Sectra enjoys double-digit growth

AuntMinnie.com staff writers

May 20, 2008

High order bookings propelled Swedish PACS vendor and digital mammography developer Sectra of Linköping to greater revenues and profits in fiscal 2008.

For the year (end-March 31), net sales increased 10% to $124 million (U.S.), compared with $112.5 million in fiscal 2007. The company's profit climbed 14% to $13.3 million for the 12-month period, compared with $11.7 million in the previous year.

Sectra's order bookings rose 48% to $169 million during fiscal 2008, compared with $114 million for 2007. International expansion continued, with markets outside Sweden now accounting for 67% of Sectra's sales. The company's area of greatest growth is in the U.S. market.

Fourth-quarter net sales rose 9% to $37.5 million, compared with $34.2 million in the fourth quarter of 2007. Profit totaled $7 million, compared with $3.9 million in the previous fourth quarter.

Related Reading

Sectra adds FFDM customer, May 6, 2008

Sectra adds Japanese distributor, April 2, 2008

Sectra installs new version of PACS software, March 10, 2008

Sectra sales climb in Q3, March 4, 2008

Sectra wins PACS deal for London hospitals, January 3, 2008

Copyright © 2008 AuntMinnie.com

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