Press release - Linköping,
Quarter (August-
- Contracted order bookings amounted to
SEK 503.0 million (664.2), of whichSEK 460.1 million (605.6) pertained to guaranteed order bookings. Of the guaranteed order bookings, 26% were recognized during the quarter and a further 28-38% are deemed to pertain to revenue within 12 months after the end of the quarter. -
Net sales increased 40.2% to
SEK 787.7 million (561.7). Based on unadjusted exchange rates, the increase was 36.3%. Recurring revenue accounted forSEK 429.6 million (316.4) of net sales, up 35.8%. Based on unadjusted exchange rates, the increase was 32.0%. Cloud recurring revenue (CRR) increased 56.7% toSEK 93.4 million (59.6). -
Operating profit rose 64.2% to
SEK 176.7 million (107.6), corresponding to an operating margin of 22.4% (19.2). Based on unadjusted exchange rates, operating profit increased 57.0%. -
Profit for the period amounted to
SEK 150.6 million (93.9). -
Cash flow from operations amounted to
SEK 57.7 million (38.9).
Six-month period (May-
- Contracted order bookings rose 19.8% to
SEK 3,472.9 million (2,899.6), of whichSEK 804.5 million (1,310.9) pertained to guaranteed order bookings. -
Net sales increased 31.1% to
SEK 1,371.5 million (1,045.8). Based on unadjusted exchange rates, the increase was 26.1%. Recurring revenue accounted forSEK 826.7 million (626.8) of net sales, up 31.9%. Based on unadjusted exchange rates, the increase was 26.8%. Cloud recurring revenue (CRR) increased 64.1% toSEK 179.8 million (109.6). -
Operating profit rose 43.1% to
SEK 246.0 million (171.9), corresponding to an operating margin of 17.9% (16.4). Based on unadjusted exchange rates, operating profit increased 33.7%. -
Profit for the period amounted to
SEK 212.1 million (148.0). -
Cash flow from operations amounted to
SEK -40.6 million (-25.3).
Comments from Torbjörn Kronander, President and CEO of
"Our most valuable asset is our customers' confidence in our ability to deliver the best possible quality and in our employees' expertise. We drive innovation through partnerships with customers and various players in the industry. These partnerships aren't just about research and development, or integration with systems from other suppliers. They are also part of a journey to discover and implement ground-breaking solutions for medical diagnostic imaging and advanced cybersecurity. Our work improves healthcare and makes society more secure. Each step forward that we take together with our customers confirms that
"A long-term approach and long-term relationships lead to success. It is incredibly exciting to see all of our operating areas grow. Together, we reported our highest sales to date for a single quarter, and our operating profit exceeded previous second-quarter records.
"Overall,
Read the attached interim report for further CEO comments and information.
Presentation of the interim report
Torbjörn Kronander, President and CEO of
Time:
Follow live or listen to the recording afterward: https://investor.sectra.com/Q2report2324
This information constitutes information that
For further information, please contact:
Dr. Torbjörn Kronander, President and CEO,
About
https://news.cision.com/sectra/r/sectra-s-six-month-interim-report-2023-2024--strong-performance-in-all-operating-areas,c3892244
https://mb.cision.com/Main/1263/3892244/2495135.pdf
https://news.cision.com/sectra/i/cloud-service,c3249164
https://news.cision.com/sectra/i/torbjorn-kronander--president-and-ceo,c3249145
https://news.cision.com/sectra/i/sectra-education-portal,c3249146
(c) 2023 Cision. All rights reserved., source