Sectra: Interim Report for the First Quarter, May - July 2007: Sectra's Order Bo
Sectra's (STO:SECTB) net sales for the first quarter increased by11.1% to SEK 149.9 million (134.9) compared with the year-earlierperiod. Profit after financial items amounted to SEK 3.5 million(5.0), which corresponds to a profit margin of 2.3% (3.7). Orderbookings rose to SEK 206.4 million (98.8), slightly higher than doublethe amount compared with a year earlier.
Rising earnings from direct sales of medical systems in the US andother markets outside Sweden contributed to the sales increase in thequarter. Among other successes, Sectra signed a five-year serviceagreement with the New York City Health and Hospitals Corporation, thelargest municipal healthcare provider in the US.
"We are continuing to expand outside our home market. The choiceby such large customers as the New York City Health and HospitalsCorporation to use Sectra is strategically important for our continuedexpansion in the US," says Jan-Olof Bruer, President and CEO ofSectra. "We are in the midst of implementing measures decided toincrease our own direct sales. Our assessment is that Sectra willcontinue to expand with favorable profitability," continues Jan-OlofBruer.
Sectra continued to report sales successes on the mammographymarket during the quarter. These included an order from Ireland'snational program for mammography screening for Sectra's digitalmammography system, Sectra MicroDose Mammography, for expansion ofdigital mammography nationwide.
FDA application
In June, Sectra submitted the first part of its application tosell Sectra MicroDose Mammography in the US to the Food and DrugAdministration (FDA).
The application procedure now being initiated by Sectra is modularand has been extended to include the most recent version of SectraMicroDose Mammography.
About Sectra
Sectra successfully develops and sells cutting-edge products inthe expansive niche segments of medical systems and securecommunication systems. The company was founded in 1978 and has itsroots in the Linkoping Institute of Technology in Sweden. Today,Sectra has offices in eleven countries and operates through partnersworldwide. Sales in the 2006/2007 fiscal year totaled SEK 673 million.The Sectra share is quoted on the Nordic Exchange in Stockholm. Formore information about Sectra visit .
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