Increased demand for its mammography products helped Swedish PACS and digital mammography vendor Sectra to a 4.5% increase in sales in its 2010 fiscal first quarter (end-July 30).
The Linköping-based vendor had first-quarter net sales of 206.7 million Swedish kronor ($27.9 million U.S.), up from 197.8 million kronor ($26.7 million U.S.) in the first quarter a year ago. Operating profit dipped, however, to 200,000 kronor ($27,000 U.S.) from 10.1 million kronor ($1.4 million U.S.) during the same period last year. The lowered profit was due to increased operating costs and depreciation charged to capitalized development projects and group-financed customer projects, Sectra said.
In quarterly highlights, Sectra delivered 21 MicroDose Mammography full-field digital mammography units, more than double the 10 units shipped during last year's first quarter.
Sectra's board has also announced new strategic objectives targeted at profitability and growth. The firm is aiming for a profit margin of 15% or greater (up from 10%), to grow an average of 15% annually over a seven-year period (down from 30%), and to maintain an equity-assets ratio of at least 30%.
Sectra said the board believes the company is favorably positioned to achieve the new target levels over a three-year period.
Related Reading
Sectra completes German mammo order, August 27, 2010
Sectra wins Australian contract, August 12, 2010
Sectra awarded Aussie PACS contract, July 12, 2010
Sectra gets Norwegian PACS order, June 30, 2010
Sectra scores Australian contract, June 18, 2010
Copyright © 2010 AuntMinnie.com
