By staff writers

December 10, 2018 -- PACS provider Sectra posted a decrease in revenue and profit in the second quarter of its 2018-2019 fiscal year, mainly due to currency headwinds and ventures in new markets and product areas.

For the period (end-October 31), Sectra's net sales increased to 327.4 million Swedish kronor (31.8 million euros), up 4.5% from net sales reported in the same fiscal quarter in 2017-2018. Adjustments in currency fluctuations, however, ultimately turned this into a decrease in sales by 0.7%.

The company's operating profit fell to 48.4 million kronor (4.7 million euros), down 27.7% after adjusting for currency fluctuations from its 59.8 million kronor (5.81 million euros) for the same period last year.

Investments into new markets dampened second-quarter earnings, but the favorable order volume of the first and second quarters have kept Sectra above its financial goal for the most recent 12-month period, the company said.

Copyright © 2018

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