Sectra's Interim Report May - July, 2013: Top Ranking for Sectra in US Customer Satisfaction Poll
LINKÖPING, Sweden--(BUSINESS WIRE)-- Regulatory News:
· During its first quarter, the IT and medical technology company Sectra (http://www.sectra.com) (STO: SECT B) received ranking among the very highest companies in an independent US customer satisfaction survey conducted by the American organization KLAS.
· Sectra increased its order bookings by 113.2% to SEK 247.7 million (116.2).
· Successful sales of region-wide medical IT systems contributed to Sectra net sales rising 2.5% to SEK 175.3 million (171.0).
· Sectra reported an operating profit of SEK 13.9 million (4.1), up 239.0%. The completion of several customer projects and a higher level of investment in development projects that are activated, combined with ongoing efficiency enhancement projects and the restructuring that Sectra carried out in the preceding year, contributed to the earnings improvement.
Although Sectra's first quarter is traditionally weak, a clear improvement could be seen compared with the year-earlier period. Dr. Torbjörn Kronander, President and CEO Sectra AB, comments as follows:
"We more than doubled our operating profit and all business areas reported higher order bookings. For example, we signed several extensive service agreements with new customers in the UK where we conducted a targeted growth initiative in the preceding fiscal year."
"The US market appears more positive than previously and our North American operations tripled their order bookings compared with the year-earlier period. I am also delighted and proud that US hospitals have ranked Sectra at the very top of the list of suppliers in an independent customer satisfaction survey."
"I foresee favorable opportunities for Sectra's continued expansion. In our Business Innovation segment for future products and services, we are making continuous progress and our two business areas, Imaging IT Solutions and Secure Communications, have a stable combined underlying cash flow that is helping to finance future profit growth."
Read the full interim report on: http://www.sectra.com/press_releases/en/all/2013/
Teleconference with President Torbjörn Kronander and CFO Simo Pykälistö
September 10, 2013, 9:00 a.m. (CET). To participate, call:
Sweden: +46 8 50556477 UK: +44 203364 5372 US: +1 8557161589
The presentation will be held in English and can also be followed online via:
A recorded version of the presentation will be available on Sectra's website under the heading Investor/Financial presentations (http://www.sectra.com/corporate/investor/financial_information/financial_hearings.html).
The information in this report is such that Sectra AB (publ) is obligated to disclose in compliance with the Securities and Clearing Operations Act and/or the Financial Instruments Trading Act. This information was released to the media for public disclosure on September 10, 2013, at 8:00 a.m. (CET).
About the Sectra Group
Sectra was founded in 1978 and has its roots in Linköping University in Sweden. The company's business operation includes cutting-edge products and services within the niche segments of medical IT and secure communication. Sectra has offices in 12 countries and operates through partners worldwide. Sales in the 2012/2013 fiscal year totaled SEK 817 million. The Sectra share is quoted on the NASDAQ OMX Stockholm exchange. For more information, visit www.sectra.com.
This information was brought to you by Cision http://news.cision.com
For further information:
Dr. Torbjörn Kronander
CEO and President
+46 (0) 705 23 52 27
KEYWORDS: United States Europe North America Sweden
The article Sectra's Interim Report May - July, 2013: Top Ranking for Sectra in US Customer Satisfaction Poll originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.