Sectra reports higher earnings in Q2

PACS vendor Sectra posted an increase in revenue and profitability in the second quarter of its 2017-2018 fiscal year.

For the period (end-31 October), Sectra had net sales of 313.4 million Swedish kronor (31.5 million euros), up 13.8% from the 275.4 million kronor (27.7 million euros) reported in the fiscal second quarter of 2016/2017. The company had an operating profit of 59.8 million kronor (6.0 million euros), up 28.9% from its 46.4 million kronor (4.7 million euros) for the same period last year.

Major variations between quarters continue to appear for order bookings, according to the company. Order bookings went up by 42.5%, from 299.6 million kronor (30.1 million euros) last year to 426.8 million kronor (42.9 million euros) this year -- considerably higher than the 0.9% increase in order bookings in the first quarter from 2016/2017 to 2017/2018.

Sectra is also investing in their new Canadian and French offices as they prepare for growth opportunities in the U.S., the company said.

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