LINKÖPING, Sweden, March 9, 2022 /PRNewswire/ — International medical imaging IT and cybersecurity company Sectra’s (STO: SECT B) radiology module for enterprise imaging, Sectra PACS, received a top ranking in customer satisfaction surveys in the US, Canada and Asia/Oceania. Satisfied customers are the foundation for the Group’s growth and the positive trend in the Imaging IT Solutions operations. Sectra’s other operating segments are affected by the pandemic to a greater extent, particularly Secure Communications. The consequences of the pandemic and the ongoing investments in the field of cybersecurity are expected to continue to have a negative impact on the earnings trend toward the end of the fiscal year, but have the potential to contribute to long-term expansion.
Nine-month period in figures, May 2021–January 2022
Third quarter in figures, November 2021–January 2022
Comments from Torbjörn Kronander, President and CEO of Sectra AB
“What we are achieving together with our customers is benefiting millions of patients around the world, improving medical education and helping society’s critical functions with cybersecurity. The best way that we can grow is to continue to satisfy customers who then recommend Sectra to those who are not yet our customers.
“Early deliveries at the start of the fiscal year have contributed to more even outcomes between the quarters, and operating profit for the period as a whole increased 30%. Deliveries of medical IT systems contributed to a positive profit trend and stable growth for Imaging IT Solutions, in particular thanks to a growing customer base in the US, which is currently our fastest growing market. Business Innovation’s operations also performed well in the third quarter.
“Unfortunately, the COVID-19 pandemic had a major impact on Secure Communications during the quarter. To reverse this trend, we need to progress in procurements and deliver products to customers. We expect the operational investments we are currently carrying out to continue to have a negative impact on the Group’s outcomes for some time before the trend can be reversed. To date, we have not experienced any direct effects of the security situation in Europe, and our business operations in Russia and Ukraine are very limited. However, together with the general increase in cyber threats in society, these events are expected to contribute to growing demand for cybersecurity in the coming years.
“During the final quarter of the fiscal year, we expect the earnings trend to weaken as a result of the situation in Secure Communications, the continued reinforcement of the Imaging IT Solutions organization and the transition to sales of software as a service instead of traditional licenses, which will distribute revenue more evenly over time. This revenue model is more stable and long-term than previous license sales, but will lead to a decline in sales growth in the short term.”
Read the attached interim report for further CEO comments and information.
Presentation of the interim report
Torbjörn Kronander, President and CEO of Sectra AB, and Mats Franzén, CFO of Sectra AB, will present the financial report and answer questions. The presentation will be held in English.
Time: March 9, 2022 at 10:00 a.m. (CET)
Follow live or listen to the recording afterward: https://investor.sectra.com/Q3report2122
This information constitutes information that Sectra AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and/or the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 8:15 a.m (CET) on March 9, 2022.
CONTACT:
For further information, please contact:
Dr. Torbjörn Kronander, President and CEO, Sectra AB, +46 (0) 705 23 52 27
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The following files are available for download:
Sectra’s nine-month interim report 21_22 |
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https://news.cision.com/sectra/i/torbjorn-kronander–president-and-ceo-of-sectra-ab,c3021665 |
Torbjörn Kronander, President and CEO of Sectra AB |
SOURCE Sectra
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