Sectra adds to net sales in fiscal Q3

Significant sales growth in Sweden propelled net sales gains for PACS vendor Sectra in its third quarter of fiscal 2018.

For the quarter (end-January 31), net sales increased 2% to 300.1 million kronor (29.4 million euros), compared with 294.2 million kronor (28.8 million euros) in the third quarter of fiscal 2017. Operating profit rose 9% to 51.3 million kronor (5 million euros), compared with 47.1 million kronor (4.6 million euros) in the same quarter of the last fiscal year. Adjusted for currency fluctuations, operating profit increased 13.5%.

Net sales for the nine-month period rose 10% to 878.6 million kronor (86.1 million euros), compared with 800.1 million kronor (78.4 million euros) in the same period of fiscal year 2017. Operating profit climbed 24% to 155.4 million kronor (15.2 million euros), compared with 125.6 million kronor (12.3 million euros) in the same period a year ago. Adjusted for currency fluctuations, operating profit increased 27%.

Sectra also is looking to expand its early market presence in Canada and France, where offices opened last year, added Sectra President and CEO Torbjörn Kronander.

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