Sectra reports revenue, sales growth in Q4, entire year

2019 07 04 00 21 3668 Euros Bills 400

Sectra reported revenue growth for the fourth quarter and the entirety of the company's 2021-2022 fiscal year, which it said also featured its "highest sales" to date.

The company reported its recurring revenue accounted for 280.8 million Swedish krona (26.8 million euros) of sales, up 11.3%. Based on unadjusted exchange rates, the increase was 6.3%. The company's recurring revenue for the year accounted for 1,081.4 million Swedish krona (103.2 million euros) of sales, up 11.7%. Based on unadjusted exchange rates, the increase was 9.6%.

The company's net sales for the year also rose 19.4% to 1,949.1 million Swedish krona (186 million euros). Based on unadjusted exchange rates, the increase was 16.9%. For the quarter, net sales increased 23.3% to 649 million Swedish krona ($61.9 million). Based on unadjusted exchange rates, the increase was 17.6%.

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