Sectra profit surges in Q1

Sales of region-wide medical IT systems helped PACS firm Sectra to a 2.5% increase in first-quarter net sales, while profit grew substantially.

For the first quarter, Sectra had net sales of 175.3 million Swedish kronor (20.2 million euros), up from 171 million kronor (19.7 million euros) in the same quarter last year. The vendor had net earnings of 11.8 million kronor (1.4 million euros), up from 200,000 kronor (20,000 euros) a year ago.

Sectra attributed the earnings growth to the completion of several customer projects and a higher level of investment in development projects that are activated, combined with ongoing efficiency and enhancement projects and the restructuring the company carried out in the proceeding year.

In quarterly highlights, Sectra said it signed several extensive service agreements with new customers in the U.K. Furthermore, the U.S. market appears to be more positive than before, with Sectra's North American operations tripling their order bookings compared with the year-earlier period, the firm said.

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