May 26, 2009 - Sectra’s net sales increased by 16.2 percent to SEK 863.3 million (742.9) compared with the preceding fiscal year. The Group’s order bookings rose 13.1 percent to SEK 1,149.7 million (1,016.6). Profit after financial items was SEK 71.4 million (79.8), corresponding to profit margin of 8.3 percent (10.7).
During the fourth quarter, Sectra’s net sales rose 17.5 percent to SEK 263.7 million (224.5). Profit after financial items amounted to SEK 7.4 million (42.3), corresponding to a profit margin of 2.8 percent (18.9). Order bookings increased 31.2 percent to SEK 207.7 million (158.3).
“A limited number of large, long-term customer projects have resulted in initial costs for the group that affected the profit margin adversely. Profit was also adversely impacted by the continued expansion of distribution channels and increase in production capacity in the mammography area,” said Jan-Olof Brüer, president and CEO of Sectra AB.
The international expansion continued and markets outside Sweden accounted for 70.2 percent (66.8) of the group’s sales during the year.
“The Medical Systems business area continued to expand during the 2008/2009 fiscal year despite weaker economic conditions worldwide. Within the business area, the mammography product division experienced the greatest growth during the 2008/2009 fiscal year, increasing 50 percent,” indicated Brüer.
For more information: www.sectra.se