Sectra posts double-digit gains in Q3

By AuntMinnieEurope.com staff writers

March 4, 2020 -- The addition of new customers helped boost digital image management developer Sectra to double-digit gains in net sales and operating profit in the third quarter of 2020.

In the third quarter (end-January 31), net sales advanced 39% to 457.4 million kronor (43.4 million euros), compared with 329.5 million kronor (31.3 million euros) in the same quarter of fiscal 2019. Adjusted for currency fluctuations, sales increased 35%.

Operating profit almost doubled to 99.7 million kronor (9.5 million euros), compared with 50.2 million kronor (4.8 million euros) in the third quarter of 2019. Adjusted for currency fluctuations, operating profit increased 87%. In addition, order bookings increased 10% in the quarter to 431.1 million kronor (41 million euros), compared with 390.7 million kronor (37.1 million euros) in the same quarter a year ago.

For the nine-month period, net sales rose 23% to 1.1 billion kronor (107.8 million euros), compared with 939.4 million kronor (89 million euros) in the same period of fiscal 2019. Adjusted for currency fluctuations, sales increased 19%.

Operating profit increased 31% to 171.8 million kronor (16.3 million euros), compared with 130.8 million kronor (12.4 million euros) in the same period of the prior fiscal year. Adjusted for currency fluctuations, operating profit increased 24%. Sectra also reported a 6% increase in order bookings in the nine-month period, reaching 1.09 billion kronor (103 million euros), compared with 1.03 billion kronor (97 million euros) in the same nine months of fiscal 2019.


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