Ltd, an Australian supplier of medical equipment, to meet the increasing demand for digital image management systems in the Australian and New Zealand markets. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/05/22/20030522BIT00060/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/05/22/20030522BIT00060/wkr0002.pdf The full report

About Us

Sectra assists hospitals throughout the world to enhance the efficiency of care, and authorities and defense forces in Europe to protect society’s most sensitive information. Thereby, Sectra contributes to a healthier and safer society. The company was founded in 1978, has its head office in Linköping, Sweden, with direct sales in 19 countries, and operates through partners worldwide. Sales in the 2018/2019 fiscal year totaled SEK 1,413 million. The Sectra share (STO: SECT B) is quoted on the Nasdaq Stockholm exchange. For more information, visit https://sectra.com/.

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