LINKÖPING, Sweden, May 29, 2018 /PRNewswire/ -- International
medical imaging IT and cybersecurity company
Sectra (STO: SECT B) reported increased order
bookings, net sales and earnings compared with the preceding fiscal
year. Sectra's financial focus is to increase its operating profit
per share while maintaining its operating margin, and the company's
financial performance measures continue to exceed the Group's
target levels. Taking into consideration this favorable performance
and the company's strong financial position, the Board and the CEO
have decided to propose to the Annual General Meeting (AGM) that
SEK 4.50 per share be distributed to
the shareholders through a share redemption program.
2017/2018 fiscal year in figures
- Order bookings increased 26.7% to SEK
1,492.5 million (1,177.7).
- Net sales rose 11.0% to SEK 1,266.5
million (1,140.9). Adjusted for currency fluctuations, sales
increased 12.5%.
- Operating profit rose 19.5% to SEK 239.1
million (200.1), corresponding to an operating margin of
18.9% (17.5). Adjusted for currency fluctuations, operating profit
increased 22.0%.
- Cash flow after changes in working capital amounted to
SEK 222.7 million (235.2).
Fourth quarter in figures
- Order bookings increased 43.1% to SEK
500.3 million (349.6).
- Net sales rose 13.8% to SEK 387.9
million (340.8). Adjusted for currency fluctuations, sales
increased 13.9%.
- Operating profit rose 12.3% to SEK 83.7
million (74.5), corresponding to an operating margin of
21.6% (21.9). Adjusted for currency fluctuations, operating profit
increased 13.0%.
- Profit before tax rose 44.8% to SEK
113.5 million (78.4). Net financial items increased
SEK 25.9 million to SEK 29.8 million, of which the sale of 100% of
the shares in the associated company Commit; Oy accounted for
SEK 9.8 million.
- Cash flow after changes in working capital amounted to
SEK 101.9 million (60.2).
Torbjörn Kronander, President and CEO of Sectra AB,
comments
"The 2017/2018 fiscal year was characterized by successes that
strengthened Sectra's position in our niche markets. We have
achieved all of our financial goals and are growing through
collaboration with new and existing customers and partners. Our
customers have entrusted us to execute projects with innovative
solutions that could ultimately lead to new advances in critical
social functions. The overall aim of all our projects and business
ventures is to solve major social problems that must be addressed
in the foreseeable future. Helping customers to improve the
efficiency and quality of patient care and increase cybersecurity
in critical social functions is Sectra's most significant
contribution to a more sustainable society.
"A year ago, our order bookings looked somewhat worrying, but
after the most recent quarter we are ending the fiscal year with a
healthy order book. This will provide a solid foundation for
continued growth. Sectra has stable underlying operations, with
favorable profitability and cash flow. We also have a number of
highly exciting projects in the pipeline that could eventually
become major endeavors, although, as always, there are no
guarantees with such projects.
"It is rewarding to lead and work for a company with satisfied
customers and employees who do an outstanding job every day. The
Group's performance is a result of our targeted efforts to
understand our customers' environments and of our culture, with
employees who truly care about and assume responsibility for our
customers. I am incredibly proud of the Sectra culture and the way
it is ingrained in every operating area in the company. This
further strengthens our reputation and helps to boost our
profitability. This ultimately benefits our customers, employees
and shareholders—and, above all, the patients who benefit from our
medical IT systems and the citizens of the democratic, open
societies protected by our security solutions.
For further CEO comments and information, see the attached
year-end report.
Presentation of the year-end report
A presentation will be held by Torbjörn Kronander, President and
CEO of Sectra AB, and Mats Franzén, CFO of Sectra AB. The
presentation will be held in English.
Time: May 29, 2018, at 12:00
noon
To attend the presentation at Operaterrassen, register here:
www.financialhearings.com/event/10336
The report presentation can also be followed live online:
www.sectra.com/irwebcast. A recorded version will also be available
via this link after the conference.
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 8:00
a.m. (CET) on May 29,
2018.
For further information, please contact:
Dr. Torbjörn Kronander
CEO and President Sectra AB
+46 (0) 705-23-52-27
This information was brought to you by Cision
http://news.cision.com
http://news.cision.com/sectra/r/sectra-s-year-end-report-2017-2018--positive-earnings-trend-and-healthy-order-book,c2533499
The following files are available for download:
http://mb.cision.com/Main/1263/2533499/849863.pdf
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Sectra Year-end
Report 2017/2018
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http://news.cision.com/sectra/i/torbjorn-kronander,c2419654
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Torbjorn
Kronander
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