Year-end report for Sectra AB 2006/2007 fiscal year: Reports increased sales for the quarter and full-year

In its 2006/2007 year-end report, IT and medical technology company Sectra reported its best sales and order bookings ever. The Group’s order bookings rose 11.6% to SEK 684.7 million (613.7), while its net sales rose 19.2% to SEK 672.5 million (564.4). Profit after net financial items amounted to SEK 70.2 million (80.7), corresponding to a profit margin of 10.4% (14.3).

Sectra’s net sales for the fourth quarter rose 18.5% to SEK 204.8 million (172.8). Profit after net financial items amounted to SEK 23.4 million (35.2), corresponding to a profit margin of 11.4% (20.4). Order bookings amounted to SEK 166.9 million (189.6).

“We have strengthened our position in key markets. Due to increased direct sales and a growing volume of support contracts in the medical systems business area, we report top levels for order bookings and net sales for the fiscal year,” says Jan-Olof Brüer, Group CEO and President of Sectra AB.

Sectra’s strongest expansion during the year took place in Scandinavia and in the US. Revenues from markets outside Sweden rose 17.6% to SEK 431.3 million (366.9), and net sales from international sales accounted for 64.1% of the Group’s net sales.

“We have grown in both expansive and mature markets. Despite major costs for the expansion of our international organization, we report a profit margin of 10 percent, implying that we have also met our profit target this year,” Jan-Olof Brüer adds.

In the secure communications business area, Sectra achieved an earnings turnaround during the year, ending with a profit. Sectra has invested in recent years in development of third-generation Tiger products, Tiger XS. During the quarter, the Council of the European Union approved Tiger XS, making Sectra the first to provide an EU-approved crypto product for mobile communications.

“After the development efforts and efficiency enhancements implemented in secure communications systems during the past year, we are now primed to increase our market shares in the European markets,” says Jan-Olof Brüer.