We are thrilled to collaborate with Sectra in utilizing their education portal in our medical simulation training across our campuses. Our mission is to improve patient care and reduce clinical risks through the use of simulation in the training, and Sectra's technology will allow us to study real-life clinical images. This greatly compliments the simulation experience making our students even more prepared for the professional environments to come. Moreover, the possibility to log in from multiple devices gives us the opportunity to use the solution at different campuses simultaneously.

Simulation training is an excellent tool in preparing the students for real-life situations. With the portal’s visualization tools and library of real clinical cases, combined with SIMNOVA’s simulation environments, the students will be able to educate themselves and safely practice through real-life scenarios. We look forward to contributing to these students’ education by offering solutions that facilitate advanced learning, in turn paving the way for improved patient care in the future.

We are looking forward to implement Sectra’s digital pathology solution. It will definitely enhance diagnostic capabilities, efficiency, collaboration and research potential. Digitizing pathology will allow us to take advantage of our network’s capacities, as well as improve our reporting time and by doing so we will provide diagnosis faster and in a more efficient way.

The first quarter was characterized by significant trust shown by customers in both secure communication and medical imaging IT. We are experiencing a turnaround in secure communication, with high demand and deliveries. We also passed important milestones in the transition to cloud-based solutions for medical diagnostic imaging. These successes demonstrate the value we provide for our customers and that our long-term initiatives in research and development are paying off.

All operating areas are showing strong sales growth, which is a result of our desire to have satisfied customers and to offer the latest technology in our areas. I am pleased to report that in the most recent quarter, it was Secure Communications that displayed the strongest improvement. The operating area has achieved a turnaround after a few tough years and the future now looks bright. 

Sectra’s success is the result of a long-term approach—both to research and development and when it comes to establishing good relationships with satisfied customers who then expand their use of Sectra’s solutions and recommend us to others. The major procurement we secured in the US during the quarter is an excellent example of this. Our relationship began when we developed a solution for ophthalmology imaging that the customer has been using for the past few years. Now that they plan to replace their old system for radiology, they have decided to continue building on a solution and supplier with whom they are satisfied and expand their system to include our services for medical diagnostic imaging, Sectra One Cloud.

Health systems are under tremendous pressure to maintain patient excellence while balancing growing financial and staffing concerns. Regardless of size or infrastructure challenges, Sectra is focused on driving down the costs and complexity of traditional on-premise solutions with highly scalable, high-performance enterprise imaging solutions as a service. We are thrilled for the opportunity to help this health leader execute a long-term multi-departmental imaging strategy as they focus on growing quality and sustainability in their health system.

It will support us in shaping the digital future of our hospital as it allows us to easily expand to other medical specialties and departments. The solution will also streamline our radiologists’ workflow, provide them with user-friendly tools and enable them to collaborate more effectively to ultimately deliver better patient care. The proven high quality and good service were other important aspects when we chose Sectra. Our mission is to provide high-quality medical treatments and customer care, provided by motivated staff. The digitalization of healthcare is important for the future; therefore, we are excited about partnering with Sectra and the implementation of their enterprise imaging solution at our hospital.

Partnering with Amstelland and providing them with Sectra One makes me proud. Our subscription model offers them the flexibility to scale their imaging solution, ensuring that they can continue to provide high-quality care to their patients while adapting to the changing healthcare landscape.

We won larger orders than ever before, received distinctions for high levels of customer satisfaction and cybersecurity, and were even ranked as one of the best employers in Sweden. These are just some examples of why 2022/2023 was yet another successful year. These positive results are proof of our ability to deliver value and build a long-term sustainable business.

Sectra’s growth strategy is built on taking good care of our customers. In turn, they expand their use of our solutions and recommend us to others. The inherent growth in our business models has offset the effects of the ongoing shift to services and cloud deliveries, which means that certain sales and earnings will be reported later in time. At the same time, currency movements were incredibly advantageous for us and compensated somewhat for this transition.

The need for increased productivity in healthcare and increased cybersecurity is greater than ever, and Sectra is well positioned to meet these challenges. Our plan for the future is to continue doing what we do well: customer satisfaction, innovation and corporate culture as well as delivering secure, scalable and user-friendly solutions that generate value within medical IT and cybersecurity.

We are excited to begin working together in a more uniform way, and Sectra’s solution will open up that path for us by providing a unified imaging platform that is well integrated with our current IT systems.

Moreover, the managed service and it being deployed in the cloud will give us more time to focus on the care of our patients.

We have identified growth opportunities in the cybersecurity area, where we see a growing need for both advisory and monitoring services to address the intensifying cybersecurity risks within critical infrastructure. Sectra’s already well-developed and established offering of monitoring services will therefore be an excellent complement to our services. We are looking forward to working with Sectra and providing joint support for our customers in tackling the challenges of OT security, which requires continuous development and a broad understanding of the risks that can arise in these complex systems, and how adequate security is created.

We saw the need for monitoring services for cybersecurity in critical infrastructure at an early stage and are convinced that this partnership will achieve additional synergies and lead to more growth. In AFRY, we have found a partner with strong expertise in OT security, and an established, broad customer base. We are convinced that our combined expertise in security assessments, monitoring and incident management will increase the security and availability of our customers’ production systems. This, in turn, will benefit society as a whole by increasing the resilience of critical operations such as electricity generation, energy distribution and water supply.

It is crucial for us to always be able to communicate classified information, regardless of where and when it is needed. Our users also need to feel confident in the products they are using when discussing sensitive topics. Hence, we chose Sectra’s encryption solution since it is approved and used by similar government organizations in other EU countries.

Given the unstable security situation in Europe, there is an increased need within many organizations for secure and approved solutions that can facilitate the exchange of highly classified information. This order shows that our solutions meet these high demands and thereby ensure that the exchanged information stays secure at all times. It is an honor to support the governmental officials in their daily work and to contribute to the information security of the Republic of Finland.

The need for secure and robust communication systems with high availability is greater than ever before. A quantum-resilient solution is therefore a necessity for our NATO customers to uphold their digital sovereignty. This approval confirms that our latest version of Sectra Tiger/S withstands today’s and future threats.

We are excited to partner with Sectra and bring their comprehensive enterprise imaging solution to healthcare providers in Poland. We are seeing a growing trend in the Polish market where large hospitals want to transition from department-specific solutions to one enterprise-wide solution that covers all imaging needs. Sectra’s products provide exactly that, and this partnership will enable us to meet the evolving needs of healthcare providers. It has the potential to impact patient care in Poland, especially in complex diagnostics such as cancer.

We are pleased to have found a partner with such a strong network within the Polish healthcare market and a solid understanding of the decision-making processes. We are confident that our enterprise imaging solution, combined with our partner’s local knowledge and experience within medical IT, will enable us to better serve our customers in Poland and help them improve patient care.

Going digital in pathology is an important step to ensure that we can continue to provide high-quality care to patients in our region as well as help reduce our hospitals’ growing under-capacity. It will allow us to utilize our resources more effectively and to cooperate around patient samples and with clinicians. Going digital also sets the stage for implementing more AI-based technology, which both can increase diagnostic precision and relieve some of the pathologists’ workload.

We are proud to be working with HSØ to digitize their pathology operations. Our solution is designed to help caregivers provide the highest quality of care to their patients, and we are pleased to be playing a part in ensuring that cancer patients in Norwegian healthcare receive the best possible care.

This is an exciting time for Parkview Health to be positioned for success in the forefront of an industry transformation to cloud. The Sectra One Cloud subscription model provides access to the full Sectra product portfolio while ensuring an easy and predictable cost model to grow enterprise imaging volumes.

We work every day to maintain a high level of delivery reliability in our electricity grid. We conduct maintenance and service on the grid to reduce the number of unplanned interruptions. By continually investing in the grid, we create the necessary conditions for continued growth in the region. Sectra’s monitoring solution will support us in detecting potential security risks, thereby helping to create greater security for our customers.

Helping our customers to maintain continuous operations is an important task for Sectra since interruptions can have major consequences for society, which is reliant on electricity production. We look forward to taking on this assignment from Jönköping Energi and to working together to ensure the availability of the company’s critical systems.

Our current infrastructure needs to be replaced, giving us the perfect opportunity to move over to Sectra’s cloud solution. We’ve been a happy customer of Sectra for many years, so letting them take full responsibly for our IT operations was an easy choice. Moving to the cloud will reduce our IT burden, giving us the time to focus on our users.

Many healthcare providers are currently facing challenges when it comes to high workloads and a lack of resources. In addition, secure communication and sharing of sensitive data has never been more important. As a result, we are seeing increasing interest in cloud services. I’m happy that Zuyderland remains satisfied with us as their technology provider, and I am proud of being trusted to manage their IT infrastructure.

This program will push the boundaries of cancer research and how we work. It has the potential to transform clinical trials, change who can do research and development, and lead to the creation of new targeted treatments for cancer patients. The potential is vast. We will be able to understand mutations and when things go wrong in DNA, and importantly, whether that transpires into what clinicians see in medical imaging. We can also expose data to AI in new ways. Working with Sectra in an innovative way is an important part of our initiative. The imaging system is already a very recognizable interface in NHS clinical settings, but we are using it in new ways. It will help us harness imaging that we can then match to our genomic data, while de-identifying data to ensure confidentiality. The resulting multimodal dataset will enable important research and support a safe and secure but accessible cloud-based research environment. That means many more people than bioinformaticians will be able to harness genomic, pathology and radiology data.

This is an inspirational initiative that could help to change our understanding of cancers and other illnesses. We have been working with the NHS for decades to deliver digital maturity to diagnostic environments including radiology and pathology. This project makes greater use of that work, with exciting possibilities for research that could be immense. I eagerly look forward to seeing research emerge, and from that the potential for life-changing and life-saving treatments for patients.

The secure exchange of information between and within authorities, without the risk of eavesdropping, has never been more important. This continued collaboration with Swedish authorities confirms that Sectra plays an important role in the Swedish civil and military defense’s ability to exchange information securely and efficiently. I’m proud that our systems and solutions for secure communication contribute to a safer society.

I am incredibly proud that we have consistently maintained high customer satisfaction in numerous markets for so many years. Our products and services are designed specifically to facilitate the important role of enterprise imaging within the health system. Receiving these awards is a clear indication that Sectra’s motivated and highly skilled employees are doing the right things for our customers.

The 2023 Best in KLAS report highlights the top-performing healthcare IT solutions as determined by extensive evaluations and conversations with thousands of healthcare providers. These distinguished winners have demonstrated exceptional dedication to improving and innovating the industry, and their efforts are recognized through their inclusion in this report. Congratulations to all the winning vendors for setting the bar for excellence in healthcare IT! KLAS continues to be committed to creating transparency and helping providers make informed decisions through our accurate, honest, and impartial reporting.

Sectra’s financial targets and strategic ambitions remain unchanged. The need for greater productivity in healthcare and for cybersecurity is more important than ever. Within the medical area, consolidation and cybersecurity are driving a move to the cloud, and we are in the process of transitioning to service sales and cloud-based deliveries. Although this transition will have a short-term dampening effect on our financial growth, it will benefit us and our customers over the long term. Within the area of cybersecurity, the situation in Europe and the need for secure data, within mobile applications in particular, are strong factors for our future growth. The challenges many healthcare providers are facing today pertain to increased workloads and constrained budgets and resources. Cost containments, preventing staff burnout and cybersecurity concerns are growing in importance. Therefore, having fewer but more effective IT systems, such as for imaging, across several hospitals and/or across different image types and diagnostic specialties is crucial. Our prediction is that enterprise imaging with all medical images in one solution, creating a ‘pixel EMR,’ is what customers will strive for in the future.

Access to resources when and where they are needed is increasingly becoming a challenge. Cooperating around both workload balancing and specialist expertise is therefore critical, especially in the treatment of complex diseases such as cancer where time to treatment and follow-up is of the utmost importance. Digitizing pathology with a joint solution will strengthen our ability to provide excellent care across the two hospitals.

Many healthcare providers, regardless of diagnostic specialty, are facing challenges with increased workloads and a lack of resources. Utilizing imaging IT, across hospitals or across diagnostic specialties, is an important piece of the puzzle. I’m looking forward to working with these two healthcare providers who are looking beyond country borders to provide their patients with timely and high-quality diagnostics.

I am excited for the opportunity to contribute to enhancing patient care in France. Together with the experience and ability of our staff, our digital pathology solution has proven to create tangible positive outcomes for healthcare providers on a mission to utilize digital technology to move the field of pathology and cancer care forward. That makes me very proud.

Going digital in pathology together with Sectra is a step towards our mission of providing high-quality patient care in our region. The ease-of-use of the solution will facilitate the transition to a digital workflow for our pathologists and quickly enable us to reap the benefits of the new set of tools and opportunities to collaborate around cases.

In a time when technology companies in other industries are cutting back on staff, we are continuing to recruit. Being once again named one of the best employers in Sweden, and the very best among product companies, facilitates recruitment and in turn benefits our customers and thereby our shareholders. It is not possible to have satisfied customers without satisfied employees. Together, our employees have successfully created a workplace and a corporate culture that delivers value to our customers around the world.

This upgrade in digital diagnostic tools will bring a range of benefits to our staff as they report on imaging that informs diagnoses and allows clinicians to monitor disease progression for patients. Day to day, this will make all the difference for our radiologists, who will be better able to manipulate large imaging datasets using modern techniques. We will widen our utilization of advanced image processing, while enhanced ways of displaying imaging information in multi-disciplinary teams will enrich collaboration within the hospital.

The new system will streamline access to imaging from elsewhere, improving efficiency when our teams respond to referrals from other hospitals. It will allow us to examine the possibilities of AI-supported diagnoses moving forward as we work to remain at the forefront of pediatric imaging.

Great Ormond Street Hospital has long been a global exemplar when it comes to so many areas of pediatric medicine, including diagnostic imaging. I hope that the deployment of a new imaging system will help to provide tools that will further innovation at the trust. And I look forward to working in strong partnership to share learnings.

Due to the unstable security situation in Europe, we have seen an increased need for solutions that enable secure communication exchange at a high security level. Our customers must be able to exchange all sorts of classified information, via both voice communication and document transfers. It is an honor to support the Dutch Ministry of Defense in this, and to make sure that only the intended recipients have access to their information.

We are excited to begin this new partnership between Sectra and Boston Medical Center. Moving to Sectra will offer our radiologists immediate opportunities for efficiency and productivity improvements that only come with a first class PACS solution. Beyond that, Sectra PACS & VNA will provide the backbone of an enterprise imaging strategy at Boston Medical Center. This goal will improve our providers’ ability to care for our underserved patient population by providing a consistent reading platform and access to all images across different physician specialties throughout BMC.

Sectra will enhance BMC’s physician workflow by providing its radiologists with a multi-modality enterprise overview and its orthopedic surgeons the ability to do 2D and 3D pre-operative planning.

We have used Sectra’s orthopaedic solution for many years and are excited to start our journey toward unified medical imaging management. This consolidation into a single enterprise imaging platform will improve operational effectiveness, inter-departmental collaboration, and provide modern tools for medical imaging, which underpins so much of our clinical platform. It will also eliminate duplicative data entry across multiple systems and thus reduce the likelihood of error.

It is an honor to evolve Sectra’s relationship with Osler. This expansion into enterprise imaging reflects the trust they have in Sectra’s solution and our Canadian team to deliver exceptional support. I am confident that the solution will continue to provide efficiencies and introduce emerging technologies to Osler as they grow.

During this past year, we have helped a number of healthcare providers increase their efficiency within radiology. Many regards resource and workload sharing as critical in maintaining excellent patient care in a reality of increasing pressure on radiology. On top of that, a stable solution with efficient tools for radiology reading, ease-of-use and a multi-ology approach, especially within complex diseases such as cancer, are some of the factors that I believe are critical to tackle the challenges radiology is facing. I look forward to meeting healthcare providers at RSNA to discuss strategies within diagnostic imaging.

Remote access to pathology cases will enable us to share and leverage resources between our hospitals and to facilitate the management of complex cases requiring special expertise, but also to foster teaching and research activities. It will also allow us to offer our pathologists, if they wish, a more flexible life thanks to remote work.

Access to resources, particularly specialists, is a challenge for many healthcare providers. We’re excited to have the opportunity to put our experience of implementing regional imaging solutions to use for these three university hospitals. Their joint quest to improve cancer care, combined with modern technology, has the potential to truly impact patients in this area, and we are proud to be able to contribute.